Auction House announces six year sales high

Auction House has announced that a record number of lots were sold by the firm in July, marking a six year high for UK industry as a whole.  The group sold 379 lots in the month, an 8% increase on its previous best, raising £38.5 million in the process. Auction House Founding Director Roger Lake said that the record figures highlighted the buoyancy of the property auctions sector. “As our numbers demonstrate, regional auctions are becoming more and more popular. But it’s the increasing consumer confidence in the auction method of sale that is the important driver. With auction fast becoming a mainstream alternative to private treaty in the regions, the public is now deliberately choosing auctions for the speed and certainty they provide in a difficult-to-read property market,” he said. The firm has also recently announced the opening of a new Aberdeen auction room to market properties in the Scottish Highlands and Islands, as well as revealing a tie up with Symonds & Sampson, to provide In addition, the group has recently revealed a further tie up with South West auctioneers Symonds & Sampson, to provide coverage in Dorset, South Somerset, South Wiltshire and East Devon, increasing the number of Auction House sales rooms across the UK to 40. Lake added: “Far from being a last resort, as used to be the case, auctions are now becoming a first choice method of sale for a larger number of properties - which can only be good for the property market in general.”