Wednesday, 6 July 2011

National Auction House increased activity by 71%

National property auctioneer Auction House has seen a dramatic year on year rise in activity, in both the number of lots sold and the amount of money raised during the first six months of 2011.

From January to June, the brand sold 835 properties compared with 488 in the same period last year – a rise of 71%.

During this time, the company raised a total of £77m – up 68% from last year, when the figure stood at just below £46m. The company’s average sales success rate for this year is 80.3%.

Auction House founding director Roger Lake said: “These are spectacular results – especially for a brand which has been in existence for less than five years. They are a clear indicator that our network of regional auction rooms is becoming increasingly successful, and our policy of selling property locally is now really taking hold.

“With an additional five salerooms across the country since last July, we are now well on course to exceed our target of selling 1,500 lots this calendar year.”

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