Record numbers putting their homes under the hammer

Auction House claims property bidders are looking beyond Brexit day after exceeding 800 lots under the hammer for the first time in any given month.

The auctioneer, which works with local estate agents, has listed 810 properties in its October catalogues.

The firm also reported that its sales were up 7% annually in September, selling 425 of 618 lots on offer and raising £51.3m.

Roger Lake, founding director of Auction House, said: “Our regional auction rooms continue to outpace competitors, and these are stunning numbers in a property market which is presenting considerable challenges at the moment.

“Entering more than 800 lots this month is both a credit to our teams and a confirmation that sellers prefer our policy of selling local property to local and regional buyers through nearby auction rooms.

“It’s true to say that gloomy financial forecasts in the media haven’t affected regional buyers as much as city investors.

“In salerooms across the country, we continue to meet hundreds of enthusiastic buyers – people looking beyond Brexit day, who know that life will continue after the end of March next year, and that there will still be a shortage of homes in the UK.

“Such people invariably take a long-term view and when doing so see opportunity and optimism ahead.

“The truth is that the political climate is already uncertain and is likely to remain so for a while longer. For that reason, we would advise sellers with concerns about the post-Brexit marketplace to list their properties in our auctions before the end of the year.”

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One Comment

  1. Property Poke In The Eye

    Auction House also remove 30/40% of their lots prior to auction too.

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