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Half-year results up at Auction House

The Negotiator

Auction House auction lot image

Auction House reports impressive half-year results for 2018, with the number of lots sold up 3.8 per cent on the same period in 2017.

Between January and June the group sold 1,571 lots from 2,096 offered – a success rate of 75 per cent, raising nearly £197,657,900. During the first six months of last year the group sold 1,516 lots from 2,020 offered (also a 75 per cent success rate) and raised £182.8m.

Director Roger Lake said, “These figures reflect very well in what is undeniably a challenging climate and with some buyers becoming more selective – most noticeably buy-to-let investors. Despite this, all our metrics have strengthened and our ability to sell three quarters of everything we offer has been maintained year on year.”

Roger says that the group has also noticed another interesting trend in the last six months, “The decline of the High Street is now showing through in the higher proportion of shops and mixed-use premises being offered and sold, with 245 of them entering our catalogues in the last six months.”

The photo shows two freehold ground floor shop units with a one bedroom flat on the High Street, Thorpe-le-Soken, Essex, which sold for £204,000, from a guide of £185,000.

August 20, 2018

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