Auction House reports sales up by 9% in first two months of 2014

Award-winning property auctioneer Auction House reports sales were up by 9% over the January and February period, demonstrating healthy growth throughout the country.

326 lots were sold across the company’s 33 auction rooms during the two months, following a record year in 2013 when the group sold a total of almost 2,600.

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Ian Hill, Director of Auction House Manchester, said: “Auction House is off to a strong start in 2014 – with residential, commercial and investment lots selling well. The market has certainly strengthened over recent months, and regional auctions continue to take a growing share of entries. In fact, we expect to list 3,500 lots for sale this year.

“We see further consolidation in the sector and the appeal of regional auction rooms being a key ingredient in this process. With the property market surging forward and prices rising in most parts of the country, the scene is set for strong auction activity and growth in its popularity too.”

Ian Hill added “Selling by auction should be the first choice for several different property types, as it can often lead to getting a better price than the traditional estate agent route. Auction House has an 80% success rate, and the process achieves an exchange of contracts within just four weeks of instruction – which is about ten weeks quicker than through an estate agent!”

Our next Auction House Manchester sale will be held at The Etihad Stadium, Manchester City FC, Sport City, Manchester, M11 3FF on Tuesday 25th March 2014 at 12noon 

Entries are being invited for our next auction on 20th May 2014.

Call us on 0161 925 3254 for a FREE no obligation Auction appraisal or visit Auction House Manchester.

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