Resi auction market bounces back

first_imgHome » News » Agencies & People » Resi auction market bounces back previous nextAgencies & PeopleResi auction market bounces backThe Negotiator2nd July 20180336 Views David Sandeman reports on recent auction activity and results:In last month’s newsletter I reported on a subdued set of auction results in April, so I am pleased to see that the market bounced back in May. The residential auction sector performed particularly strongly in May, with a 10 per cent rise in lots offered (2,560 to 2,806) and a six per cent rise in lots sold (1,945 to 2,070). Residential revenues increased 5.4 per cent, to £357,000,000, which is a welcome return following the 12 per cent losses seen in April.Residential AuctionsResidential Lots offered: 2806 (2560 in May 2017)Lots Sold: 2,070 (1945 in May 2017)Percent Sold: 73.8 per cent (76 per cent in May 2017)Total raised: £357m (£338m in May 2017)auction resi auction market residential auctions David Sandeman July 2, 2018The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more