Total property sales of more than £178m were raised by Bond Wolfe in 2023, the Birmingham-based livestream property auctioneer has revealed.

The auctions division raised £150,642,410 in sales across seven auctions in the last 12 months, selling 963 lots from the 1,116 offered – a success rate of 86%.

The commercial agency side of the business added another £28.15m, taking Bond Wolfe’s total property sales to £178,792,410 for the year.

Gurpreet Bassi, chief executive of Bond Wolfe, explained that sales had been consistently strong at the seven auctions across 2023, ranging from nearly £16.7m in January to more than £26m in September.

He said: “The ongoing success of every one of our auctions tells us the property sector continues to get stronger despite economic uncertainty.”

Bond Wolfe is now the appointed auctioneer for Birmingham City Council, City of Wolverhampton Council, Sandwell Metropolitan Borough Council, Walsall Council and West Midlands Police.

Mr Bassi added: “We regularly have properties at our auctions from as far away as Cornwall, Scotland, Wales and London.”

James Mattin, heading agency operations as managing director at Bond Wolfe, said: “Whilst the wider economy has remained sluggish, the commercial property sector is still booming with a strong appetite from local and regional investors in particular for retail income opportunities.”

Bond Wolfe’s next livestream auction starts at 9am on Thursday 8 February.