Property auctions firm reports record results despite ‘struggling’ market

Auction House, which works with estate agents in a network of 40 salerooms, has reported a record July.

It offered 592 lots, and sold 458, to raise £51.8m.

The results for 2019 so far sit at 2,195 lots sold, which is nearly 8% ahead of the whole of last year.

Founding director Roger Lake said: “Once again, our model is delivering well in a marketplace best described as struggling rather than stable, variable rather than consistent, and extremely price sensitive.”

Lake, who said that Brexit does not seem to have affected the auctions market, has 24 auction sales lined up for next month.

x

Email the story to a friend

One Comment

  1. J1

    It’s own results don’t necessarily reflect the market

    Report
X

You must be logged in to report this comment!

Leave a reply

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.