The amount raised at auction continues to swell as the hammer fell on £238.5M worth of property - up 9.8% on 2013, whilst the rolling quarterly and yearly figures show substantial gains in revenues of 21% and 14% over their respective periods last year.
David Sandeman, Managing Director at EI Group commented:
“Last month I reported on record breaking figures due in part to a major London residential auction house holding their Spring sale in March this year compared with April last year. Therefore I was anticipating a slight downturn in this month's residential figures, however it is pleasing to see gains made in every aspect of the residential market when compared with last year.”
The commercial market enjoyed another very positive month, with a 16% increase in lots offered and a 12% increase in lots sold. In fact the sustained growth seen in this sector over the last 6-12 months is highlighted within the rolling quarterly and rolling yearly figures, as double-digit increases were made in both lots sold and total raised.
