The total raised from auction sales continued its upward curve, as £494.2m worth of property was sold (up 11% on February 2013), whilst the rolling quarterly figures show an even bigger gain in this regard as over £1bn was raised - up over 16% from the previous year.
Positive figures are prevalent across both the residential and commercial sectors, aside from a slight dip in the residential percent sold for February (down 1% to 78.2%). The largest increases are seen, unsurprisingly, in the total raised figures, highlighted by the 15% rise achieved in the residential market during February alone (up to £355.8m from £309.3m).
The commercial market also fared well in February, with lots sold up 9% to 662 lots and a healthy 78.3% sale rate (up from 73% last year). It has been a productive 3-month period for commercial auctions, as the rolling quarterly figures show a 12% rise in lots offered and an 18% rise in lots sold.
