The latest figures released by, iamproperty, has revealed that its auction service, iamsold, raised over £84m through its lots sold at auction in November, surpassing all previous records.
The auction specialist’s latest figures represent an increase of almost 25% on the previous month and almost 60% on the previous year.
Jamie Cooke, co-founder at iamproperty said: “The market conditions have meant that this year has been full of highs, including the SDLT holiday, the appetite for auction from agents, buyers and sellers and the increasing popularity of online methods. We’ve seen consistently high figures across the year, and we’ve continued to add more Partner Agents to our network, including our recent partnership across all four branches of Arun Estates. This has meant more and more consumers are being introduced to different methods of sale to match their circumstances, including the Modern Method of Auction.
"As it’s close to Christmas, many people see November and December as a deadline, either to move home or to access income from their property sales. With 56-day turnarounds*, MMoA can provide real benefit in terms of speed and security, whilst Private Treaty completion timescales remain higher than ever.”
It's been a year of good news for the residential auctioneer, including an industry-first integration with Rightmove in April 2021, topping the EIG annual auctioneer league table, and an award win at the ESTAS for ‘Supplier of the Year – Auction’.
Jamie concluded: “We’re incredibly pleased with our achievements this year but none of that would be possible without the support of our Partner Agents and their trust in our proposition. We’ve shared this success with them and we’re gearing up to finish this year on a high with a great start to 2022 in front of us.”