Award-winning auction house has key to good growth

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Award-winning property brand Auction House has achieved its best-ever quarterly sales figures since its inception in 2007.

Between January and March 2013, the company – which is already the UK’s biggest residential property auctioneer in terms of lots sold - successfully auctioned 437 lots out of 547 offered (80%), raising almost £46m (£45.8m).

The figures were boosted by record February results, as well as two big performances in March – by Auction House Birmingham & Black Country, selling 26 of the 27 lots offered (96%) and Auction House West Yorkshire, which sold 27 lots from 38 offered (71%).

Roy Hawkins of Auction House Coventry & Warwickshire, which itself achieved an 87% success rate in its five 2012 auctions said: “This has been another significant stage in the company’s growth. With lots sold 17% up on 2012, the benefits of our regional network are proving themselves yet again.

“Time after time, we sell properties for higher prices by auctioning them locally through our 28 sales rooms nationwide. In fact, for some types of property, the resulting prices often exceed those achievable by private treaty.”

Mr Hawkins also believes that the property market may be showing noticeable signs of recovery.

He added: “Investor buyers have called the bottom of the market in many areas, and auction sale prices are rising on the back of increased buyer competition. Lot numbers are going up, and demand has certainly grown - with auction room attendances near to their pre credit crunch levels.”