LETTING & ESTATE AGENT

More properties find their way into auction sales rooms

More properties find their way into auction sales rooms

Only 53 property auctions took place in August, the Essential Information Group has reported

Lots offered and sold were both up on 2012 by 10% and 17% respectively, while the total raised jumped 36% to £65.7m.

EIG also reports that 815 more lots were sold in the three months to the end of August compared with the same period in 2012 (a 16% increase), while over 1,100 more were sold in the year to August (a 4% increase).

Most of the lots sold in August were residential. A total of 874 homes were offered and 633 sold – a success rate of 72.4%.

By contrast, in August 2012, 776 residential lots were offered and 534 sold, a success rate of 68.8%.