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2,000 lots sold milestone reached by Auction House

Monday 28th September 2015

Written by Matthew Lane

Auction House has gone past the 2,000 lots sold milestone for 2015, a whole two weeks earlier than last year. 
Another auction room also launched under the brand in September, this time located in Nottingham. It will be operated in association with HEB Chartered Surveyors. 
“The Auction House footprint has grown over the last year, our network of 40 auction rooms now has a national market share of over 12% of auction sales and our expansion continues amidst challenging trading conditions for the sector,” Roger Lake, Founding Director of Auction House, said. 
“It’s good to add a Nottingham sale room to our network and to have teamed up with Matt Hilton and his colleagues at HEB. This new addition to our ranks will strengthen our presence in East Midlands, and make the brand active in a territory where sale by auction is already popular.”
Lake added that the company is witnessing a large resurgence of interest in renovation projects. This comes as more local buyers seek out properties to revamp, with one of the ‘3-Rs’ in mind – to reside, to re-sell or to rent.
“Buyers are seizing opportunities to increase the value of such homes, by carrying out improvement works, thereby adding future profit,” Lake continued. “And the competition for stock is why they are selling for strong prices in our 40 sales rooms across the UK.”

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