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Auction House September entries at record high with sales outperforming sector by 15%
25 September 2019

Auction House Robinson & Hall is part of the UK’s leading property auctioneer, Auction House UK. 846 lots were entered into September auctions this year, more than in any month in the 12 year history of the company, and this is likely to be a national record for the industry.

Focusing on Auction House Robinson & Hall, we have sold over 80% of lots this year so far and have a 27 lot auction next month (on 8th and 10th October), over 20% more than the October auctions last year and more than other auctions this year.

Commenting on the results, Charles Lovell, Head of Auction House Robinson & Hall, said: “These figures prove that despite media reports of problems in the property market, Auction House continues to buck the trend. The most recent statistics suggest that the auction industry has suffered a fall in sales of more than 10% over the last 12 months, which means that we are currently outperforming the sector by around 15%.”

Charles continues: “If you are considering sale by auction and would like to sell your property before Christmas then act quickly. We are now taking lots for our December auctions on 4th and 5th December; deadline to enter a lot is 8th November. Owners of vacant properties and land should take note that it is much better to sell your properties prior to the winter weather setting in.

Upcoming taxation changes are driving many investors to sell off their rental properties. Those with buy-to-let mortgages really should sell with tenants still in situ. That way, mortgage repayments can continue to be made from the rent received. There are still large-scale landlords buying such stock, and plenty of refurbishment specialists who would acquire and carry out improvement programmes.

The stock being offered at our auctions is very diverse, and with the higher number of lots we are now listing, buyer opportunities are greater than ever before.”

Our auction results can be viewed here. A good example of a lot selling particularly well is the former public convenience in our August auctions which sold for 6 times the guide price! Our auctioning your land booklet also provides some fantastic case studies of successful land sales.

For further information about auctions or to book a no obligation auction appraisal, please contact Charles.

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