Essential Information Group
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Commercial property auction sector raised nearly £117m in Q2
Latest data show sale volume down from the Q1 level of £175m
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Healthy resi results buoy auctions market during summer lull
August saw 30 auctions raise a total of more than £117m, up 5% year-on-year
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Growth marches on as auction sales top £432m
The auction sector raised a total of £432.8m in March, up 13% on the same month last year
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February auctions bounce back from Covid slump
The total raised at auction last month was only 6% below the last full month before lockdown
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Auction revenues enjoy 2021 bounce-back
More than £4bn of property was sold at auction last year, up by almost a third on a challenging 2020
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Big ticket lots push Q3 auction total to £1.11bn
Figures from EIG show there is a lot of cash in the market looking for a home
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August auction sales 51% up on 2020
Strong resi demand throughout the summer pushed the amount raised from sales in August to £112m
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Auctions prove resilient with £3.3bn sales in pandemic year
Residential sales buoyed by stamp duty exemption, while commercial sales saw steeper drop
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November bounce for auction sales
A total of 1,351 lots were offered at 39 sales in November 2020, with 71% selling
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September results show auctions sales powering through Covid crisis
EIG data shows that auction receipts were up almost 40% on the same month last year
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Auction revenues down year-on-year but success rates hold up in May
EIG data shows that auction receipts were down just shy of 50% year-on-year in May
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Auctions takings halve in April, but results ‘a credit to the industry’
Auctioneers held 485 online and remote-bidding-only sales in first full month of lockdown