Auction House enjoyed its best ever first quarter of the year despite a steady succession of interest rate rises. Between January and March, the property auctioneer sold a record 892 properties from 1063 offered – a success rate of 83.9% and raising a total of £137,849,799. The figure is a 6.5% increase in the number of sales from its previous record first quarter last year, when the group sold 838 lots from 1042 offered (a success rate of 80.4% and raising £132,683,102 in the process). Auction House MD Jeremy Prior said: “This is another remarkable set of figures from Auction House – especially considering the wider economic position the market was facing at the time.”
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