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South Wales Auction House Properties up 47% on Previous Year

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The UK’s largest auctioneer, Auction House, which has branches in South Wales has reported a further year of growth during 2018, with Welsh sales jumping 47% on the previous year to more than £12.5 million (£12,552,294).

Part of the national Auction House brand, which sold 3,680 lots from more than 5,000 offered for sale across the UK, Auction House South Wales sold 139 of the 204 lots offered across seven auctions, representing a success rate of 68%. The group has also seen the average South Wales property sale increase to £90,000 – bucking the national trend of a 7% downturn.

Commenting on the continued growth, Mick Haywood, Auction House South Wales managing director, said:

“This is a remarkable result for 2018, especially against such an ever-challenging backdrop, where the property sector has seen a national drop of around 7% in the last year.

“Our early listings for the 2019 auctions are already looking good. There are currently more than 220 properties due to be offered in forthcoming sales, including around 20 lots in our national online auction that takes place on 24 January. We will host 12 further online auctions through the course of 2019.”

The figures for December were also well ahead of expectations. Last month the group sold 430 lots from 612 offered – a success rate of 70.3% with over £50m raised (£52,792,108).

The group has found that many vendors are looking to sell during this tax year and before 29th March when the UK exits from the EU. For that reason, they expect entry levels to stay strong in the first quarter.

Mick Haywood added:

“Whilst buyer numbers were down in the final quarter of last year, we didn’t experience the dramatic drop forecast by many. Local knowledge and keen pricing are the key ingredients for successful auctions in a difficult climate, and Auction House, with its 40 UK branches, is best-positioned to deliver.”

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Over the past 6 years, Rachel has been working specifically within the digital marketing space and has worked with some of the country’s top brands. During this time, Rachel was a key attribute to the success of our sister product, Recruitment Buzz, which has firmly established itself as one of the leading publications within the Recruitment sector. Drawing on her knowledge and experience, Rachel has developed a genuine understanding of how content can engage and compel an audience.

Having a passion for travel and culture, Rachel left her hometown of Cardiff to pursue studies and travel and after several years away, Rachel returned to Cardiff and firmly established herself within the development of Business News Wales. Rachel is now responsible for every aspect of web management, marketing and overall production of the Business News Wales brand.

Having learnt some invaluable skills within the marketing industry, Rachel is often called upon for her skills and knowledge of WordPress, HTML, email marketing software, Photoshop design and social media tools.

 

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