Auction House – operating as Auction House Cumbria in your area says that its latest record sales figures prove that buyers are still snapping up UK property, as long as it is correctly priced.

Between the start of January and the end of August, the group successfully sold 2,913 lots, compared to 2,424 last year – a rise of 20%. In the month of August alone (traditionally a quiet month for auctioneering) the group sold 269 lots, compared to 242 the year before – an 11% increase.

Colin West, Auctioneer said: “These latest statistics prove what we have always said: that properly-priced property will always sell, even in the most challenging of markets. And let’s be honest: things are undeniably difficult out there, with a lack of buyer confidence and increased uncertainty.

“Nevertheless, the careful pricing strategy carried out by our network of regional auctioneers continues to reap dividends. That means while overpriced stock lingers in estate agent windows across the UK, our auction rooms are still seeing genuine interest from canny buyers who recognise the right prices when they see them.”

Colin says that in contrast to estate agency, the nature of the auction process regularly drives prices upwards, assisted by talented auctioneers determined to squeeze the maximum value out of every lot they sell.

He explained: “The key difference is that estate agents will often initially list a property with a maximum price, in the expectation that they may have to discount it later. By contrast, auctioneers value each and every property realistically, knowing that the correct level will be found in the auction room. That’s why we’re bucking the trend and seeing sales figures rise rather than fall this summer.”

Our network of regional auction rooms means that each team has an unrivalled knowledge and perspective on their local market. Remember - they want to sell your property too; so trust them. And despite all the commentary to the contrary, you too could still sell your property in these challenging conditions.”

We are now taking lots for our next auction on Thursday 7th December, please contact the office on 01228 510522 or visit the website to arrange your FREE auction appraisal. Suitable auction lots include, residential, commercial or mixed use properties either tenanted or vacant and development sites including building plots or amenity land.