Rising interest rates having little impact on buyer demand📈
UK property auctioneer, Auction House, has reported its best-ever first quarter of the year, despite a steady succession of interest rate raises being announced by the Bank of England throughout the period.
Between January and March, the firm sold a record 892 properties from 1063 offered – a success rate of 83.9% and raising a total of £137,849,799. This marks a 6.5% increase in the number of sales from its previous best-ever 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). To continue reading, please Click Here