Loveitts held their 2nd Auction of 2012 last Wednesday and the results are very encouraging.

Over 200 people filled the event room at the Allesley Hotel in Coventry, on a fine Spring evening. The bidding was strong in the room and there were many Lots that sold for well over the Guide Price. There were an encouraging number of bidders in the room which suggest that confidence levels are rising in the property market, providing that the pricing is right in the first place.

“For Buyers, with the bank interest rates being so low, investing in the property market is still a great place to put their money. For Sellers, selling through auction can bring a quick secure sale and the best possible price, “ commented Sally Smith, Auction Manager and Associate Director at Loveitts. “ The March Auction is always a good indication of the current state of the property market, and we have all been very encouraged by the overall success of last weeks Auction. With over 80% success, which is well over the National Average, we are looking forward to our next auction in May to see if the market continues to be so encouraging. Selling property over the past few years both on the open market and at auction has been very tough, so we are keeping our fingers crossed that perhaps things will improve this year”.