WHAT A GOOD YEAR FOR AUCTIONS

Loveitts Auctions are delighted to announce a record year for money raised by sale at Auction. Over £8 million worth of property has been sold by Loveitts Auction in 2010.

Sally Smith, Auction Manager, said ‘the partners at Loveitts and I are delighted with the final results for the year. Despite a tough property market, we have consistently remained above the National Average for Auction success rates. The key to a successful sale is realistic pricing. This ensures that plenty of interest is generated and prospective bidders turn up on the night of the Auction. Experience tells us that the more interest generated, the higher the price achieved on the night’

David Sandeman, Managing Director of EIG Group has commented on the National auction market “ it has been a tough year for the industry, though compared with the private treaty market the auction market has been very resilient to changing market conditions”.

Loveitts are holding their next Auction on January 26th, 2011, and Lots will be taken until 7th January. Auctions are held every 2 months with the Spring Auction being on 16th March. If you are considering selling your property at Auction please do not hesitate to contact the Auction Team on 02476 527789.