Allsop has revealed it started 2022 with a near-perfect (91%) success rate in its February auction. The UK property consultancy raised £34.7m from 57 lots, with almost a third of successful buyers having never purchased at auction before. This is nearly double the proportion before the pandemic. Some 32% of lots were purchased by first-time auction buyers, up from 17% in 2019 and 20% in 2020. Meanwhile, the average lot size in Allsop’s February auction rose 19% on December’s average, as more than a fifth of lots sold from over £1m.
Allsop achieves 91% success rate in first commercial sale of 2022
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