Network Auctions' latest event sees sales hit £5.4m

The NAVA Propertymark member says that sales have surged this year, with 2024 already proving to be a much busier year for them.

Related topics:  Auctions,  Property,  Sales
Property | Reporter
25th March 2024
Auction 822
"2024 is proving to be a terrific year for auctioning in general, with this option becoming very popular for both buyers and sellers"
- Richard Worrall - Network Auctions

According to the latest figures released by Network Auctions, they have listed 49% more lots this year compared to the same period in 2023. This translated into a 45% uplift in the amount raised over their two auctions in February and March 2024 compared to the same period in 2023.

Furthermore, the firm has achieved an 84% sales rate across both sales, with their last event achieving £5.4 million worth of sales alone.

Richard Worrall, NAVA Propertymark President, and auctioneer at Network Auctions said: “2024 is proving to be a terrific year for auctioning in general, with this option becoming very popular for both buyers and sellers.

"With Network Auctions witnessing a boost in sales, this shows that we are delivering excellent customer service to those who choose to use our business. It also makes a difference if the auctioneer a consumer uses is NAVA Propertymark certified, as you will then know that the auctioneer will behave to a higher ethical standard than the law expects.

"Make sure that when you are choosing an auctioneer that they are NAVA Propertymark certified.”

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