UK commercial property portal, Movehut, has announced that leading auctioneer Auction House has begun advertising all its upcoming auction lots on the Movehut website.
During 2012, Auction House was recognised as being the UK’s largest residential property auctioneer, based on number of lots sold. The franchise business sold 2,085 lots during the year, raising over £200m, from 146 auctions held in 28 venues. The current year promises to be busier still, with over 3,000 lots going under the hammer in 165 auctions across 30 auction rooms nationwide.
Commenting on its new client, Justin Bates, CEO of Movehut said, “We are very pleased to welcome Auction House to the Movehut website. Our respective businesses are experiencing very strong rates of growth as both the popularity of online commercial property search and auction sales are increasing. As well as being a leader in the residential market, Auction House entered 2013 as one of the top five auctioneers of commercial property and this looks set to be a growing part of their business. We look forward to helping the Auction House team build on their already considerable success.”
Roger Lake, Founding Director of Auction House said, “As the UK’s leading property auctioneer, we take the marketing and promotion of all our properties very seriously. It’s important that any outlet we choose provides us with the sort of coverage, flexibility and impact that has allowed us to deliver record quarterly sales figures in Q1 2013 – namely 437 lots sold, a success rate of 80%, raising over £45m. We believe Movehut provides the perfect match for our needs, and fully anticipate it playing an increasingly important role as we continue to grow our business.”