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Auction turnover leaps 24% in first half of 2002

Series: Focus ; 2 September 2002, 1(1)Publication details: 2002Subject(s): Summary: During the first six months of 2002, £699m of commercial property was sold in the auction room, up 24% on the £560m sold in the same period in 2001. The number of commercial properties sold at auction only increased by 7.6%, but the average value of all commercial lots sold increased by 16% from £298 676 in the first half of 2001 to £346 110 in the first six months of 2002, according to the latest "Focus auction guide analysis". The survey ranks auctioneers by performance and is available to download from http://www.focusnet.co.uk/index.htm?action=view&oid=173

During the first six months of 2002, £699m of commercial property was sold in the auction room, up 24% on the £560m sold in the same period in 2001. The number of commercial properties sold at auction only increased by 7.6%, but the average value of all commercial lots sold increased by 16% from £298 676 in the first half of 2001 to £346 110 in the first six months of 2002, according to the latest "Focus auction guide analysis". The survey ranks auctioneers by performance and is available to download from http://www.focusnet.co.uk/index.htm?action=view&oid=173