Auctioneer Network Auctions recently held its final event of 2018 which turned out to be its best performing December auction for over a decade.

The event, held at Grosvenor House Hotel in London on December 13, raised a total of £5,374,500.

The final figure represents almost £2 million more raised than in the Network Auctions December auction in 2017. 

“Market conditions remain uncertain and those who are certain about wanting a sale are choosing auction as the most competitive way,” says Tony Limbrick, director of Network Auctions.

“We secured a number of sales prior, showing there’s buyer activity out there. Auction creates momentum for buyers and that’s something the rest of the property market is lacking right now.”