Auction sales in February struck a new high, with business back to pre-credit crunch levels.
The overall figure of 3,083 lots sold is the highest since 2007, but contained both residential and commercial lots.
The number of residential lots was actually 2.4% down on February last year at 3,135, but sales were up 5% to stand at 2,480, creating a success rate of 79%.
The total amount raised was also up, by around 5.3% year on year, bringing in £309m.
David Sandeman of Essential Property Information Group, which monitors all property auctions in the UK, said the marketplace was both confident and competitive, with increasing demand for keenly priced lots from cash-ready buyers.
Altogether, there were 132 auction sales last month.
Meanwhile, Network Auctions has further evidence of the interest in sales. At its latest auction, there were just 28 lots on offer, but a total of 1,812 legal documents including 376 full auction packs were downloaded beforehand, and the sale was watched by 185 people by video link and a further 1,800 via social media.
The sale was notable for one lot, a residential property in Sheffield, which had a guide price of £66,500 and went for £91,000. The property had been available in the open market as recently as last month at £84,950.
The sale achieved a success rate of 22 out of the 28 lots.
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