Business

Large property auction planned

BELFAST property agents Osborne King confirmed yesterday that it has planned another major auction for March.

It'll be the ninth such auction organised by the consultancy since September 2011, with the previous eight raising approximately £14.5 million, with an overall disposal rate of 93 per cent, which is considerably greater than the current UK industry sale rate of 78 per cent. Osborne King's most recent auction in November resulted in a 92 per cent sales rate, raising almost £2.8 million following on from its second auction of the year which resulted in 96 per cent sales rate.