Pattinson Auction started the new decade on a strong footing with 2019 providing one of their most successful years to date.
As well as a 42 per cent increase in capital value of properties, Pattinson Auction also saw an increase of 53 per cent of units sold, compared to 2018 and its partnership with agents exceed expectations. Not only was there a 38 per cent increase in the Partner Agents, there was also a substantial increase in the percentage of properties Partner Agents were referring for auction.
Although buyers are still attending live auctions, there was a significant rise in online auctions during 2019. Offering flexibility, online auctions ensure that buyers can still secure a property bargain even if they are unable to attend the live auction.
The portfolio of properties sold via auction in 2019 was one of the most diverse. From investment properties to family homes and everything in between.
Auction Director, Justin Beckwith, said, “I am thrilled with the growth in 2019 and I’m feeling very optimistic about 2020. Last year we certainly saw an increase in vendors and buyers turning to auction as a first attempt rather than a last resort due to the benefits it offers such as speed, transparency and security.”
Pattinson Auction has been operating for over 25 years. Since their first auction in 1992 they have exchanged over 36,000 properties resulting in £3.8 billion of total property value exchanged. As well as UK wide online auctions they also hold regular live auctions across the UK.