The outlook for the property auctions market is “cautiously optimistic”, according to a NAVA Propertymark Advisory Panel Board member.

Matt Burrows explains that the first three months of this year “started positively”, with strong performance across its auctions.

“We have sold approximately 90% of all lots offered, and entry levels have remained steady, which is encouraging given the wider economic backdrop,” he says.

“Buyer demand is still evident, as demonstrated by a full room at our most recent auction and competitive bidding on well-priced stock.”

Lots that are not positioned competitively are seeing limited interest, which reinforces the importance of realistic pricing in the current market.”

However, he warned that there is “clear price sensitivity” in the auctions market.

He explains: “Lots that are not positioned competitively are seeing limited interest, which reinforces the importance of realistic pricing in the current market.

Buyer confidence

“Overall, the outlook is cautiously optimistic. That said, there are several external factors that will need to be monitored closely in the coming quarter, including geopolitical tensions, particularly in Iran, the direction of Bank of England base rates, and the trajectory of inflation.

“These will all play a role in shaping buyer confidence as we move into the second quarter.”

His comments follow data from the Essential Information Group (EiG), which found that auction activity increased dramatically across all crucial measures in January.

A total of 2,162 lots were offered in the first month of this year, up 47% year-on-year.

Meanwhile, in February, a total of 4,534 lots were offered nationally, up 6.7% on February 2025, while sales rose by 6.2% to 3,274 lots sold.