Auctions
News covering residential property auction activities and the companies who offer auction services to estate agents, property investors and landlords.
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Auctioneers report £623m property market ‘bounceback’
David Sandeman of EIG reports that up to February 2024, the UK property auction market saw substantial growth across all year-on-year metrics.
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My Auction and Bamboo merge to create online auction powerhouse
Rocket Auctions will offer agents the ability to sell properties online through Bamboo’s tech platform and Stuart Collar-Brown will be in-house auctioneer.
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A ‘lot’ of sales at plummeting prices
The auction market review for 2023 from Essential Information Group shows a decline in average sale prices amid a rise in lots sold.
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A third of auction bidders DO NOT look at legal packs
Essential Information Group’s recent auction review has revealed what due diligence bidders take before auction day.
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Estate agency agrees to change misleading ads after complaint
Town & Country Estate Agents will ensure future adverts make it clear if a property has a leasehold or freehold title.
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INDUSTRY FIRST: Iamproperty auctions now sell 1% of all homes – claim
Boss Jamie Cooke says that despite some market uncertainty last year’s demand for auction is showing no sign of slowing down.
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Property auctions report sales surge but slipping prices
The residential sector saw a 14.7% surge in sales but more conservative growth in total with the average sale price dropping to £168,453.
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Record-breaking sales of £641 million raised by property auctioneer in 2023
Auction House boss Jeremy Prior reveals the group had 6,622 properties going under the hammer last year – an increase of 34%.
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‘Past year has been a challenge so what next for property auctions?’
IamProperty’s Jamie Cooke takes a look at the prospects for the auction market over the next 12 months and what will be driving demand in 2024.
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Proptech group in major recruitment drive following nine figure investment
Iamproperty Co-Founder Jamie Cooke says new Associate Auction Specialists will manage relationships with the Group’s network of agents.
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