Property Auctions Insights

In our second edition of 2024, we delve into the significant transformations in the auctions market over the past five years, examining shifts in the types of properties coming to auction and the impacts on auctioneers.

Kicking off our 2024 insights, we have taken a retrospective look at the performance of property auctions over the previous year, alongside an analysis of how property yields have been influenced by the prevailing economic conditions.

2023 has indeed been a rollercoaster ride for the property auction scene. With house prices taking a dip, success rates on the decline, and an unprecedented surge in entries, dissecting the data becomes a crucial endeavour. In this conclusive edition of Property Auction Insights for 2023, our focus delves into the mysteries surrounding withdrawn or unsold properties, aiming to uncover the reasons behind the shifts in the auctions arena.

In the realm of property auctions, knowledge is key, and Property Auction Insights is your ultimate source for unlocking the secrets of this dynamic market. As we venture into our third instalment, our focus turns to an in-depth review of two crucial aspects: the escalating growth within auction entries and the geographical tapestry of the country's most coveted roads for auction sales.

With the impending summer heat waves due to hit the UK through June, we wanted to see where the hottest spots are across the country for property auctions. We have found counties which have seen a huge spike in the number of properties going through auction over the past five years, as well as those bucking the trend and generating larger increases in average sale values too. So, let us look at what is happening directly in your county or region, find out where the biggest growth areas are, where the market may be shrinking, and if auctions are a pre-cursor to what is happening in the rest of the market.

Since 2006 we have released a monthly newsletter which details the insights from the previous month’s auction sales across the country. This data includes information at a national level as well as by region, also splitting down by residential and commercial property types. However, with the data we collate from across the property auction industry, we knew we could carry out deep-dive analysis to help provide an even greater understanding as to what is really happening in the property market.