No longer just a domain for investors, developers and property dealers, the auction room is now the preferred option of buying and selling property for a wide range of people seeking a fast and secure method of sale.
With no chain, a fixed timescale and a reservation fee at the fall of the gavel, the process brings greater confidence for all parties and promotes smoother transactions, without fear of the deal falling through at the eleventh hour.
According to Propertymark’s auctioning experts, confidence in the auction market is expected to remain steady in the year ahead.
NAVA Propertymark members note that auctions continue to provide a structured and transparent route to sale, with demand from both investors and end users supporting ongoing activity across the sector.
Matt Burrows, NAVA Propertymark Advisory Panel Member, said: “The outlook is positive. Early indicators suggest renewed confidence, with the February auction already shaping up well. Improved sentiment, greater pricing realism and more stable economic conditions should support increased activity and allow auctions to capitalise on pent-up demand.”
Richard Worrall, immediate past president of NAVA Propertymark and advisory panel member, concurred: “I am very optimistic. Buyer sentiment appears more positive, the certainty of sale at auction is becoming increasingly appealing to sellers, and we are now selling far more properties to ‘end users’ than at any point in my career.”
The last crash in 88 led to auction room madness and this current one brewing with Landlords cashing out could be like the last chance saloon.
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