No longer just a domain for investors, developers, and property dealers, the virtual 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, including those looking to beat the stamp duty deadline.

Auction House London is among a host of property auction firms to see a significant rise in buyer demand in recent weeks.

The company says it broke all its own records with its highest ever single auction, raising £31.2m in its latest sale earlier this month.

More than 1,000 bidders took part in the livestream auction, with 115 lots offered and 90% of stock selling under the hammer.

Auctioneer and director of Auction House London, Andrew Binstock, said: “It was an exciting auction full of endless bidding wars, some of which went on for more than ten minutes.

“The market is booming and there continues to be an insatiable appetite for property from buyers. It seems as if people are making hay while the sun shines. No one knows how long this will go on for but it’s a brilliant time to sell.”