This report is based on responses to a survey of Propertymark member agents. Analysis is based on data provided by around 30 agents across the UK and a variety of third-party data including data from the Bank of England, ONS and HM Land Registry.
“Considering the many factors currently within the wider global economy, all of which have the potential to affect the auctioneering profession, we have witnessed a strong first quarter during 2025.
“Across England and Northern Ireland there was increased momentum as many people worked with urgency to both buy and sell stock before Stamp Duty threshold changes took effect. However, with interest rates gradually starting to track downwards, we expect to see a robust second quarter regarding property heading through the auctions system.”
“It is massively encouraging to see the popularity of auctioneering continuing to show momentum, with the profession continuing a transformational push towards offering an even wider selection of targeted solutions that resonate with client demand.
“It is particularly pleasing to see that 72% of our members report that online methods of interaction are the most popular way to conduct their business. It is also positive to see that 24% of our members reported that lots had exceeded initial reserve prices, which is a true compliment to the ability that auctioneers have to deliver value to sellers”.
