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There was a time when estate agents and auctioneers worked independently even though the aim was the same: to achieve the right price for a property and have a long list of satisfied buyers and sellers, however, the industry is now seeing a growing relationship develop with favourable outcomes.
Richard Worrall, the newly appointed President of NAVA Propertymark, shares his vision for the auctions division, outlining his ambition to help grow the membership fuelled by his drive and determination to make a difference.
Our latest report has revealed that online auctions, particularly non-live formats, have gained popularity and surpassed traditional ballroom auctions, indicating a potential long-term shift away from in-person auctions.
Responding to the Department for Levelling Up, Housing and Communities (DLUHC) consultation on High Street Rental Auctions (HSRA), Propertymark states empty properties can become magnets for anti-social behaviour and vandalism, impact a location’s economic performance as well as impact positive footfall risking the viability of other businesses nearby resulting in threats to job opportunities.