Buying property through auction: what you need to know

Buying property through auction: what you need to know

Whether you're a pro or new to buying property, it can be a daunting experience with various obstacles along the way. However, buying at auction offers many benefits to homebuyers that you may not expect, including enhanced security and transparency to keep you in control and informed every step of the way.

These benefits ensure that buying at auction is no longer just for the experienced investor. However, as more and more property sales are completed via auction each year, it's increasingly important that buyers can sort the facts from the fiction and truly understand the auction process.
We reveal three of the most common misconceptions buyers can face when considering an auction property:
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Many wonder why some Attleborough homes stay on the market longer than others when browsing property portals like Rightmove or Zoopla. While issues like pricing or property condition may seem to blame, delays often stem from poor marketing, unrealistic expectations, or changes in the sellerโ€™s circumstances.

This week's update provides a statistical analysis, offering insights into whatโ€™s happening and shaping the UK Property Market, week ending Sunday 2nd March 2025.

The market continues to demonstrate resilience with buyer enquiry and new seller numbers remaining ahead of the same period in 2024. Despite decade-high choice for buyers, the average property price increased 1.4% (+ ยฃ5,312) this month. This is ahead of the average April increase and sets a new record of ยฃ377,182.