Property Auctions Market Update January 2025

27 January, 2025

Last year was a hugely successful year for the auction department and we are hoping to emulate that again this year. 2024 was a year of interest rate cuts by The Bank of England which certainly influenced activity, and the financial experts are telling us that there will be further interest rate cuts in 2025.

Our final auction of 2024, hosted on the 11th December proved to be very successful, selling 10 out of the 13 lots available, achieving a fantastic sales ratio of 77% and £2.29 million in sales.

The most important thing to remember when selling by auction is, a successful sale results in an immediate exchange of contracts, with completion agreed for 20 working days thereafter making the whole process much quicker and more efficient.

If you have a property to sell that you think might be suitable for Auction, please contact us on 023 8047 4274 or auctions@pearsons.com or your local office.