Huge discounts are being secured at auctions and sellers should be wary, according to Open Property Group.

Rocket Auctions, a newly formed subsidiary of the Bamboo Group, will offer estate agents the ability to sell properties by online auction through Bamboo’s technology platform.

The UK auction house raised over £52m in its February residential auction

Though normally a quiet period for auction sales, January 2024 has been classed as the busiest-ever January in property auction history, according to Essential Information Group data.

The UK auctioneer has reported selling 616 lots during the month and raising a total of over £83 million - a February record for the company.

January 2024 has become the busiest ever for UK property auctions

Allsop's latest auction saw 260 lots sold representing a success rate of 85%

Daniel Gale, Head of Auctions at First For Auctions, looks at the reasons why purchasing property at auction can be a wise and profitable choice, highlighting how it is less reactive...

Selling your home via auction can appear daunting if it's your first time, so here is everything you need to consider and what to expect according to Propertymark.

The auction house has released the catalogue for its February residential auction, featuring 375 lots across the UK.