Fewer buyers are taking a chance on auction properties, despite an uplift in the number of sellers looking to utilise auctions as a route to help sell their home.
UK property auction house, Allsop, has announced that it has raised more than £100m over a two-week period in September through its residential and commercial auctions.
Auction House London found that as belts tighten for sellers, fierce bidding battles for properties with potential are driving sales in the auction room.
There has been a notable rise in the number of vendors choosing to sell their properties under the hammer in the past year, according to new research from Moverly.