Property Auction Houses in the UK - Industry Market Research Report

Going once: Huge revenue growth in the aftermath of COVID-19 has been cooled by climbing mortgage rates

Following the 2007-08 global financial crisis, UK auction property sales accelerated, climbing around 25% between 2010 and 2013. According to the Essential Information Group (EIG), auction volumes stayed high from 2013 to 2018, with around 20,000 yearly property auction sales taking place, but they then dipped by 10% through 2020. Modern auctions allow mortgage buyers to take part in auctions, leading to higher bids and sales prices and attracting higher-value properties into auctions. Climbing UK house prices have also dragged up the average value of an auctioned property, supporting revenue growth, particularly over 2021-22. Companies in this industry facilitate the public sale of a property, either by a homeowner, homebuilder, the government or a bank. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.