Accelerating Auction Success – George Jowitt, Regional Director for National Home Move
We spoke with George Jowitt, Regional Director for National Home Move, to find out how our Auction solutions make a big difference to their work.
Welcome to our Q1 Online Auction Index, our market-leading focus on the UK’s residential online auction market
The first quarter of the year has got off to a strong start, signalling another year of growing demand for Auction. It’s no surprise the Stamp Duty Land Tax deadline has been a huge factor in the market in Q1, with everyone pushing for completions before 1st April, to benefit from the lower tax rates.
Between January and March, we supported our network with 2,878 property sales, with buyers and sellers turning to Auction for its guaranteed speed and security. Our Partner Agents offering Auction have certainly seen the benefits, delighting their clients with timely completions, as well as receiving 13% more in fees compared to the same quarter last year.
A huge pat on the back is well deserved to everyone in the industry who has been working incredibly hard to get these results for their clients.
Hear more on the quarter from our Co-Founder, Jamie:
"Q1 2025 has been a strong start, with Auction instructions up 20% year-on-year. Auction sets us apart in a crowded market; despite tougher mortgage conditions, reduced buyer activity, and the SDLT hike, it has kept our momentum where others stalled. One standout: a seller let down by two failed sales; we introduced them to Auction and secured a committed buyer within weeks."
"This was a record-breaking quarter. We saw our highest ever conversion rates from listings to sales, reflecting the strength of our partnership with iamproperty. Auction has helped maintain momentum, delivering strong results and a fast, secure, transparent route for sellers, even amid challenges like fluctuating mortgage offers and lower buyer activity, boosting trust, listings, and completions.”
iamproperty Auctions help agents succeed in any market, with a service that gives your clients an alternative method of sale to match their circumstances.
Fewer fall throughs with our 95% completion rate
Faster, 7-day payments
More choice and increased security for your clients
We spoke with George Jowitt, Regional Director for National Home Move, to find out how our Auction solutions make a big difference to their work.
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