Welcome to our Q1 Online Auction Index
Our Online Auction Index is a first of its kind for the UK property market, and we’re launching this at a time when the Modern Method of Auction (MMoA) market has never been more active.
With Private Treaty timescales continuing to slow down and cause frustrations for everyone involved in the moving process, consumers are increasingly looking for a different way to buy and sell, and auction is offering them a compelling alternative. Q1 has been our highest selling quarter to date, with property sales up by 56%, Capital Value raised up by 48% and fees paid to our Partner Agents also up by 48%.
Each quarter the Index will evaluate the online auction market and set out predictions for the quarter ahead. It’ll also look at the great results auction is getting for Estate Agents and vendors, review performance and growth across the regions and explore consumer trends. It will be full of useful data to help agents keep their finger on the pulse of this growing market and support them in winning new instructions, by showing the success that vendors can enjoy with auction.
We hope you enjoy this first edition which evaluates January to March 2023.
In this session you’ll hear from Michele Gettins, Chief Marketing Officer at iamproperty, and Natasha McDonough, CEO of MMC Research, about how data can be used to accelerate your success.
Sarah Callender and Kelly Stillman explore how a motivation mindset can accelerate your success and discuss why consumers’ motivations run deeper than their need to buy and sell.
Auction is for premium products. It’s for every property, for every price range. If I had a Van Gogh painting, I would take it to auction. I would not sell it on the cheap with a small audience.
