The summer of 2025 has certainly bucked the trend when it comes to buying and selling property. Usually a time of softening activity, we have consistently raised the bar as the season wore on.
We hosted our biggest ever weekly national online auction on the 19th August with 96 lots going under the hammer. This event consequently set new records for the number of lots offered and the amount raised, easily surpassing previous benchmarks set on the 29th July, in which 90 lots were offered.
As a result, we posted strong figures in August: in total, the four weekly national online auctions offered 205 properties, raising a fantastic total of £10,811,201.
The landmark results this summer have subsequently bolstered our strong performance since the start of 2025. In the year to date, we have offered 1,612 lots in our national online auctions and raised £76.6 million. This marks a phenomenal 40% increase in sales from the same period in 2024.
Lots of interest
On the 19th August, the property that attracted the most interest was 115 Longfellow Road in Coventry.
This was a house in need of major renovation. By the close of auction, 111 bids had been submitted from 11 separate bidders, demonstrating the strong appetite of developers and renovators.
From strength-to-strength
Commenting on the results, National Commercial Director Oliver Prior said: “Our weekly national online auction has gone from strength-to-strength this year, with the summer producing some truly exceptional results. These figures demonstrate the growing popularity of both online events and property auctions as a whole.
“Property auctions offer both speed and security: vital advantages in a market that remains uncertain. Knowing that the sale will go through after the hammer falls gives sellers much-needed confidence. Buyers, on the other hand, are reassured by the transparency of the process and the short timelines between exchange of contracts and completion, which is normally 28 days.
“This summer has really surpassed our expectations – we cannot wait to see where the rest of the year will take us.”
Find out more about Auction House
If you’d like to learn more about selling your property or land at auction, you can book a free, no-obligation valuation on the Auction House website. Buyers can also visit the site to view all the properties currently available.
