By using this website, you agree to our use of cookies to enhance your experience.
Graham Awards


Online auction sees record lots for December event

Online sales platform My Auction is predicting its busiest auction of the year for December with entries up 77 per cent on just two months ago. 

The number of lots per auction has steadily increased throughout the second half of 2022. September to October each saw an increase of 50 per cent in the number of lots. 

Auction values have also subsequently increased in line with rising lot numbers with My Auction’s December lots combined worth circa £3m - the highest seen this year. 


Stuart Collar-Brown, the platform’s director, says: “Given such political turmoil, it’s natural that the interest in property auctions is growing. We saw this back in the crash of the 1990’s and then again in 2008 when the last financial crisis happened. In such uncertain economic climates, auctions offer a very viable way to buy and sell property quickly and efficiently with far less stress than buying through traditional private treaty sales. 

“Property auctions provide a useful barometer of the property market, often offering an early steer of the direction the overall market is heading in. With base rates increasing, mortgage rates rising, not to mention the looming recession and cost of living crisis, it’s no surprise that traditional residential property sales are taking a hit. During a market downturn, property auctions offer everyone a sensible route to market and we expect interest to continue rising as we head into 2023.”

My Auction’s next auction goes live on December 13 and closes at 4pm on December 14. 

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions.
If any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals, then the post may be deleted and the individual immediately banned from posting in future.
Please help us by reporting comments you consider to be unduly offensive so we can review and take action if necessary. Thank you.

  • icon

    Yep, more PRS landlords are forced to sell up & reduce their rental portfolio due to unfair laws weighted towards tenants, and govt bureaucracy, unfair judicial systems encouraging, protecting rogue tenants U.K. wide.

    Not worth taking the stresses of being a landlord when the Govt as well as opposition politicians are intent on getting rid of private small landlords by rent controls whilst increasing landlords costs by additional admins, statutory requirements & removing the facility to immediately evict rogue tenants.

    Homelessness is going to continue increasing unless laws are made fairer to allow evicting rogue tenants and no rent controls, to encourage more small entrepreneurial landlords in providing safe homes, thereby reducing homelessness by default.
    Best wishes to Good landlords and good tenants.


Please login to comment

MovePal MovePal MovePal
sign up