Why Now Might Be the Moment to Act
Over the past few years, UK property auctions have seen a significant resurgence and the numbers prove it. In 2024 alone, lots sold at auction rose by 10.6%, and total funds raised increased by 13.9% to £5.5 billion. With the average sale price climbing to nearly £196,000, the auction market is thriving and so is interest from both buyers and sellers.
For buyers in Harrogate, and across North Yorkshire, this is more than just a trend- it’s an opportunity.
Why Property Auctions Are Gaining Popularity
The rise in auction sales isn’t just about market conditions; it’s also about how people buy and sell homes today. Here are three key reasons driving the growth:
1.? ?Greater Access Through Technology
The growth of online and livestream property auctions has made it easier than ever for buyers and investors to take part- wherever they are.
Platforms like Essential Information Group (EIG) have played a key role in transforming auction accessibility.
2.? ?Buyer Flexibility
The rise of conditional auctions means more flexibility for buyers. These allow time for mortgage arrangements, surveys, and due diligence- a game-changer for those who aren’t cash buyers.
3.? ?Efficient, Secure Sales
Auctions come with clear timelines, contractual commitment on the day, and less chance of fall-through. For those looking to sell their property quickly, it’s an attractive route, especially when working with an experienced Harrogate estate agent.
What This Means for Sellers and Buyers in Harrogate
Here at FSS, we’ve seen a clear increase in auction activity across Harrogate and North Yorkshire, both from investors and residential buyers. Our most recent property auction attracted strong interest, with excellent results for vendors.
If you’re considering selling your home at auction, now is a great time to explore your options. Auctions can help you achieve competitive prices with minimal delays, especially in today’s buoyant market.
Thinking of Selling or Buying via Auction?
As one of the leading estate agents in Harrogate, FSS brings decades of auction experience to every sale. Our in-house team manages the entire process, from marketing your property to hosting the auction and securing legal completion.
Contact our auction team to explore upcoming opportunities or discuss how our expertise can benefit you.