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The property auction market across the region is demonstrating good momentum after a slow start, with rising instruction levels, healthy buyer demand and increasing interest from vendors seeking faster and more secure transactions amid a price-sensitive and uncertain housing market.
Andrew Luxton MRICS FARLA head of Stags property auction department reports that sellers are increasingly turning to auctions after experiencing delays, fall-throughs and uncertainty in the traditional private treaty market. After a slow start we are now seeing instruction levels increase with properties being offered for sale on a regular basis via our online auction platform. The key reasons to consider auction are still certainty, speed, transparency, competitive bidding, ideally suited for properties that are unusual/hard to value, difficult to obtain mortgage funding such as renovation projects, commercial properties with the online method of sale providing flexibility and ease for both buyers and sellers.
While purchasers remain cautious on pricing, competitively guided properties continue to generate significant interest and strong sale success. Auctions are increasingly viewed as a reliable route to market at a time when certainty and speed matter more than ever.
Recent examples of properties sold include:
1. 7.09 acres of land at Higher Wrangway, Wellington selling for £138,000 of a guide of £100,000.
2. An unusual lot being the Village Hall at Higher Durston, Taunton selling for £45,000 off a guide of £11,000
3. 5 Osney Crescent a Mid Terrace 3 Bed for renovation in the seaside town of Paignton selling for £202,000 off a guide of £170,000.
With 22 properties currently live or due to come on over the next few weeks, the Stags auction department anticipates a busy final 6 months of 2026.
