The auction statistics for sales in February 2025 are in, and we compare them to the sales data in February 2024.
The statistics are courtesy of EIG (Essential Information Group) who specialise in property auction information. They provide comprehensive data on virtually every property auction across the UK, encompassing both upcoming and historical auctions.
The UK property auction sector experienced a slight slowdown in February 2025, with the total number of lots sold decreasing by 4% compared to the previous year. However, the market demonstrated resilience as total revenue at auction climbed by 6.2% to reach £661.4 million.
Residential auctions followed a comparable pattern, with a 4.8% drop in sales volume but a notable 9.2% rise in overall funds raised, amounting to £530 million. In contrast, commercial property auctions faced more challenges, recording a 4.4% decline in revenue to £131.4 million, indicative of a more cautious stance from investors.
From a regional perspective, London performed particularly well over the past three months, achieving a 24.6% increase in total revenue, reaching £294.9 million. The East Midlands and East Anglia saw an increase in listings, though weaker sales rates led to mixed outcomes. Meanwhile, the North-East experienced a difficult period, with revenue contracting by 24.3%. Scotland also faced a significant downturn, with total funds raised declining by 34.2%.
Overall, the market remains stable, but shifting demand patterns and regional disparities underline the need for adaptability in response to evolving economic conditions.
