Online auctions growing in popularity
Original Article Summary
Online auctions have captured 35% of the commercial property sales, up from just 13% in 2024, according to research from auctioneer Fisher German. Tom Dennes, head of auctions at Fisher German, reckons this growth reflects a fundamental change in how vendors are approaching the sales process. He said: “Traditionally, auctions were often reserved for challenging […] The post Online auctions growing in popularity appeared first on PropertyWire.
PropMatch Curated Analysis
Online property auctions have grown from 13% to 35% of commercial sales in 2024, driven by demand for speed and certainty in sales processes. Landlords are increasingly using auctions to quickly dispose of assets that would be costly to upgrade for regulatory compliance.
Investor Relevance
Signals a growing trend toward online auctions as a viable exit strategy, particularly for properties requiring significant compliance upgrades. The speed and certainty could appeal to residential investors looking to divest quickly or acquire properties with competitive bidding processes.
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