This report is based on responses to a survey of Propertymark member agents. Analysis is based on data provided by around 30 agents across the UK and various third-party data, including data from the Bank of England, ONS and HM Land Registry.
Biggest issues facing Auctioneers and Valuers
53% of members reported the number of auction lots exceeding their reserve price increased in Q4 compared to the previous quarter in 2024, and only 12% reported a decrease.
The final quarter of the year saw much change within the auctioneering profession. The budget provided a raft of immediate and proposed updates regarding taxation, with aspects such as Stamp Duty on second homes and buy-to-let properties increasing as well as revisions regarding Capital Gains Tax coming into play; with increases from 20% to 24% at the higher rate and from 10% to 18% at the lower rate.
