Further reading
Buying a property with planning permission at auction can be advantageous
Why is it so important to use EIG to search whether a property has been to auction before
Today, we witnessed the 14th rise in UK interest rates, the highest rate in 15 years, bringing it from 5% to 5.25%. This smaller increase comes amidst signs that persistently high inflation is starting to ease.
Recently, Nationwide reported a significant decline in annual property values by 3.8% in July, making it the sharpest fall since July 2009. According to the building society, the average home is now worth £260,828, which is a decrease of 0.2% compared to the previous month and a 4.5% decline from the peak recorded in August 2022.
In our July newsletter, we observed a notable 20.1% increase in lots offered at auctions. Could this be attributed to landlords still trying to sell off their tenanted properties due to the interest hikes? Or is there another reason driving such a substantial rise in the number of lots?
Keep an eye out for our next Q3 Auction Report, scheduled for release on September 1st, as we delve into these numbers and analyse the situation further. View our previous Q2 report here.
Essential Information Group - News and Information
Keep up to date with our latest news, case studies and what's going on in the property auction industry on our blog.
Buying at auction
25/03/2026
The Most Important Document in the Legal Pack? The One That’s Missing.
Legal packs are often treated as the definitive source of truth in a property transaction. But in reality, they are anything but complete. While they provide essential information, they are built to meet minimum requirements - not to offer full transparency. And in many cases, it’s not what’s included that creates risk, but what’s missing.
Buying at auction
24/03/2026
Guide Prices: Why Buyers Should Treat Them as a Guide to the Reserve
Guide prices are one of the most misunderstood elements of the auction process. Too often, buyers treat them as an indication of a property’s value, when in reality they are designed to signal something entirely different, the likely reserve. In an increasingly competitive and dynamic auction market, understanding this distinction is critical to making informed decisions and avoiding costly assumptions.
Buying at auction
23/03/2026
There’s So Much More Than the Aroma of Hot Coffee…
There’s so much more to selling a property than creating the perfect first impression. While details like fresh coffee, open windows, and careful staging can help set the scene, today’s buyers are looking for something far more important - clarity, confidence, and certainty. And that doesn’t come from how a property feels, but from how well it’s prepared behind the scenes.