Taking a look that the current property market, I (like most) find themselves looking at the current economic and geopolitical climate. As per the market crash in 2008 – it is evident that a knowledge/understanding of how these markets interact with each other is of vital importance when looking at your investment model going forward.

It is true that there is no way to perceive the future of the market and or second guess the market. What you can do is manage foreseeable risks and have multiple exit options available in order to build sustainability and survivability in the current market and the market moving forward into the next decade.

With this in mind here is my appraisal of the current auction market (measured against the previous decade) and for what it’s worth, a little personal foresight into the next decade (some practical and some hopeful).

Being involved in property for the past 17 years and active within the auction market for the last 12 years, I have seen significant changes in the following areas:

The buyer and seller demographic:
There have been a lot of changes in this area, the most significant of which is the increased market share of auction property purchased and sold by owner/occupiers.

The increase of marketing tools utilised by auctioneers now means that instead of just creating and posting-out an auction catalogue, most auctioneers will market their properties on the portals (Rightmove, Zoopla etc.) for instance. This has naturally caught the attention of a new demographic of buyer and likewise a new demographic of seller.

In the last six years I have seen the market as an active buyer of property but with the additional benefit of meeting the buyers of properties sold at our auctions. This provides a unique view of how the market is changing.