Property Auctions London | London’s Leading Auction House
Expertise in London, UK & Global Real Estate Auctions
Step into the future of property auctions London with Palace Auctions. From our iconic Mayfair saleroom to cutting-edge online bidding, we cater to everyone—from first-time bidders eager to buy property at auction London to seasoned investors seeking high-yield opportunities. View Upcoming Auctions
Our Heritage in Property Auctions London
Founding Story & Milestones
Palace Auctions was founded in 1999 by a team of auction veterans who shared a vision: to bring transparency, accessibility, and expertise to the auction process. Today, our combined 192 years of auctioneering experience power every sale.
- 2001: Our first Flagship auction room opens serving London’s Mayfair, establishing our reputation for excellence.
- 2005: Launch of our proprietary online bidding platform, pioneering online property auctions London.
- 2022: First international office opens presence in New York, extending our reach to US investors.
- 2021: Rollout of hybrid live/online auctions, blending the thrill of the saleroom with digital convenience.
Why It Matters: These milestones highlight our ongoing innovation and leadership in property auctions London.
Mission, Vision & Values
At Palace Auctions, we are guided by:
- Integrity: Transparent processes, upfront fees, and no hidden costs.
- Personalised Service: Dedicated support for buyers, sellers, and investors at every stage.
- Expertise: Deep market knowledge and professional credentials ensure accurate valuations.
- Innovation: Adoption of livestream bidding, virtual tours, and AI-driven insights.
Our Vision: To be the most trusted name in real estate auctions London and beyond.
Market Insights & Investment Advice
London Auction Market Performance (Q2 2025)
The London auction market continues to outperform, driven by strong investor demand and technological adoption.
Total Funds Raised
- UK auctions have delivered £5.5 billion in 2024—a 13.9% increase on 2023.
- London online auctions alone contributed £540 million in Q2 2025.
Completion & Success Rates
- The average completion rate for Modern Method auctions in London reached 95%—far exceeding private treaty benchmarks.
- Traditional live and livestream events in autumn 2024 posted success rates from 70% to 85%.
Sale Volumes & Prices
- Lots sold across the UK rose from 25,375 in 2023 to 28,063 in 2024 (+10.6%).
- The average sale price at London auctions hit £583,143 in 2024.
- Central London lots averaged £1.5 million, while outer boroughs achieved £500,000 per lot.
Investor Insight: High completion rates and competitive pricing make property auctions London an attractive route for cash and mortgage buyers alike.
Regional Sale Prices & Yields (2024)
| Region | Avg. Sale Price | Avg. Yield |
|---|---|---|
| London | £583,143 | 6.3% |
| East Anglia | £280,451 | 12.7% |
| North-East | £78,468 | 14.5% |
| North-West | £151,302 | 9.8% |
| South-East Home Counties | £407,928 | 8.2% |
| Scotland | £296,724 | 17.3% |
Investment Trends & Forecasts
- Yield Dynamics: London yields average 6.3%, reflecting its premium status.
- Buyer Profiles: 50% of London auction purchases in 2025 were mortgage-backed, signalling broad market access.
- 2025 Outlook: 2–4% price growth across Greater London, with prime sectors like Mayfair and Kensington potentially rising up to 7%.
- Sustainability Premium: Eco-friendly properties command higher bids as green credentials gain prominence.
Tip: For detailed guidance, explore our How to Buy at Auction guide and the FAQ on the Modern Method of Auction and financing.
Global Reach & Local Expertise
Our global network empowers both domestic and international clients:
- London (HQ): Iconic Mayfair saleroom and head office.
- New York: Strategic US market advisory.
- Dubai & Kuwait City: Gulf region property auctions and finance.
- Riyadh, Bahrain & Doha: MENA region sales and legal support.
- Hong Kong & Lagos: Asia-Pacific and West Africa market hubs.
Dedicated Support: Multilingual teams provide currency guidance, tax planning, and cross-border legal partnerships.
Live & Online Auction Promotion
Auction Formats
- Traditional Saleroom Auctions
Feel the excitement of live bidding in our Mayfair room—ideal for high-value assets.
- Livestream-Only Events
Engage with auctioneers in real time from anywhere in the world.
- Modern Method of Auction (MMoA)
Conducted online over a set period, with a non-refundable reservation fee and extended completion window for mortgage buyers.
Why MMoA?
• 95% completion rate and a 56-day average to completion.
• Accessible to first-time and international bidders.
Upcoming Auctions: Visit our live Auction Calendar to preview lots and register. Register to Bid
Our Network & Partnerships
Palace Auctions partners with industry leaders to deliver end-to-end auction services:
- Legal Experts: Top property law firms for seamless conveyancing and AML compliance.
- Financial Partners: Leading bridging lenders and mortgage brokers for rapid funding.
- Valuation Specialists: Access to Professional and RICS-accredited surveyors ensuring accurate guide and reserve prices.
- Community Engagement: Charity auctions supporting heritage projects and educational initiatives.
Key Partner Highlight: We collaborate with GOV.UK to integrate the latest property transaction guidelines, ensuring full regulatory compliance (www.gov.uk/buy-sell-your-home).
Calls to Action
Take the next step with confidence:
- Register for an Auction: Register to Bid
- Request a Valuation: Get Your Free Valuation
- Subscribe for Alerts: Auction News & Insights
Why Choose Palace Auctions?
Key Findings:
- Over two decades of leadership and 192 years of combined auction expertise.
- Market-leading success rates: 95% completion for Traditional and Modern Method auctions.
- The average sale price at London auctions reached £583,143 in 2024, underscoring robust market demand.
- £5.5 billion raised in 2024, demonstrating trust and performance.
- Global network of nine offices providing local insights and international reach.
Palace Auctions is the benchmark for property auctions London, combining heritage, innovation, and personalised service to exceed client expectations.
Conclusion
For a seamless, transparent, and successful auction experience in property auctions London, choose Palace Auctions. Whether you want to buy property at auction London, access market-leading insights, or maximize the value of your asset, our expert team is here to guide you. Begin your auction journey today: View Upcoming Auctions
External Links:
• GOV.UK guidance on property transactions (www.gov.uk/buy-sell-your-home)
• London Market Reports (https://landregistry.data.gov.uk/)
Last Updated: August 25, 2025