James Ashworth

Landwood Property Auctions sees increase in online auction activity

Landwood Property Auctions has seen an upturn in business as buyers turn to online auctions amid the Covid-19 pandemic.

Investors are backing virtual auction rooms in a bid to secure sales.

Bidding takes place via a live stream from the buyer’s home.

James Ashworth, director at Landwood (pictured above), stated that confidence has grown with online auctions while the rest of the housing market looked uncertain.

“Whilst the government is encouraging house moves to be put on hold, (…) our online auctions can provide an important service for those who need to sell their property assets to raise funds quickly and there are cash investors out there still looking to carry on with acquisitions.

“Investors are still keen to add to their property portfolio and sellers don’t have time to wait, so we are seeing that supply and demand is there.”

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