Bond Wolfe Achieves 18.2% Growth in Annual Auction Sales for 2024

Bond Wolfe’s auction success continued to soar in 2024, with total annual sales climbing by 18.2% to an impressive £178,101,150.

Gurpreet Bassi, Chief Executive of Bond Wolfe, reflected on the results, saying:

“We are very happy to be judged on our results, and the final figures for the year see growth in every metric.

The standout total sales figure of £178,101,150 from our seven auctions is reflected in increases in our marketing reach and our results across the board.”

We offered 1,079 lots in 2024, marking a 12% increase on the 2023 figure of 963. Impressively, the percentage of lots sold rose from an already industry-leading 86% to 90% this year.

Mr. Bassi continued:

“It’s impossible to say whether uncertainty caused by the General Election impacted our results, but we believe it may have been a two-edged sword.

Some investors will have looked to sell up to beat potential tax increases, while others will have been keen to add to their portfolio.

Despite economic uncertainty and regular tax changes, rarely for the better, investors find a certain comfort in bricks and mortar, and our results continue to reflect this sentiment.”

Looking ahead, Mr. Bassi is optimistic about continued growth in 2025, particularly with government initiatives that could stimulate the residential development market.

“There seems to be a momentum in this government to encourage residential development, and if this is followed through, we may potentially see more small and medium-sized sites with development potential coming to market, if there is a perceived positive attitude to planning which filters through to the end user.”

Upcoming 2025 Auction Dates:
Bond Wolfe will hold seven live-streamed auctions in 2025 on:

• 6 February
• 27 March
• 15 May
• 10 July
• 11 September
• 23 October
• 10 December

For further information, contact Bond Wolfe at 0121 312 1212 or visit www.bondwolfe.com.