Online property auctions have been around for some time, but the Covid-19 pandemic has made them more popular because there’s no need for an auctioneer and no need for an auction room! However, it’s important to bear in mind that online property auctions are very different to conventional, physical auctions in some ways. Here we’ll look at how to buy and sell property at an online auction.
Everybody involved in the lettings market would like to have a crystal ball to help them predict the future of buy to let and spot new opportunities. We don’t have a crystal ball unfortunately but in this article we will look at some of the different ways the Covid-19 pandemic might affect the buy to let market in the future.
Property prices are affected by a range of factors including supply and demand, what the economy is doing, Government policy and interest rates. Property prices, at least in the UK, haven’t been affected by a pandemic of the scale of Covid-19 before.