Over the past year, two principal factors have continued to dominate the housing market: rising interest rates and the soaring cost of living. Although the Bank of England eased rates from 5.25% in July 2024 to 4.25% in May 2025 – further reductions are anticipated this year – a development that could help stabilise buyer sentiment.

Selling a probate property in 2025 involves navigating legal processes, tax implications, and market dynamics. Whether you opt for an estate agency sale, auction, or quick cash buyer, understanding recent legislative changes and the financial landscape ensures a smooth and successful transaction.

Selling a property with tenants is more complex than selling a vacant property. Auctions remain one of the most effective methods for landlords and investors looking to sell tenanted properties.

The proposed updates to the Leasehold Reform Act aim to simplify the lease extension process and reduce costs for leaseholders. While buyers may benefit from these reforms, sellers can market the property as an opportunity for buyers to extend the lease under potentially more favourable terms

Looking to sell your London house by auction in the autumn of 2024? Check out the upcoming London property auction dates for September and October 2024.