Our second auctions survey at the end of 2025 received over 370 responses. It told us that full-time investors and developers have become more committed compared to those looking at it as a side hustle. Meanwhile, the appetite has grown most from those looking to pick up a property for their own use.

Despite interest rate cuts, budgets have not universally risen, with a relatively modest increase in the use of debt. The greatest loosening of the purse strings has been among investors in commercial property. Investors have generally become more selective, especially in the residential space, given the implementation of the Renters’ Rights Act from May 2026 and a lower appetite for risk since the Autumn Budget.