Bond Wolfe’s auctions continued to grow in 2024 with another outstanding set of results across the year with total sales up 18.2% to £178,101,150.
Chief executive Gurpreet Bassi said: “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.”
During 2024, Bond Wolfe offered 1,079 lots, a 12% increase on the 2023 figure of 963. The percentage sold also increased from an already industry-leading figure of 86% to 90% in 2024.
Mr Bassi said: “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.”
He said that Bond Wolfe was particularly well placed to continue to grow in 2025.
“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.”
Bond Wolfe will hold seven livestreamed auctions in 2025 on February 6, March 27, May 15, July 10, September 11, October 23 and December 10.
