It was the fallout of the 2008 financial crash that sparked the emergence of online property auctions.
The conditions were just right. Owners were struggling to sell stock to a market in freefall and more properties were being pushed into auction rooms.
BidX1 says it saw the potential for digital auctions and set about launching an online platform in 2015. But as the company’s head of UK residential auctions, Richard Watson explains, property has “been particularly lagging” when it comes to digital.
The opportunity to sell online has been possible for