As the number of auctions held on the internet has increased, so has the number of people interested in them. A recent analysis of online consumer activity revealed an increased interest in auctions by younger age groups – 441% in the 18-24 age group, and 42% in the 25-34 age group. In turn, the older age group (55 to 64) decreased their interest by 19%.

These figures (revealed by Auction House) concern the real estate area (one of the most interesting), which registered a 37.9% increase (in 2021) in sales, compared to previous years.

Not only the pandemic, which forced auction houses to operate through online auctions and/or livestreams, but also factors such as the safety of purchasing a property by auction, as well as all the convenience, transparency and certainty of the process, led to this increase in interest by younger generations, and the same is expected to continue from now on.