What will happen to the property auction market in 2023?

The property auction market in 2023 may be influenced by various factors such as economic conditions, government policies, and market demand.

If the economy is strong and interest rates remain low, it could lead to increased demand for properties and bidding wars at auctions. On the other hand, if the economy experiences a downturn or interest rates rise, it could lead to a decrease in demand and lower prices at auctions.

Government policies such as changes in tax laws or regulations related to real estate could also impact the property auction market. For example, if there are incentives introduced to encourage property ownership, it could lead to increased demand and higher prices at auctions.

Overall, the property auction market in 2023 will likely be influenced by a variety of factors, and it is difficult to predict with certainty what will happen. It is important to stay informed about market trends and to seek advice from real estate professionals when considering buying or selling a property at auction.