Latest News: Bamboo Auctions launches it’s new online auction website.

January 28, 2015

bamboo auctions logo (Jan 2015)

After several months of preparation, online property auction website, Bamboo Auctions has launched this Tuesday.

The business is led by corporate lawyer, Robin Rathore and Chris Brown (the past president of both NAVA and the NAEA) and is launching as part of the PiLabs Incubation Program (backed by Cushman and Wakefield and Spire Ventures).

Acting through their estate agent, sellers can set a reserve price and choose the length of the auction period for each property listed on the website. Buyers are pre-approved (for identity and anti-money laundering purposes) and can search, download legal documents, arrange site viewings and place bids on properties. Bamboo Auctions works with a team of auction lawyers so legal packs can be provided centrally – saving costs and time for the seller.

Exchange occurs immediately at the end of the auction period, meaning estate agents earn their commission faster and the risks of gazumping and gazundering are eliminated. What’s more, estate agents can enjoy the benefits of diversified business services as well as joint marketing of properties.

“It’s currently a very exciting time for the property sector”, said CEO, Robin Rathore. We’re part of a wave of emerging property-tech businesses. A lot of them are either looking to bypass estate agents or are going into direct competition with estate agents. We’re different. We want to work with estate agents; we want to see properties exchange, so our interests are completely aligned.”

Bamboo Auctions will launch online with placeholder properties. Several estate agencies across England and Wales have already registered to list properties, with the promise of more to come in the near future.

You May Also Enjoy

Letting Agent Talk

Landlords and tenants advised to work together to get through extreme heatwaves

With some areas set to be hotter than Portugal this week, lettings and estate agents across the UK are issuing advice to protect properties ahead of extreme weather Prolonged periods of hot weather across the UK are placing additional pressure on homes, from overheating and poor ventilation to damage caused by extreme temperatures. Today, lettings…
Read More →
Estate Agent Talk

Nearly half of UK home listings fail to sell

A London estate agent has warned that thousands of homeowners across the UK are pricing themselves out of the market by setting asking prices that no longer reflect what buyers are willing to pay. The warning comes after new analysis by Zoopla, covering more than two million property listings between 2023 and 2026, found that…
Read More →
Rightmove logo
Breaking News

Lowest number of new build developments coming to market since 2017

New analysis from the UK’s largest property platform Rightmove reveals that the number of new build housing developments coming to market is at its lowest level since January 2017 The figures are despite the government’s target to build 1.5 million homes over the course of this parliament Higher mortgage rates continue to set a challenging…
Read More →
Estate Agent Talk

What Every Estate Agent Should Tell Clients Before Moving Day

For most estate agents, the job is done once contracts are exchanged, completion takes place, and the keys are handed over. For your client, however, that’s when one of the biggest challenges begins. Moving day has the power to turn months of excitement into an incredibly stressful experience, or a smooth finish to what has…
Read More →
Breaking News

Breaking Property News 9/7/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   PropTech is evolving but WhatsApp is still winning the Property transaction battle A home-moving process that a decade of PropTech failed to fix   Thought leadership by Olivier Jauniaux Founder of NestLink There are a particular series of messages, somewhere in every property chain, that decides whether…
Read More →
Breaking News

Heatwaves haven’t diminished love for south-facing gardens

The latest research from Yopa reveals that despite 81% of people saying they have been avoiding their garden during the recent heatwaves, south-facing gardens continue to be the preferred orientation of choice for UK homeowners, attracting house price premiums of over £20,000 on average. However, the insight from Yopa also suggests that should heatwaves become…
Read More →