Alto has launched a new online property auction service, Alto Auctions, which is now available to its more than 6,000 subscriber estate agencies. The service, powered by Bamboo Proptech, offers access to traditional and conditional auctions at no additional subscription cost, reaching approximately 35,000 daily Alto users.
The service is integrated into Alto’s CRM system, allowing agents to identify suitable properties for auction and manage the process within their existing property records. Bamboo’s data analysis and AI-based pricing guidance are incorporated to assess properties for auction suitability.
Agents have the option to run auctions themselves with back-office support from Bamboo, or use a fully managed service where Bamboo’s auction team handles the entire process. Alto states that agents will receive a minimum of £2,500 for each completed auction transaction, in addition to their standard vendor fee. For conditional auctions, agents can earn a buyer fee equivalent to 1.5% plus VAT of the purchase price.
This launch coincides with an increase in UK property auction activity. Essential Information Group figures show that 4,042 lots were offered in June 2026, with 2,659 sold, marking a 36.5% rise in activity compared to the previous year. Alto claims that transactions completed through Alto Auctions have a fall-through rate below 1%, with suitable properties potentially completing in around six weeks.