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EIG Monthly Newsletter August 2023
Essential Auction News
| ||||||||||||
National Auction Analysis
Overall
N.B. Figures in brackets denote the comparative period last year
| July 2023 | May 2023 to July 2023 | August 2022 to July 2023 | ||||
| Lots Offered | 3,191 (2,989) | ▲ 6.8% | 9,695 (8,344) | ▲ 16.2% | 34,369 (28,672) | ▲ 19.9% |
| Lots Sold | 2,199 (2,182) | ▲ 0.8% | 6,678 (6,093) | ▲ 9.6% | 23,997 (21,750) | ▲ 10.3% |
| Percent Sold | 68.9% (73.0%) | ▼ 5.6% | 68.9% (73.0%) | ▼ 5.6% | 69.8% (75.9%) | ▼ 8.0% |
| Total Raised | £393.3M (£537.5M) | ▼ 26.8% | £1,248.4M (£1,420.9M) | ▼ 12.1% | £4,634.1M (£4,739.7M) | ▼ 2.2% |
Residential
N.B. Figures in brackets denote the comparative period last year
| July 2023 | May 2023 to July 2023 | August 2022 to July 2023 | ||||
| Lots Offered | 2,749 (2,489) | ▲ 10.4% | 8,434 (6,942) | ▲ 21.5% | 30,088 (24,243) | ▲ 24.1% |
| Lots Sold | 1,896 (1,828) | ▲ 3.7% | 5,822 (5,144) | ▲ 13.2% | 20,969 (18,527) | ▲ 13.2% |
| Percent Sold | 69.0% (73.4%) | ▼ 6.0% | 69.0% (74.1%) | ▼ 6.9% | 69.7% (76.4%) | ▼ 8.8% |
| Total Raised | £286.5M (£362.6M) | ▼ 21.0% | £971.8M (£1,028.3M) | ▼ 5.5% | £3,561.1M (£3,552.2M) | ▲ 0.3% |
Commercial
N.B. Figures in brackets denote the comparative period last year
| July 2023 | May 2023 to July 2023 | August 2022 to July 2023 | ||||
| Lots Offered | 442 (500) | ▼ 11.6% | 1,261 (1,402) | ▼ 10.1% | 4,281 (4,429) | ▼ 3.3% |
| Lots Sold | 303 (354) | ▼ 14.4% | 856 (949) | ▼ 9.8% | 3,028 (3,223) | ▼ 6.1% |
| Percent Sold | 68.6% (70.8%) | ▼ 3.1% | 67.9% (67.7%) | ▲ 0.3% | 70.7% (72.8%) | ▼ 2.9% |
| Total Raised | £106.8M (£174.9M) | ▼ 38.9% | £276.5M (£392.7M) | ▼ 29.6% | £1,073.0M (£1,187.5M) | ▼ 9.6% |
Regional Auction Analysis
N.B. Figures in brackets denote the comparative period last year
East Anglia
(Includes Cambridgeshire, Norfolk, Suffolk)
| May 2023 to July 2023 | Total | Residential | Commercial | |||
| Lots Offered | 482 (370) | ▲ 30.3% | 423 (311) | ▲ 36.0% | 59 (59) | ▼ 0.0% |
| Lots Sold | 333 (277) | ▲ 20.2% | 290 (231) | ▲ 25.5% | 43 (46) | ▼ 6.5% |
| Percent Sold | 69.1% (74.9%) | ▼ 7.7% | 68.6% (74.3%) | ▼ 7.7% | 72.9% (78.0%) | ▼ 6.5% |
| Total Raised | £60.5M (£57.6M) | ▲ 5.1% | £48.0M (£41.7M) | ▲ 14.9% | £12.5M (£15.8M) | ▼ 20.8% |
East Midlands
(Includes Derbyshire, Leicestershire, Lincolnshire, Northamptonshire, Nottinghamshire, Rutland)
| May 2023 to July 2023 | Total | Residential | Commercial | |||
| Lots Offered | 666 (577) | ▲ 15.4% | 583 (480) | ▲ 21.5% | 83 (97) | ▼ 14.4% |
| Lots Sold | 457 (448) | ▲ 2.0% | 392 (378) | ▲ 3.7% | 65 (70) | ▼ 7.1% |
| Percent Sold | 68.6% (77.6%) | ▼ 11.6% | 67.2% (78.8%) | ▼ 14.7% | 78.3% (72.2%) | ▲ 8.4% |
| Total Raised | £84.0M (£84.6M) | ▼ 0.7% | £62.7M (£58.9M) | ▲ 6.4% | £21.3M (£25.6M) | ▼ 16.9% |
London
| May 2023 to July 2023 | Total | Residential | Commercial | |||
| Lots Offered | 675 (698) | ▼ 3.3% | 606 (616) | ▼ 1.6% | 69 (82) | ▼ 15.9% |
| Lots Sold | 499 (550) | ▼ 9.3% | 446 (488) | ▼ 8.6% | 53 (62) | ▼ 14.5% |
| Percent Sold | 73.9% (78.8%) | ▼ 6.2% | 73.6% (79.2%) | ▼ 7.1% | 76.8% (75.6%) | ▲ 1.6% |
| Total Raised | £210.7M (£309.4M) | ▼ 31.9% | £177.1M (£236.3M) | ▼ 25.1% | £33.6M (£73.2M) | ▼ 54.1% |
North-East
(Includes Cleveland, County Durham, Northumberland, Tyne and Wear)
| May 2023 to July 2023 | Total | Residential | Commercial | |||
| Lots Offered | 590 (514) | ▲ 14.8% | 557 (473) | ▲ 17.8% | 33 (41) | ▼ 19.5% |
| Lots Sold | 435 (346) | ▲ 25.7% | 409 (320) | ▲ 27.8% | 26 (26) | ▼ 0.0% |
| Percent Sold | 73.7% (67.3%) | ▲ 9.5% | 73.4% (67.7%) | ▲ 8.4% | 78.8% (63.4%) | ▲ 24.3% |
| Total Raised | £39.3M (£32.5M) | ▲ 20.9% | £30.6M (£26.0M) | ▲ 17.7% | £8.8M (£6.6M) | ▲ 33.5% |
North-West
(Includes Cheshire, Cumbria, Isle of Man, Lancashire, Merseyside)
| May 2023 to July 2023 | Total | Residential | Commercial | |||
| Lots Offered | 1,528 (1,229) | ▲ 24.3% | 1,379 (1,081) | ▲ 27.6% | 149 (148) | ▲ 0.7% |
| Lots Sold | 1,000 (896) | ▲ 11.6% | 909 (802) | ▲ 13.3% | 91 (94) | ▼ 3.2% |
| Percent Sold | 65.4% (72.9%) | ▼ 10.3% | 65.9% (74.2%) | ▼ 11.2% | 61.1% (63.5%) | ▼ 3.8% |
| Total Raised | £117.2M (£116.5M) | ▲ 0.6% | £97.2M (£92.5M) | ▲ 5.2% | £20.0M (£24.0M) | ▼ 17.0% |
North-West Home Counties
(Includes Bedfordshire, Berkshire, Buckinghamshire, Hertfordshire, Middlesex, Oxfordshire)
| May 2023 to July 2023 | Total | Residential | Commercial | |||
| Lots Offered | 587 (547) | ▲ 7.3% | 527 (449) | ▲ 17.4% | 60 (98) | ▼ 38.8% |
| Lots Sold | 406 (399) | ▲ 1.8% | 362 (337) | ▲ 7.4% | 44 (62) | ▼ 29.0% |
| Percent Sold | 69.2% (72.9%) | ▼ 5.1% | 68.7% (75.1%) | ▼ 8.5% | 73.3% (63.3%) | ▲ 15.8% |
| Total Raised | £108.1M (£142.4M) | ▼ 24.0% | £83.4M (£105.9M) | ▼ 21.2% | £24.8M (£36.5M) | ▼ 32.2% |
Northern Ireland
| May 2023 to July 2023 | Total | Residential | Commercial | |||
| Lots Offered | 68 (47) | ▲ 44.7% | 52 (36) | ▲ 44.4% | 16 (11) | ▲ 45.5% |
| Lots Sold | 20 (16) | ▲ 25.0% | 16 (12) | ▲ 33.3% | 4 (4) | ▼ 0.0% |
| Percent Sold | 29.4% (34.0%) | ▼ 13.5% | 30.8% (33.3%) | ▼ 7.5% | 25.0% (36.4%) | ▼ 31.3% |
| Total Raised | £1.8M (£1.4M) | ▲ 30.0% | £1.6M (£0.9M) | ▲ 79.7% | £0.3M (£0.5M) | ▼ 50.7% |
Scotland
| May 2023 to July 2023 | Total | Residential | Commercial | |||
| Lots Offered | 352 (276) | ▲ 27.5% | 214 (156) | ▲ 37.2% | 138 (120) | ▲ 15.0% |
| Lots Sold | 156 (110) | ▲ 41.8% | 102 (63) | ▲ 61.9% | 54 (47) | ▲ 14.9% |
| Percent Sold | 44.3% (39.9%) | ▲ 11.0% | 47.7% (40.4%) | ▲ 18.1% | 39.1% (39.2%) | ▼ 0.3% |
| Total Raised | £17.6M (£15.2M) | ▲ 15.6% | £7.3M (£5.4M) | ▲ 33.7% | £10.3M (£9.8M) | ▲ 5.5% |
South-East Home Counties
(Includes Channel Islands, East Sussex, Essex, Hampshire, Isle of Wight, Kent, Surrey, West Sussex)
| May 2023 to July 2023 | Total | Residential | Commercial | |||
| Lots Offered | 1,540 (1,427) | ▲ 7.9% | 1,343 (1,163) | ▲ 15.5% | 197 (264) | ▼ 25.4% |
| Lots Sold | 1,061 (1,022) | ▲ 3.8% | 918 (866) | ▲ 6.0% | 143 (156) | ▼ 8.3% |
| Percent Sold | 68.9% (71.6%) | ▼ 3.8% | 68.4% (74.5%) | ▼ 8.2% | 72.6% (59.1%) | ▲ 22.8% |
| Total Raised | £247.1M (£300.9M) | ▼ 17.9% | £196.4M (£216.2M) | ▼ 9.1% | £50.7M (£84.8M) | ▼ 40.2% |
South-West
(Includes Avon, Cornwall, Devon, Dorset, Gloucestershire, Isles of Scilly, Somerset, Wiltshire)
| May 2023 to July 2023 | Total | Residential | Commercial | |||
| Lots Offered | 792 (703) | ▲ 12.7% | 643 (537) | ▲ 19.7% | 149 (166) | ▼ 10.2% |
| Lots Sold | 601 (549) | ▲ 9.5% | 480 (422) | ▲ 13.7% | 121 (127) | ▼ 4.7% |
| Percent Sold | 75.9% (78.1%) | ▼ 2.8% | 74.7% (78.6%) | ▼ 5.0% | 81.2% (76.5%) | ▲ 6.1% |
| Total Raised | £130.3M (£119.0M) | ▲ 9.6% | £95.6M (£85.8M) | ▲ 11.3% | £34.8M (£33.1M) | ▲ 5.0% |
Wales
| May 2023 to July 2023 | Total | Residential | Commercial | |||
| Lots Offered | 617 (490) | ▲ 25.9% | 527 (394) | ▲ 33.8% | 90 (96) | ▼ 6.3% |
| Lots Sold | 397 (356) | ▲ 11.5% | 346 (281) | ▲ 23.1% | 51 (75) | ▼ 32.0% |
| Percent Sold | 64.3% (72.7%) | ▼ 11.6% | 65.7% (71.3%) | ▼ 7.9% | 56.7% (78.1%) | ▼ 27.4% |
| Total Raised | £46.7M (£45.3M) | ▲ 3.1% | £37.8M (£32.5M) | ▲ 16.3% | £8.9M (£12.8M) | ▼ 30.4% |
West Midlands
(Includes Herefordshire, Shropshire, Staffordshire, Warwickshire, West Midlands, Worcestershire)
| May 2023 to July 2023 | Total | Residential | Commercial | |||
| Lots Offered | 1,030 (768) | ▲ 34.1% | 912 (638) | ▲ 42.9% | 118 (130) | ▼ 9.2% |
| Lots Sold | 754 (608) | ▲ 24.0% | 666 (504) | ▲ 32.1% | 88 (104) | ▼ 15.4% |
| Percent Sold | 73.2% (79.2%) | ▼ 7.6% | 73.0% (79.0%) | ▼ 7.6% | 74.6% (80.0%) | ▼ 6.8% |
| Total Raised | £116.9M (£116.2M) | ▲ 0.6% | £92.1M (£76.9M) | ▲ 19.8% | £24.9M (£39.3M) | ▼ 36.8% |
Yorkshire and The Humber
(Includes North Humberside, North Yorkshire, South Humberside, South Yorkshire, West Yorkshire)
| May 2023 to July 2023 | Total | Residential | Commercial | |||
| Lots Offered | 768 (698) | ▲ 10.0% | 668 (608) | ▲ 9.9% | 100 (90) | ▲ 11.1% |
| Lots Sold | 559 (516) | ▲ 8.3% | 486 (440) | ▲ 10.5% | 73 (76) | ▼ 3.9% |
| Percent Sold | 72.8% (73.9%) | ▼ 1.5% | 72.8% (72.4%) | ▲ 0.6% | 73.0% (84.4%) | ▼ 13.5% |
| Total Raised | £68.1M (£80.0M) | ▼ 14.9% | £42.2M (£49.4M) | ▼ 14.5% | £25.9M (£30.6M) | ▼ 15.5% |
Disclaimer: The figures in this newsletter are based on sales data provided to us by the auctioneers.
