Latest News:

  • EIG Monthly Newsletter September 2017:  September 2017 Newsletter ...read more


  • EIG Monthly Newsletter August 2017:  August 2017 Newsletter ...read more


  • July 2017 Newsletter:  Essential Auction News Welcome to the July newsl...read more


  • EIG Monthly Newsletter April 2017:    Essential Auction News ...read more


  • EIG Monthly Newsletter February 2017:  February 2017 Newsletter ...read more


  • January 2017 Newsletter:  January 2017 Newsletter ...read more


  • Residential Market Survey December 2016:  Residential Market Survey Rics Ulster BankCHARTERED surveyors have claimed house sal...read more


  • December 2016 Newsletter:  December 2016 Newsletter ...read more


  • EIG Monthly Newsletter October 2016:  October 2016 Newsletter ...read more


  • EIG September News:  September 2016 Newsletter ...read more


  • Auction Data for May 2016 Double-digit growth when comparing May 2016 with May 2015:  Monthly News Update Overall Statistics May 2016 ...read more


  • Advice on Stamp Duty Land Tax In Northern Ireland: Stamp Duty Land Tax is a percentage paid on the purchase of a home or non-residential property to th...read more


  • Auction Data for November 2015:  Monthly News Update Overall Statistics November 2015 ...read more


  • EIG Monthly Newsletter November 2015:  Monthly News Update Overall Statistics October 2015 ...read more


  • Massive rise in Northern Ireland prices forecast by industry experts: They are also predicted to rise by 6% in the UK in the same period, according to the Royal Institut...read more


  • EIG Monthly Newsletter September 2015:  Monthly News Update Overall Statistics August 2015 ...read more


  • Property auction market returns to growth!:  Monthly News Update Overall Statistics June 2015 ...read more


  • House prices rise by 7.5% in Northern Ireland in 12 months, according to ONS report: House prices rise by 7.5% in Northern Ireland in 12 months, according to ONS reportBy Vicky ShawPUBL...read more


  • Auction Data for April 2015:  Auction Data for April 2015   Difficulty reading the figures? The figures be...read more


  • Auction Data For March 2015 - 23/03/2015:  Monthly News Update Overall Statistics February 2015 ...read more


  • Auction Data for January 2015:  Monthly News Update Overall Statistics January 2015 ...read more


  • EIG Monthly Newsletter January 2015:  Monthly News Update Overall Statistics December 2014 ...read more


  • Auction Data for November 2014:  Monthly News Update Overall Statistics November 2014 ...read more


  • Auction Data for October 2014:  Monthly News Update Overall Statistics October 2014 ...read more


  • How to succeed in the auction room: After the most buoyant quarter of house sales since records began, a sense of realism is setting inD...read more


  • EIG Monthly Newsletter October 2014:  Monthly News Update Overall Statistics September 2014 ...read more


  • BRG Gibson Auctions - EIG Monthly Newsletter September 2014:  Monthly News Update Overall Statistics August 2014 ...read more


  • Auction Data for July 2014:  Monthly News Update Overall Statistics July 2014 ...read more


  • Monthly News:  Monthly News Update Overall Statistics June 2014 ...read more


  • EIG Monthly Newsletter June 2014:  Monthly News Update Overall Statistics May 2014 ...read more


  • 68000 Northern Ireland homeowners in negative equity: 68000 Northern Ireland homeowners in negative equityNegative equity remains a large problem for home...read more


  • Going once, going twice... Sold!: In an article in the London Times recently it was reported that the words “Going once, going t...read more


  • Strong set of results, as over 400 million was raised across 128 UK auctions - a huge increase of 50% on March 2013:  Monthly News Update Overall Statistics March 2014 ...read more


  • Surge in auctions continues!:  Monthly News Update Overall Statistics February 2014 ...read more


  • Auction Data for January 2014:  Monthly News Update Overall Statistics January 2014 ...read more


  • BRG Gibson Auctions, Rated Top Regional Auction House in Northern Ireland for a 2nd Year by Estate Gazette!!! : Estate Gazettes Auctions: Regional Round-UP: Lots Of Good News In 2014 February EditionThere is a lo...read more


  • Homes Under the Hammer return to Belfast for BRG Gibson Auction 4th Feb Property Auction : Homes Under the Hammer return to Belfast for BRG Gibson Auction 4th Feb Property Auction   BR...read more


  • Year-end property auction newsletter shows rising sales and increased revenues:  Monthly News Update Overall Statistics December 2013 ...read more


  • Auction Activity 2013: This is the content of the Essential Information Group’s first newsletter of 2014, which looks...read more


  • Partner Agents/Joint Agency Opportunities: BRG Gibson Auctions welcomes instructions from estate agents who have suitable properties on their b...read more


  • Current Vacancies: Join us and become part of BRG Gibson Auction TeamCorporate Services CoordinatorCommercial Senior Sa...read more


  • BRG Gibson Auctions TO BE A TV HIT! Homes Under the Hammer!!!: BRG Gibson Auctions TO BE A TV HIT! Homes Under the Hammer!!!   Lion TV Scotland, Homes Under...read more


  • Property auctions record all-time highs in October!:  Essential Auction News Welcome to the November newsletter that looks back at ...read more


  • Essential Auction News:  Essential Auction News Welcome to the October newsletter that looks back at ...read more


  • Ten years until Price Recovery.: The consultancy firm Price Waterhouse Coopers have warned that it may take more than a decade f...read more


  • Property auction market continues to grow:  Essential Auction NewsWelcome to the September newsletter that looks back at property auction acti...read more


  • Average House Prices rising in N. Ireland: The price balance of the latest RICS and Ulster Bank Housing Market Survey for Northern Ireland was ...read more


  • Estates Gazette Top regional auction houses for H1 2013 by amount raised: Property auctions in Northern Ireland recorded the largest regional growth in the first half of 2013...read more


  • : Auctions have acquired a reputation as a place where banks cleared bankrupt stock, but a recent arti...read more


  • Activity in the N Ireland market in the 1st Quarter 2013: The three-month period to the end of March 2013 was the first since the summer of 2007 in which Nort...read more


  • Craigavon most effected area in the UK by drop in House Prices. First Time Home Buyers at 5 Year High.: Towards the end of December last year it was reported that the average cost of a home in Craigavon w...read more


  • Housing Market Survey and Annual Auction Results.: The most recent Northern Ireland housing market survey produced by the Ulster Bank and the Northern ...read more


  • National Auction Analysis EIG:  National Auction Analysis As expected, the residential market witnessed large increas...read more


  • Investors Buying NOW While House Prices Hit Low!: House prices are still falling in Northern Ireland according to the latest RICS (Royal Institut...read more


  • N. I. House prices fall greatest in U.K.: Helen Carson, who writes on property related matters in the Belfast Telegraph wrote in the paper on ...read more


  • Housing Market Downturn is now five years old.:    According to the latest RICS and Ulster Bank Housing Market Survey for July 2012.Norther...read more


  • Current Market Conditions and Let the Buyer Beware: The price balance of the latest RICS and Ulster Bank Housing Market Survey recorded its lowest readi...read more


  • RICS and Ulster Bank Housing Market Survey: We are on the eve of our next auction, to be held at the Stormont Hotel on the Tuesday the 8th May. ...read more


  • March Auction 2012:  Hot on the heels of their previous very successful auction held at the Stormont Hotel, Upper Newto...read more


  • 2 Feb 2012 - Mustbesold.com & BRG Gibson Auctions: BRG Gibson Auctions AnnounceOn the 2nd of February 2012 at the Stormont Hotel Belfast, there will be...read more


EIG Monthly Newsletter August 2017

Essential Information Group

August 2017 Newsletter

EIG monthly Newsletter

 

Essential Auction News

Welcome to the August newsletter that looks back at auction activity in July and preceding periods. There were 144 auctions held across the UK last month - 24 fewer than last year, yet the numbers below indicate a steady if not positive marketplace.

Notwithstanding the small drop in lots offered - down 3% to 3,650, there were gains made in lots sold and total raised (up 0.5% and 7.3% respectively) whilst the sale rate jumped 3 percentage points to 75.7%. The rolling quarterly figures paint a similar picture, albeit with smaller margins, but the rolling yearly figures show small falls in each metric and reflect the challenging economic and political backdrop over the past 12-18 months.

I do hope that you are enjoying the 'Summer' period. As ever I would welcome any feedback you may have regarding the newsletter or the wider market in general.

Overall Statistics July 2017

Auctions Held in the UK

144

Total Lots Offered

3,657

Total Lots Sold

2,774

Percent Sold

75.9%

Total Realised

£526,758,443

National Auction Analysis

Figures show a marginal decrease in the number of residential lots offered at auction last month - down 0.8% to 2,949 lots, yet encouragingly sale volumes rose 4% to 2,226 lots and residential revenues totalled £336M, up £10M on July 2016. The rolling quarterly figures also make for positive reading, with gains evident in each of the 4 metrics.

Commercial lots offered and sold were both down last month, by 12.7% and 11.5% respectively. Yet despite these falls the sector saw revenues increase by £26M - up almost 16% to £190M, indicating an increase in higher-value lot-sizes being sold at auction.

Overall

N.B. Figures in brackets denote the comparative period last year

July 2017

May 2017 to July 2017

August 2016 to July 2017

Lots Offered

3,657 (3,775)

3.1%

9,487 (9,658)

1.8%

32,764 (33,746)

2.9%

Lots Sold

2,774 (2,749)

0.9%

7,189 (7,161)

0.4%

25,035 (25,799)

3.0%

Percent Sold

75.9% (72.8%)

4.3%

75.8% (74.1%)

2.3%

76.4% (76.5%)

0.1%

Total Raised

£527M (£490M)

7.6%

£1,344M (£1,336M)

0.6%

£4,479M (£4,695M)

4.6%


Residential

N.B. Figures in brackets denote the comparative period last year

July 2017

May 2017 to July 2017

August 2016 to July 2017

Lots Offered

2,954 (2,972)

0.6%

7,806 (7,718)

1.1%

27,163 (27,877)

2.6%

Lots Sold

2,234 (2,141)

4.3%

5,891 (5,672)

3.9%

20,619 (21,215)

2.8%

Percent Sold

75.6% (72.0%)

5.0%

75.5% (73.5%)

2.7%

75.9% (76.1%)

0.3%

Total Raised

£337M (£326M)

3.4%

£911M (£901M)

1.1%

£3,111M (£3,309M)

6.0%


Commercial

N.B. Figures in brackets denote the comparative period last year

July 2017

May 2017 to July 2017

August 2016 to July 2017

Lots Offered

703 (803)

12.5%

1,681 (1,940)

13.4%

5,601 (5,869)

4.6%

Lots Sold

540 (608)

11.2%

1,298 (1,489)

12.8%

4,416 (4,584)

3.7%

Percent Sold

76.8% (75.7%)

1.5%

77.2% (76.8%)

0.5%

78.8% (78.1%)

0.9%

Total Raised

£190M (£164M)

15.8%

£433M (£435M)

0.3%

£1,369M (£1,387M)

1.3%


Regional Auction Analysis

The figures below show significant contrasts in results and activity across different parts of the UK. Notably, residential sales have increased in the Midlands, Yorkshire / Humber and the North of England, whilst the stats for London are quite the opposite and bear out what London auctioneers are saying about the current state of the market.

N.B. Figures in brackets denote the comparative period last year

East-AngliaEast Anglia

May 2017 to July 2017

Total

Residential

Commercial

Lots Offered

267 (322)

17.1%

200 (227)

11.9%

67 (95)

29.5%

Lots Sold

224 (267)

16.1%

163 (181)

9.9%

61 (86)

29.1%

Percent Sold

83.9% (82.9%)

1.2%

81.5% (79.7%)

2.3%

91.0% (90.5%)

0.6%

Total Raised

£44M (£46M)

4.3%

£27M (£25M)

6.3%

£17M (£21M)

17.2%


East-MidlandsEast Midlands

May 2017 to July 2017

Total

Residential

Commercial

Lots Offered

742 (685)

8.3%

618 (550)

12.4%

124 (135)

8.1%

Lots Sold

575 (517)

11.2%

482 (409)

17.8%

93 (108)

13.9%

Percent Sold

77.5% (75.5%)

2.6%

78.0% (74.4%)

4.8%

75.0% (80.0%)

6.3%

Total Raised

£83M (£75M)

10.8%

£54M (£45M)

21.1%

£29M (£30M)

4.3%


LondonLondon

May 2017 to July 2017

Total

Residential

Commercial

Lots Offered

837 (870)

3.8%

748 (807)

7.3%

89 (63)

41.3%

Lots Sold

597 (636)

6.1%

521 (590)

11.7%

76 (46)

65.2%

Percent Sold

71.3% (73.1%)

2.5%

69.7% (73.1%)

4.7%

85.4% (73.0%)

17.0%

Total Raised

£283M (£278M)

1.7%

£216M (£249M)

13.2%

£67M (£30M)

125.9%


North-EastNorth-East

May 2017 to July 2017

Total

Residential

Commercial

Lots Offered

786 (858)

8.4%

717 (777)

7.7%

69 (81)

14.8%

Lots Sold

623 (612)

1.8%

567 (552)

2.7%

56 (60)

6.7%

Percent Sold

79.3% (71.3%)

11.2%

79.1% (71.0%)

11.4%

81.2% (74.1%)

9.6%

Total Raised

£54M (£51M)

5.6%

£41M (£39M)

3.6%

£14M (£12M)

12.2%


North-WestNorth-West

May 2017 to July 2017

Total

Residential

Commercial

Lots Offered

1,453 (1,485)

2.2%

1,201 (1,167)

2.9%

252 (318)

20.8%

Lots Sold

1,116 (1,073)

4.0%

932 (829)

12.4%

184 (244)

24.6%

Percent Sold

76.8% (72.3%)

6.2%

77.6% (71.0%)

9.3%

73.0% (76.7%)

4.8%

Total Raised

£133M (£137M)

2.5%

£87M (£70M)

23.7%

£47M (£67M)

30.1%


North-West-Home-CountiesNorth-West Home Counties

May 2017 to July 2017

Total

Residential

Commercial

Lots Offered

459 (419)

9.5%

349 (332)

5.1%

110 (87)

26.4%

Lots Sold

362 (330)

9.7%

275 (269)

2.2%

87 (61)

42.6%

Percent Sold

78.9% (78.8%)

0.1%

78.8% (81.0%)

2.7%

79.1% (70.1%)

12.8%

Total Raised

£123M (£101M)

22.1%

£70M (£71M)

1.8%

£54M (£30M)

78.8%


Northern-IrelandNorthern Ireland

May 2017 to July 2017

Total

Residential

Commercial

Lots Offered

233 (289)

19.4%

192 (242)

20.7%

41 (47)

12.8%

Lots Sold

119 (120)

0.8%

92 (94)

2.1%

27 (26)

3.8%

Percent Sold

51.1% (41.5%)

23.1%

47.9% (38.8%)

23.5%

65.9% (55.3%)

19.2%

Total Raised

£15M (£9M)

67.8%

£10M (£6M)

49.2%

£6M (£3M)

113.0%


ScotlandScotland

May 2017 to July 2017

Total

Residential

Commercial

Lots Offered

234 (287)

18.5%

160 (211)

24.2%

74 (76)

2.6%

Lots Sold

146 (169)

13.6%

90 (117)

23.1%

56 (52)

7.7%

Percent Sold

62.4% (58.9%)

5.9%

56.3% (55.5%)

1.4%

75.7% (68.4%)

10.7%

Total Raised

£18M (£14M)

31.0%

£5M (£7M)

30.4%

£13M (£6M)

99.1%


South-East-Home-CountiesSouth-East Home Counties

May 2017 to July 2017

Total

Residential

Commercial

Lots Offered

1,255 (1,190)

5.5%

1,007 (924)

9.0%

248 (266)

6.8%

Lots Sold

979 (926)

5.7%

772 (716)

7.8%

207 (210)

1.4%

Percent Sold

78.0% (77.8%)

0.3%

76.7% (77.5%)

1.0%

83.5% (78.9%)

5.8%

Total Raised

£236M (£264M)

10.5%

£164M (£167M)

1.8%

£72M (£96M)

25.5%


South-WestSouth-West

May 2017 to July 2017

Total

Residential

Commercial

Lots Offered

597 (710)

15.9%

422 (493)

14.4%

175 (217)

19.4%

Lots Sold

445 (553)

19.5%

302 (376)

19.7%

143 (177)

19.2%

Percent Sold

74.5% (77.9%)

4.4%

71.6% (76.3%)

6.2%

81.7% (81.6%)

0.1%

Total Raised

£98M (£108M)

9.8%

£59M (£69M)

14.2%

£39M (£40M)

2.2%


WalesWales

May 2017 to July 2017

Total

Residential

Commercial

Lots Offered

595 (632)

5.9%

463 (471)

1.7%

132 (161)

18.0%

Lots Sold

433 (470)

7.9%

347 (350)

0.9%

86 (120)

28.3%

Percent Sold

72.8% (74.4%)

2.2%

74.9% (74.3%)

0.8%

65.2% (74.5%)

12.5%

Total Raised

£47M (£48M)

2.4%

£31M (£27M)

12.2%

£16M (£21M)

21.6%


West-MidlandsWest Midlands

May 2017 to July 2017

Total

Residential

Commercial

Lots Offered

1,096 (1,051)

4.3%

925 (830)

11.4%

171 (221)

22.6%

Lots Sold

850 (830)

2.4%

722 (665)

8.6%

128 (165)

22.4%

Percent Sold

77.6% (79.0%)

1.8%

78.1% (80.1%)

2.5%

74.9% (74.7%)

0.3%

Total Raised

£116M (£124M)

6.3%

£87M (£79M)

10.1%

£29M (£45M)

35.2%


Yorkshire-and-The-HumberYorkshire and The Humber

May 2017 to July 2017

Total

Residential

Commercial

Lots Offered

933 (860)

8.5%

804 (687)

17.0%

129 (173)

25.4%

Lots Sold

720 (658)

9.4%

626 (524)

19.5%

94 (134)

29.9%

Percent Sold

77.2% (76.5%)

0.9%

77.9% (76.3%)

2.1%

72.9% (77.5%)

5.9%

Total Raised

£92M (£80M)

15.2%

£61M (£46M)

32.8%

£31M (£34M)

8.5%


Your Comments

If you would like to comment on anything in this email, or have any suggestions for future newsletters, we would like to hear from you. So please email us anytime.

A word from the editor

David Sandeman


As ever I welcome any feedback you may have regarding the newsletters or indeed the wider market in general.

Kind regards

David Sandeman

Unsubscribe from the EIG property auction newsletter

Copyright © 2017 Essential Information Group