Latest News:

  • September Auction News:  Despite August typically being a quieter month due to h...read more


  • August Auction News: The UK property auction market has been a hive of activity over the past year, and our latest figure...read more


  • EIG News February 2020:  February 2020 Newsletter ...read more


  • EIG News December 2019:  1184" width="100%" cellspacing="0" cellpadding="0" border="0"> "Times New...read more


  • EIG News November 2019:  November 2019 Newsletter ...read more


  • EIG News October 2019:  October 2019 Newsletter ...read more


  • EIG News September 2019:  September 2019 Newsletter ...read more


  • EIG News August 2019: Welcome to the August newsletter that looks back at auction activity in July and preceding periods....read more


  • EIG News July 2019:  Essential Auction News Welcome to the July newslette...read more


  • EIG News June 2019:  Essential Auction News Welcome to the June newsletter that looks back a...read more


  • EIG News May 2019:  Essential Auction News Welcome to the May newsletter that looks back at...read more


  • EIG News April 2019:  National Auction Analysis The number of residential lots offered and sold dropped by 22% in March...read more


  • EIG News March 2019:  National Auction Analysis Both sectors of the UK auction market experienced notable falls between...read more


  • EIG News February 2019:  Essential Auction News Welcome to the February newsletter that looks ba...read more


  • EIG News January 2019:  January 2019 Newsletter ...read more


  • EIG News December 2018:  December 2018 Newsletter ...read more


  • EIG News November 2018:  Essential Auction News Welcome to the November newsletter that looks ba...read more


  • EIG News October 2018:  Essential Auction News Welcome to the October newsletter that looks bac...read more


  • EIG News August 2018:  August 2018 Newsletter ...read more


  • EIG News July 2018:  Essential Auction News Welcome to the July newsletter that looks back a...read more


  • EIG News May 2018:  May 2018 Newsletter ...read more


  • EIG News April 2018:    Essential Auction News ...read more


  • EIG News March 2018:  March 2018 Newsletter ...read more


  • EIG Auction News February 2018:  February 2018 Newsletter ...read more


  • EIG Auction News: Essential Auction News Welcome to the November newsletter that looks back...read more


  • EIG Monthly Newsletter October 2017: Essential Auction News Welcome to the October newsletter that looks back ...read more


  • 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


Year-end property auction newsletter shows rising sales and increased revenues

Go to our homepage

Monthly News Update

Overall Statistics December 2013

Auctions Held in the UK

125

Total Lots Offered

3,426

Total Lots Sold

2,675

Percent Sold

78.1%

Total Realised

£474,095,012

 

Auction Data for December 2013

 

Difficulty reading the figures?

The figures below should appear in a 'table' format. If for any reason they do not, you can view the newsletter online at http://www.eigroup.co.uk/market-data/newsletters/2014/january.html

Essential Auction News

David Sandeman, Managing Director

Welcome to the first newsletter of 2014, which looks back at auction activity during December and the 3-month and 12-month periods. Throughout 2013 we saw a strengthening market, with auction sales rising and revenues swelling to often record-breaking levels. December's figures epitomised this trend, with auction sales up 8% on 2012 to 2,675 lots and amounts raised up almost £100M - a rise of 25% on the previous year - more on this below.

I will shortly be publishing our annual market review which will offer more detailed analysis of the year's activity, so do please look out for that. In the meantime if you have any questions or comments regarding the market then I would be glad to hear from you.

Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk
01737 232 289

National Auction Analysis

The tables below show increases in nearly every metric measured. Only slight falls are evident in the number of lots offered in the residential market, where 100 fewer lots went to auction in December when compared with 2012 (a 3.7% decrease). However sales were up 3%, and the amount raised was up £50M to £295M (a 20% rise) - a record total for December.

Figures for Q4 show slight gains made in lots offered across both the residential and commercial sectors (up 1.7% and 2.8% respectively), however the 7% gains made in auction sales helped push revenues up by 14% (up to £730M for residential property and £411M for commercial property).

It is clear to see that auctions continue to provide an attractive and effective means of buying and selling property, and I do hope that the industry maintains or improves upon this position in 2014.

 

Total

Last Month

Last Quarter

Last Year

December 2013

December 2012

Increase

October 2013 - December 2013

October 2012 - December 2012

Increase

January 2013 - December 2013

January 2012 - December 2012

Increase

Lots Offered

3,426

3,371

1.6%

9,435

9,257

1.9%

34,030

34,065

-0.1%

Lots Sold

2,675

2,469

8.3%

7,305

6,841

6.8%

26,458

25,539

3.6%

Percent Sold

78.1%

73.2%

6.7%

77.4%

73.9%

4.7%

77.7%

75%

3.6%

Total Raised

£474,095,012

£379,550,738

24.9%

£1,141,610,222

£1,003,493,018

13.8%

£3,828,973,311

£3,498,282,379

9.5%

 

Residential

Last Month

Last Quarter

Last Year

December 2013

December 2012

Increase

October 2013 - December 2013

October 2012 - December 2012

Increase

January 2013 - December 2013

January 2012 - December 2012

Increase

Lots Offered

2,610

2,710

-3.7%

7,380

7,258

1.7%

27,486

27,831

-1.2%

Lots Sold

2,049

1,990

3.0%

5,720

5,360

6.7%

21,395

20,915

2.3%

Percent Sold

78.5%

73.4%

6.9%

77.5%

73.8%

5.0%

77.8%

75.2%

3.5%

Total Raised

£295,350,690

£245,393,095

20.4%

£730,042,690

£643,424,627

13.5%

£2,684,061,274

£2,474,354,246

8.5%

 

Commercial

Last Month

Last Quarter

Last Year

December 2013

December 2012

Increase

October 2013 - December 2013

October 2012 - December 2012

Increase

January 2013 - December 2013

January 2012 - December 2012

Increase

Lots Offered

816

661

23.4%

2,055

1,999

2.8%

6,544

6,234

5.0%

Lots Sold

626

479

30.7%

1,585

1,481

7.0%

5,063

4,626

9.4%

Percent Sold

76.7%

72.5%

5.8%

77.1%

74.1%

4.0%

77.4%

74.2%

4.3%

Total Raised

£178,744,322

£134,157,643

33.2%

£411,567,532

£360,068,391

14.3%

£1,144,912,037

£1,024,063,133

11.8%

 

 

Regional Auction Analysis

As is usually the case, variations across all the measurable parameters can be seen across the regions.

East Anglia

Total

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

342

291

17.5%

Lots Sold

272

225

20.9%

Percent Sold

79.5%

77.3%

2.8%

Total Raised

£42,690,499

£31,244,350

36.6%

 

Residential

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

241

239

0.8%

Lots Sold

189

183

3.3%

Percent Sold

78.4%

76.6%

2.3%

Total Raised

£24,709,100

£21,561,350

14.6%

 

Commercial

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

101

52

94.2%

Lots Sold

83

42

97.6%

Percent Sold

82.2%

80.8%

1.7%

Total Raised

£17,981,399

£9,683,000

85.7%

 

East Midlands

Total

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

720

731

-1.5%

Lots Sold

559

553

1.1%

Percent Sold

77.6%

75.6%

2.6%

Total Raised

£68,708,409

£68,748,355

-0.1%

 

Residential

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

576

594

-3.0%

Lots Sold

445

452

-1.5%

Percent Sold

77.3%

76.1%

1.6%

Total Raised

£44,927,199

£39,690,105

13.2%

 

Commercial

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

144

137

5.1%

Lots Sold

114

101

12.9%

Percent Sold

79.2%

73.7%

7.5%

Total Raised

£23,781,210

£29,058,250

-18.2%

 

London

Total

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

824

801

2.9%

Lots Sold

729

668

9.1%

Percent Sold

88.5%

83.4%

6.1%

Total Raised

£263,056,150

£229,823,145

14.5%

 

Residential

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

706

714

-1.1%

Lots Sold

631

598

5.5%

Percent Sold

89.4%

83.8%

6.7%

Total Raised

£210,605,650

£195,819,645

7.6%

 

Commercial

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

118

87

35.6%

Lots Sold

98

70

40.0%

Percent Sold

83.1%

80.5%

3.2%

Total Raised

£52,450,500

£34,003,500

54.3%

 

North-East

Total

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

893

803

11.2%

Lots Sold

648

574

12.9%

Percent Sold

72.6%

71.5%

1.5%

Total Raised

£57,391,244

£46,138,438

24.4%

 

Residential

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

787

720

9.3%

Lots Sold

567

516

9.9%

Percent Sold

72%

71.7%

0.4%

Total Raised

£41,648,994

£35,746,688

16.5%

 

Commercial

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

106

83

27.7%

Lots Sold

81

58

39.7%

Percent Sold

76.4%

69.9%

9.3%

Total Raised

£15,742,250

£10,391,750

51.5%

 

North-West

Total

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

1,541

1,597

-3.5%

Lots Sold

1,190

1,134

4.9%

Percent Sold

77.2%

71%

8.7%

Total Raised

£120,511,226

£102,317,468

17.8%

 

Residential

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

1,207

1,222

-1.2%

Lots Sold

941

878

7.2%

Percent Sold

78%

71.8%

8.6%

Total Raised

£74,366,666

£62,882,929

18.3%

 

Commercial

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

334

375

-10.9%

Lots Sold

249

256

-2.7%

Percent Sold

74.6%

68.3%

9.2%

Total Raised

£46,144,560

£39,434,539

17.0%

 

North-West Home Counties

Total

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

406

390

4.1%

Lots Sold

314

311

1.0%

Percent Sold

77.3%

79.7%

-3.0%

Total Raised

£87,077,450

£92,660,350

-6.0%

 

Residential

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

295

277

6.5%

Lots Sold

234

211

10.9%

Percent Sold

79.3%

76.2%

4.1%

Total Raised

£46,483,200

£40,018,400

16.2%

 

Commercial

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

111

113

-1.8%

Lots Sold

80

100

-20.0%

Percent Sold

72.1%

88.5%

-18.5%

Total Raised

£40,594,250

£52,641,950

-22.9%

 

Northern Ireland

Total

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

212

285

-25.6%

Lots Sold

148

186

-20.4%

Percent Sold

69.8%

65.3%

6.9%

Total Raised

£8,977,000

£10,294,050

-12.8%

 

Residential

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

173

267

-35.2%

Lots Sold

118

172

-31.4%

Percent Sold

68.2%

64.4%

5.9%

Total Raised

£5,991,000

£9,354,300

-36.0%

 

Commercial

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

39

18

116.7%

Lots Sold

30

14

114.3%

Percent Sold

76.9%

77.8%

-1.2%

Total Raised

£2,986,000

£939,750

217.7%

 

Scotland

Total

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

333

316

5.4%

Lots Sold

183

145

26.2%

Percent Sold

55%

45.9%

19.8%

Total Raised

£14,689,050

£14,773,250

-0.6%

 

Residential

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

254

241

5.4%

Lots Sold

139

103

35.0%

Percent Sold

54.7%

42.7%

28.1%

Total Raised

£7,672,200

£5,824,050

31.7%

 

Commercial

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

79

75

5.3%

Lots Sold

44

42

4.8%

Percent Sold

55.7%

56%

-0.5%

Total Raised

£7,016,850

£8,949,200

-21.6%

 

South-East Home Counties

Total

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

973

1,051

-7.4%

Lots Sold

808

796

1.5%

Percent Sold

83%

75.7%

9.6%

Total Raised

£186,512,445

£155,783,652

19.7%

 

Residential

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

683

749

-8.8%

Lots Sold

566

567

-0.2%

Percent Sold

82.9%

75.7%

9.5%

Total Raised

£90,363,945

£76,285,450

18.5%

 

Commercial

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

290

302

-4.0%

Lots Sold

242

229

5.7%

Percent Sold

83.4%

75.8%

10.0%

Total Raised

£96,148,500

£79,498,202

20.9%

 

South-West

Total

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

672

661

1.7%

Lots Sold

492

486

1.2%

Percent Sold

73.2%

73.5%

-0.4%

Total Raised

£87,136,000

£71,741,610

21.5%

 

Residential

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

477

401

19.0%

Lots Sold

338

285

18.6%

Percent Sold

70.9%

71.1%

-0.3%

Total Raised

£52,961,250

£39,927,900

32.6%

 

Commercial

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

195

260

-25.0%

Lots Sold

154

201

-23.4%

Percent Sold

79%

77.3%

2.2%

Total Raised

£34,174,750

£31,813,710

7.4%

 

Wales

Total

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

558

562

-0.7%

Lots Sold

431

417

3.4%

Percent Sold

77.2%

74.2%

4.0%

Total Raised

£36,984,414

£36,045,710

2.6%

 

Residential

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

418

408

2.5%

Lots Sold

326

300

8.7%

Percent Sold

78%

73.5%

6.1%

Total Raised

£26,770,201

£22,793,710

17.4%

 

Commercial

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

140

154

-9.1%

Lots Sold

105

117

-10.3%

Percent Sold

75%

76%

-1.3%

Total Raised

£10,214,213

£13,252,000

-22.9%

 

West Midlands

Total

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

1,016

864

17.6%

Lots Sold

826

676

22.2%

Percent Sold

81.3%

78.2%

4.0%

Total Raised

£97,160,150

£78,493,790

23.8%

 

Residential

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

797

672

18.6%

Lots Sold

652

531

22.8%

Percent Sold

81.8%

79%

3.5%

Total Raised

£60,133,650

£45,213,550

33.0%

 

Commercial

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

219

192

14.1%

Lots Sold

174

145

20.0%

Percent Sold

79.5%

75.5%

5.3%

Total Raised

£37,026,500

£33,280,240

11.3%

 

Yorkshire and The Humber

Total

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

945

905

4.4%

Lots Sold

705

670

5.2%

Percent Sold

74.6%

74%

0.8%

Total Raised

£70,716,185

£65,428,850

8.1%

 

Residential

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

766

754

1.6%

Lots Sold

574

564

1.8%

Percent Sold

74.9%

74.8%

0.1%

Total Raised

£43,409,635

£48,306,550

-10.1%

 

Commercial

October 2013 - December 2013

October 2012 - December 2012

Increase

Lots Offered

179

151

18.5%

Lots Sold

131

106

23.6%

Percent Sold

73.2%

70.2%

4.3%

Total Raised

£27,306,550

£17,122,300

59.5%

 

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.