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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

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