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

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%

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