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Strong set of results, as over 400 million was raised across 128 UK auctions - a huge increase of 50% on March 2013

Go to our homepage

Monthly News Update

Overall Statistics March 2014

Auctions Held in the UK

128

Total Lots Offered

2,880

Total Lots Sold

2,235

Percent Sold

77.6%

Total Realised

£401,949,291

 

Auction Data for March 2014

 

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/april.html

Essential Auction News

David Sandeman, Managing Director

Welcome to the April newsletter that looks back at auction activity in March and preceding periods. I am pleased to report on another strong set of results, as over £400 million was raised across 128 UK auctions - a huge increase of 50% on March 2013. Lots offered rose 18%, to 2,880 lots, yet even more astonishing is that lots sold gained 25% to 2,235 lots.

This large increase can be partly attributed to a major London residential auction house holding their Spring auction in March this year as opposed to April last year. However, our historic figures reveal that the 2,235 lots sold is the greatest number ever recorded in March, surpassing the previous high of 2,220 lots sold in March 2007 when the market was at its peak.

As ever I would welcome any feedback or questions you may have regarding the newsletter or the wider market in general.

Kind regards

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

National Auction Analysis

In March the volume of residential lots offered increased by 16% and lots sold by 22%, with the market achieving a 77.5% sale rate. These are substantial numbers, notwithstanding the caveat mentioned above, and it is certainly good to see that demand and interest in property auctions continues to rise.

Figures for the commercial sector are some of the strongest seen in recent times, as double-digit increases are evident in 9 out of the 12 metrics measured. 120 more lots were sold last month when compared with March 2013 (up 36%), whilst the amount raised swelled by a massive 64% to £143.8m.

A brief glance through the regional tables shows that the growth in property auctions has been spread throughout the UK, as 11 of the 13 regions analysed saw an increase in lots sold and amount raised in Q1 2014 when compared with Q1 2013.

 

Total

Last Month

Last Quarter

Last Year

March 2014

March 2013

Increase

January 2014 - March 2014

January 2013 - March 2013

Increase

April 2013 - March 2014

April 2012 - March 2013

Increase

Lots Offered

2,880

2,452

17.5%

7,464

6,925

7.8%

34,626

33,762

2.6%

Lots Sold

2,235

1,792

24.7%

5,785

5,279

9.6%

26,858

25,323

6.1%

Percent Sold

77.6%

73.1%

6.2%

77.5%

76.2%

1.7%

77.6%

75%

3.5%

Total Raised

£401,949,291

£268,612,230

49.6%

£934,808,686

£753,214,325

24.1%

£3,971,378,108

£3,459,259,483

14.8%

 

Residential

Last Month

Last Quarter

Last Year

March 2014

March 2013

Increase

January 2014 - March 2014

January 2013 - March 2013

Increase

April 2013 - March 2014

April 2012 - March 2013

Increase

Lots Offered

2,304

1,986

16.0%

5,991

5,590

7.2%

27,887

27,446

1.6%

Lots Sold

1,785

1,462

22.1%

4,633

4,307

7.6%

21,614

20,655

4.6%

Percent Sold

77.5%

73.6%

5.3%

77.3%

77%

0.4%

77.5%

75.3%

2.9%

Total Raised

£258,198,458

£181,109,330

42.6%

£647,553,088

£524,598,874

23.4%

£2,786,653,939

£2,446,554,977

13.9%

 

Commercial

Last Month

Last Quarter

Last Year

March 2014

March 2013

Increase

January 2014 - March 2014

January 2013 - March 2013

Increase

April 2013 - March 2014

April 2012 - March 2013

Increase

Lots Offered

576

466

23.6%

1,473

1,335

10.3%

6,739

6,316

6.7%

Lots Sold

450

330

36.4%

1,152

972

18.5%

5,244

4,668

12.3%

Percent Sold

78.1%

70.8%

10.3%

78.2%

72.8%

7.4%

77.8%

73.9%

5.3%

Total Raised

£143,750,833

£87,502,900

64.3%

£287,255,598

£228,615,451

25.7%

£1,184,724,169

£1,012,704,506

17.0%

 

 

Regional Auction Analysis

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

East Anglia

Total

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

200

151

32.5%

Lots Sold

174

126

38.1%

Percent Sold

87%

83.4%

4.3%

Total Raised

£31,154,805

£20,754,000

50.1%

 

Residential

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

133

117

13.7%

Lots Sold

113

98

15.3%

Percent Sold

85%

83.8%

1.4%

Total Raised

£15,811,305

£11,434,500

38.3%

 

Commercial

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

67

34

97.1%

Lots Sold

61

28

117.9%

Percent Sold

91%

82.4%

10.4%

Total Raised

£15,343,500

£9,319,500

64.6%

 

East Midlands

Total

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

564

516

9.3%

Lots Sold

435

397

9.6%

Percent Sold

77.1%

76.9%

0.3%

Total Raised

£50,857,243

£42,323,500

20.2%

 

Residential

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

471

428

10.0%

Lots Sold

369

329

12.2%

Percent Sold

78.3%

76.9%

1.8%

Total Raised

£37,376,293

£31,021,000

20.5%

 

Commercial

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

93

88

5.7%

Lots Sold

66

68

-2.9%

Percent Sold

71%

77.3%

-8.2%

Total Raised

£13,480,950

£11,302,500

19.3%

 

London

Total

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

724

695

4.2%

Lots Sold

640

594

7.7%

Percent Sold

88.4%

85.5%

3.4%

Total Raised

£258,430,570

£201,176,543

28.5%

 

Residential

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

653

622

5.0%

Lots Sold

573

535

7.1%

Percent Sold

87.7%

86%

2.0%

Total Raised

£210,018,470

£161,358,543

30.2%

 

Commercial

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

71

73

-2.7%

Lots Sold

67

59

13.6%

Percent Sold

94.4%

80.8%

16.8%

Total Raised

£48,412,100

£39,818,000

21.6%

 

North-East

Total

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

828

868

-4.6%

Lots Sold

593

641

-7.5%

Percent Sold

71.6%

73.8%

-3.0%

Total Raised

£53,182,819

£50,864,060

4.6%

 

Residential

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

750

801

-6.4%

Lots Sold

536

597

-10.2%

Percent Sold

71.5%

74.5%

-4.0%

Total Raised

£40,615,069

£44,568,360

-8.9%

 

Commercial

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

78

67

16.4%

Lots Sold

57

44

29.5%

Percent Sold

73.1%

65.7%

11.3%

Total Raised

£12,567,750

£6,295,700

99.6%

 

North-West

Total

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

1,127

1,078

4.5%

Lots Sold

800

817

-2.1%

Percent Sold

71%

75.8%

-6.3%

Total Raised

£73,012,900

£74,037,412

-1.4%

 

Residential

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

867

812

6.8%

Lots Sold

626

628

-0.3%

Percent Sold

72.2%

77.3%

-6.6%

Total Raised

£48,048,800

£43,777,067

9.8%

 

Commercial

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

260

266

-2.3%

Lots Sold

174

189

-7.9%

Percent Sold

66.9%

71.1%

-5.9%

Total Raised

£24,964,100

£30,260,345

-17.5%

 

North-West Home Counties

Total

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

293

251

16.7%

Lots Sold

244

204

19.6%

Percent Sold

83.3%

81.3%

2.5%

Total Raised

£78,511,425

£49,227,700

59.5%

 

Residential

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

200

185

8.1%

Lots Sold

165

151

9.3%

Percent Sold

82.5%

81.6%

1.1%

Total Raised

£41,089,550

£30,855,500

33.2%

 

Commercial

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

93

66

40.9%

Lots Sold

79

53

49.1%

Percent Sold

84.9%

80.3%

5.7%

Total Raised

£37,421,875

£18,372,200

103.7%

 

Northern Ireland

Total

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

236

193

22.3%

Lots Sold

181

143

26.6%

Percent Sold

76.7%

74.1%

3.5%

Total Raised

£13,228,300

£7,307,800

81.0%

 

Residential

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

201

181

11.0%

Lots Sold

151

137

10.2%

Percent Sold

75.1%

75.7%

-0.8%

Total Raised

£11,019,300

£6,673,800

65.1%

 

Commercial

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

35

12

191.7%

Lots Sold

30

6

400.0%

Percent Sold

85.7%

50%

71.4%

Total Raised

£2,209,000

£634,000

248.4%

 

Scotland

Total

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

238

243

-2.1%

Lots Sold

140

132

6.1%

Percent Sold

58.8%

54.3%

8.3%

Total Raised

£20,773,532

£10,646,700

95.1%

 

Residential

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

180

193

-6.7%

Lots Sold

101

104

-2.9%

Percent Sold

56.1%

53.9%

4.1%

Total Raised

£6,130,932

£5,726,350

7.1%

 

Commercial

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

58

50

16.0%

Lots Sold

39

28

39.3%

Percent Sold

67.2%

56%

20.0%

Total Raised

£14,642,600

£4,920,350

197.6%

 

South-East Home Counties

Total

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

882

800

10.3%

Lots Sold

750

630

19.0%

Percent Sold

85%

78.8%

7.9%

Total Raised

£142,565,625

£122,598,071

16.3%

 

Residential

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

709

607

16.8%

Lots Sold

605

489

23.7%

Percent Sold

85.3%

80.6%

5.8%

Total Raised

£102,236,925

£71,314,071

43.4%

 

Commercial

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

173

193

-10.4%

Lots Sold

145

141

2.8%

Percent Sold

83.8%

73.1%

14.6%

Total Raised

£40,328,700

£51,284,000

-21.4%

 

South-West

Total

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

432

394

9.6%

Lots Sold

335

295

13.6%

Percent Sold

77.5%

74.9%

3.5%

Total Raised

£57,481,739

£40,669,006

41.3%

 

Residential

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

286

291

-1.7%

Lots Sold

218

212

2.8%

Percent Sold

76.2%

72.9%

4.5%

Total Raised

£33,776,289

£28,907,450

16.8%

 

Commercial

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

146

103

41.7%

Lots Sold

117

83

41.0%

Percent Sold

80.1%

80.6%

-0.6%

Total Raised

£23,705,450

£11,761,556

101.6%

 

Wales

Total

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

461

449

2.7%

Lots Sold

365

331

10.3%

Percent Sold

79.2%

73.7%

7.5%

Total Raised

£32,527,300

£35,844,550

-9.3%

 

Residential

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

338

310

9.0%

Lots Sold

263

231

13.9%

Percent Sold

77.8%

74.5%

4.4%

Total Raised

£19,868,200

£19,902,450

-0.2%

 

Commercial

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

123

139

-11.5%

Lots Sold

102

100

2.0%

Percent Sold

82.9%

71.9%

15.3%

Total Raised

£12,659,100

£15,942,100

-20.6%

 

West Midlands

Total

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

661

621

6.4%

Lots Sold

513

464

10.6%

Percent Sold

77.6%

74.7%

3.9%

Total Raised

£59,976,155

£50,348,633

19.1%

 

Residential

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

558

481

16.0%

Lots Sold

431

364

18.4%

Percent Sold

77.2%

75.7%

2.0%

Total Raised

£42,848,205

£33,128,683

29.3%

 

Commercial

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

103

140

-26.4%

Lots Sold

82

100

-18.0%

Percent Sold

79.6%

71.4%

11.5%

Total Raised

£17,127,950

£17,219,950

-0.5%

 

Yorkshire and The Humber

Total

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

818

666

22.8%

Lots Sold

615

505

21.8%

Percent Sold

75.2%

75.8%

-0.8%

Total Raised

£63,106,273

£47,416,350

33.1%

 

Residential

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

645

562

14.8%

Lots Sold

482

432

11.6%

Percent Sold

74.7%

76.9%

-2.9%

Total Raised

£38,713,750

£35,931,100

7.7%

 

Commercial

January 2014 - March 2014

January 2013 - March 2013

Increase

Lots Offered

173

104

66.3%

Lots Sold

133

73

82.2%

Percent Sold

76.9%

70.2%

9.5%

Total Raised

£24,392,523

£11,485,250

112.4%