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


BRG Gibson Auctions - EIG Monthly Newsletter September 2014

Go to our homepage

Monthly News Update

Overall Statistics August 2014

Auctions Held in the UK

54

Total Lots Offered

907

Total Lots Sold

617

Percent Sold

68%

Total Realised

£56,281,350

 

Auction Data for August 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/september.html

Essential Auction News

David Sandeman, Managing Director

Welcome to the September newsletter that looks back at property auction activity in August and preceding periods. Figures show a slight dip in the monthly activity when compared with August 2013, with lots offered and lots sold both down 5% and 11% respectively whilst total raised fell by over 14% to £56M. However, being a relatively quiet month in the auction calendar one should probably look to the rolling quarterly and yearly figures for a more accurate account of the market's strength, and these both remain largely positive.

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

Kind regards

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

National Auction Analysis

Both residential and commercial markets suffered a dip in August, with falls in lots offered (5% residential, 7% commercial) and in lots sold (11% residential, 20% commercial).

The rolling quarterly figures show that the residential sector grew by 4% in terms of lots offered and 3% in lots sold, with a 9% gain in amounts raised. Conversely, commercial sector figures show a 1% fall in lots offered and a 4% fall in lots sold over the same period, however the amount raised continues to swell as figures show a 32% gain in this regard.

 

Total

Last Month

Last Quarter

Last Year

August 2014

August 2013

Increase

June 2014 - August 2014

June 2013 - August 2013

Increase

September 2013 - August 2014

September 2012 - August 2013

Increase

Lots Offered

907

956

-5.1%

8,083

7,832

3.2%

35,053

34,211

2.5%

Lots Sold

617

694

-11.1%

5,930

5,820

1.9%

27,105

26,121

3.8%

Percent Sold

68%

72.6%

-6.3%

73.4%

74.3%

-1.2%

77.3%

76.4%

1.2%

Total Raised

£56,281,350

£65,705,234

-14.3%

£898,750,223

£783,443,333

14.7%

£4,183,091,204

£3,643,239,031

14.8%

 

Residential

Last Month

Last Quarter

Last Year

August 2014

August 2013

Increase

June 2014 - August 2014

June 2013 - August 2013

Increase

September 2013 - August 2014

September 2012 - August 2013

Increase

Lots Offered

831

874

-4.9%

6,680

6,412

4.2%

28,335

27,796

1.9%

Lots Sold

567

633

-10.4%

4,929

4,777

3.2%

21,922

21,290

3.0%

Percent Sold

68.2%

72.4%

-5.8%

73.8%

74.5%

-0.9%

77.4%

76.6%

1.0%

Total Raised

£49,337,350

£59,264,634

-16.8%

£647,680,333

£593,701,639

9.1%

£2,908,208,434

£2,592,526,606

12.2%

 

Commercial

Last Month

Last Quarter

Last Year

August 2014

August 2013

Increase

June 2014 - August 2014

June 2013 - August 2013

Increase

September 2013 - August 2014

September 2012 - August 2013

Increase

Lots Offered

76

82

-7.3%

1,403

1,420

-1.2%

6,718

6,415

4.7%

Lots Sold

50

61

-18.0%

1,001

1,043

-4.0%

5,183

4,831

7.3%

Percent Sold

65.8%

74.4%

-11.6%

71.3%

73.5%

-3.0%

77.2%

75.3%

2.5%

Total Raised

£6,944,000

£6,440,600

7.8%

£251,069,890

£189,741,694

32.3%

£1,274,882,770

£1,050,712,425

21.3%

 

 

Regional Auction Analysis

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

East Anglia

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

286

229

24.9%

Lots Sold

234

176

33.0%

Percent Sold

81.8%

76.9%

6.4%

Total Raised

£28,928,200

£24,971,550

15.8%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

233

173

34.7%

Lots Sold

195

135

44.4%

Percent Sold

83.7%

78%

7.3%

Total Raised

£20,454,200

£15,737,550

30.0%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

53

56

-5.4%

Lots Sold

39

41

-4.9%

Percent Sold

73.6%

73.2%

0.5%

Total Raised

£8,474,000

£9,234,000

-8.2%

 

East Midlands

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

597

638

-6.4%

Lots Sold

437

484

-9.7%

Percent Sold

73.2%

75.9%

-3.6%

Total Raised

£53,431,350

£52,191,400

2.4%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

500

531

-5.8%

Lots Sold

370

407

-9.1%

Percent Sold

74%

76.6%

-3.4%

Total Raised

£43,006,600

£39,139,400

9.9%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

97

107

-9.3%

Lots Sold

67

77

-13.0%

Percent Sold

69.1%

72%

-4.0%

Total Raised

£10,424,750

£13,052,000

-20.1%

 

London

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

704

587

19.9%

Lots Sold

539

496

8.7%

Percent Sold

76.6%

84.5%

-9.3%

Total Raised

£221,591,550

£177,845,375

24.6%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

625

527

18.6%

Lots Sold

470

446

5.4%

Percent Sold

75.2%

84.6%

-11.1%

Total Raised

£166,974,450

£152,795,125

9.3%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

79

60

31.7%

Lots Sold

69

50

38.0%

Percent Sold

87.3%

83.3%

4.8%

Total Raised

£54,617,100

£25,050,250

118.0%

 

North-East

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

799

776

3.0%

Lots Sold

561

559

0.4%

Percent Sold

70.2%

72%

-2.5%

Total Raised

£43,559,150

£46,180,169

-5.7%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

752

718

4.7%

Lots Sold

532

518

2.7%

Percent Sold

70.7%

72.1%

-1.9%

Total Raised

£38,823,150

£40,998,420

-5.3%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

47

58

-19.0%

Lots Sold

29

41

-29.3%

Percent Sold

61.7%

70.7%

-12.7%

Total Raised

£4,736,000

£5,181,749

-8.6%

 

North-West

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

1,175

1,491

-21.2%

Lots Sold

844

1,142

-26.1%

Percent Sold

71.8%

76.6%

-6.3%

Total Raised

£86,791,398

£97,303,790

-10.8%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

894

1,185

-24.6%

Lots Sold

651

917

-29.0%

Percent Sold

72.8%

77.4%

-5.9%

Total Raised

£51,474,168

£70,608,305

-27.1%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

281

306

-8.2%

Lots Sold

193

225

-14.2%

Percent Sold

68.7%

73.5%

-6.5%

Total Raised

£35,317,230

£26,695,485

32.3%

 

North-West Home Counties

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

265

262

1.1%

Lots Sold

213

203

4.9%

Percent Sold

80.4%

77.5%

3.7%

Total Raised

£67,790,000

£47,333,400

43.2%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

197

207

-4.8%

Lots Sold

156

158

-1.3%

Percent Sold

79.2%

76.3%

3.8%

Total Raised

£40,340,350

£32,015,350

26.0%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

68

55

23.6%

Lots Sold

57

45

26.7%

Percent Sold

83.8%

81.8%

2.4%

Total Raised

£27,449,650

£15,318,050

79.2%

 

Northern Ireland

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

391

249

57.0%

Lots Sold

285

164

73.8%

Percent Sold

72.9%

65.9%

10.6%

Total Raised

£19,166,200

£9,160,400

109.2%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

345

229

50.7%

Lots Sold

252

149

69.1%

Percent Sold

73%

65.1%

12.1%

Total Raised

£16,248,700

£7,795,400

108.4%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

46

20

130.0%

Lots Sold

33

15

120.0%

Percent Sold

71.7%

75%

-4.4%

Total Raised

£2,917,500

£1,365,000

113.7%

 

Scotland

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

294

269

9.3%

Lots Sold

137

127

7.9%

Percent Sold

46.6%

47.2%

-1.3%

Total Raised

£7,790,350

£8,239,820

-5.5%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

231

215

7.4%

Lots Sold

106

95

11.6%

Percent Sold

45.9%

44.2%

3.8%

Total Raised

£4,706,350

£4,302,820

9.4%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

63

54

16.7%

Lots Sold

31

32

-3.1%

Percent Sold

49.2%

59.3%

-17.0%

Total Raised

£3,084,000

£3,937,000

-21.7%

 

South-East Home Counties

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

791

698

13.3%

Lots Sold

630

546

15.4%

Percent Sold

79.6%

78.2%

1.8%

Total Raised

£124,930,921

£101,130,100

23.5%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

666

536

24.3%

Lots Sold

528

421

25.4%

Percent Sold

79.3%

78.5%

1.0%

Total Raised

£91,212,721

£72,485,650

25.8%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

125

162

-22.8%

Lots Sold

102

125

-18.4%

Percent Sold

81.6%

77.2%

5.7%

Total Raised

£33,718,200

£28,644,450

17.7%

 

South-West

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

598

547

9.3%

Lots Sold

441

411

7.3%

Percent Sold

73.7%

75.1%

-1.9%

Total Raised

£86,910,510

£67,435,450

28.9%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

445

413

7.7%

Lots Sold

320

306

4.6%

Percent Sold

71.9%

74.1%

-3.0%

Total Raised

£58,545,350

£48,052,950

21.8%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

153

134

14.2%

Lots Sold

121

105

15.2%

Percent Sold

79.1%

78.4%

0.9%

Total Raised

£28,365,160

£19,382,500

46.3%

 

Wales

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

550

514

7.0%

Lots Sold

385

389

-1.0%

Percent Sold

70%

75.7%

-7.5%

Total Raised

£31,761,694

£32,388,710

-1.9%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

424

392

8.2%

Lots Sold

301

308

-2.3%

Percent Sold

71%

78.6%

-9.7%

Total Raised

£23,188,194

£24,794,100

-6.5%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

126

122

3.3%

Lots Sold

84

81

3.7%

Percent Sold

66.7%

66.4%

0.5%

Total Raised

£8,573,500

£7,594,610

12.9%

 

West Midlands

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

875

705

24.1%

Lots Sold

672

523

28.5%

Percent Sold

76.8%

74.2%

3.5%

Total Raised

£73,441,000

£61,409,600

19.6%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

731

559

30.8%

Lots Sold

578

420

37.6%

Percent Sold

79.1%

75.1%

5.3%

Total Raised

£54,547,750

£44,771,000

21.8%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

144

146

-1.4%

Lots Sold

94

103

-8.7%

Percent Sold

65.3%

70.5%

-7.4%

Total Raised

£18,893,250

£16,638,600

13.6%

 

Yorkshire and The Humber

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

758

867

-12.6%

Lots Sold

552

600

-8.0%

Percent Sold

72.8%

69.2%

5.2%

Total Raised

£52,657,900

£57,853,569

-9.0%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

637

727

-12.4%

Lots Sold

470

497

-5.4%

Percent Sold

73.8%

68.4%

7.9%

Total Raised

£38,158,350

£40,205,569

-5.1%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

121

140

-13.6%

Lots Sold

82

103

-20.4%

Percent Sold

67.8%

73.6%

-7.9%

Total Raised

£14,499,550

£17,648,000

-17.8%