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EIG Monthly Newsletter October 2014

Monthly News Update

Overall Statistics September 2014
Auctions Held in the UK	205
Total Lots Offered	4,027
Total Lots Sold	2,879
Percent Sold	71.5%
Total Realised	£394,709,886

Auction Data for September 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 https://www.eigroup.co.uk/market-data/newsletters/2014/october.html

Essential Auction News

David Sandeman, Managing Director

Welcome to the October newsletter that looks back at property auction activity in September and preceding periods. There were 205 UK property auctions held during September - the highest number recorded since September 2011. Figures show that monthly lots offered was up 7.6% on September last year to 4,027 lots, mainly due to another strong showing in the residential market.

Lots sold increased by a more modest 1.5% whilst the total amount raised at UK auctions saw yet another double-digit percentage rise to £394.7M (up (10.9%). Sizeable gains were also made in the quarterly and yearly figures, with lots offered increasing by 6% and 4% respectively whilst total revenues grew by 11% and 16% respectively. Our historic data also shows that the 6,603 lots sold in Q3 is the highest number recorded in the third quarter since our records began in 1991, narrowly surpassing the 6,602 lots sold in Q3 2007 (see graph below).

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

Total lots sold and total raised at auction in Q3

Kind regards

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

National Auction Analysis

Despite a small dip in the sale rate, the residential market continued its upward trend with gains made in every other measurable metric. Notably, residential lots offered was up 10.9% in September to just shy of 3,500 lots, whilst the quarterly and yearly figures display equally strong gains of 8% and 4.5% respectively.

The commercial market experienced a challenging month, with lots offered and lots sold falling by 9.7% and 21.7% respectively. Figures for the rolling year remain positive, however, as lots offered and lots sold both saw increases of over 2% whilst total revenues have grown by over 19% in the past 12 months to £1.27bn.

Total

	Last Month			Last Quarter			Last Year
	September 2014	September 2013	Increase	July 2014 - September 2014	July 2013 - September 2013	Increase	October 2013 - September 2014	October 2012 - September 2013	Increase
Lots Offered	4,027	3,741	7.6%	9,168	8,637	6.1%	35,281	33,897	4.1%
Lots Sold	2,879	2,837	1.5%	6,603	6,512	1.4%	27,057	25,883	4.5%
Percent Sold	71.5%	75.8%	-5.7%	72%	75.4%	-4.5%	76.7%	76.4%	0.4%
Total Raised	£394,709,886	£355,776,898	10.9%	£995,005,017	£894,885,697	11.2%	£4,214,845,598	£3,642,663,262	15.7%

Residential

	Last Month			Last Quarter			Last Year
	September 2014	September 2013	Increase	July 2014 - September 2014	July 2013 - September 2013	Increase	October 2013 - September 2014	October 2012 - September 2013	Increase
Lots Offered	3,487	3,143	10.9%	7,698	7,129	8.0%	28,647	27,405	4.5%
Lots Sold	2,519	2,377	6.0%	5,588	5,376	3.9%	22,000	20,953	5.0%
Percent Sold	72.2%	75.6%	-4.5%	72.6%	75.4%	-3.7%	76.8%	76.5%	0.4%
Total Raised	£350,301,834	£306,812,828	14.2%	£744,759,835	£695,009,428	7.2%	£2,947,941,046	£2,580,064,049	14.3%

Commercial

	Last Month			Last Quarter			Last Year
	September 2014	September 2013	Increase	July 2014 - September 2014	July 2013 - September 2013	Increase	October 2013 - September 2014	October 2012 - September 2013	Increase
Lots Offered	540	598	-9.7%	1,470	1,508	-2.5%	6,634	6,492	2.2%
Lots Sold	360	460	-21.7%	1,015	1,136	-10.7%	5,057	4,930	2.6%
Percent Sold	66.7%	76.9%	-13.3%	69%	75.3%	-8.4%	76.2%	75.9%	0.4%
Total Raised	£44,408,052	£48,964,070	-9.3%	£250,245,182	£199,876,269	25.2%	£1,266,904,552	£1,062,599,213	19.2%

Regional Auction Analysis

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

East Anglia

Total
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	318	260	22.3%
Lots Sold	256	205	24.9%
Percent Sold	80.5%	78.8%	2.2%
Total Raised	£30,839,950	£27,769,450	11.1%

Residential
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	265	191	38.7%
Lots Sold	219	149	47.0%
Percent Sold	82.6%	78%	5.9%
Total Raised	£23,975,700	£18,147,550	32.1%

Commercial
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	53	69	-23.2%
Lots Sold	37	56	-33.9%
Percent Sold	69.8%	81.2%	-14.0%
Total Raised	£6,864,250	£9,621,900	-28.7%

East Midlands

Total
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	797	714	11.6%
Lots Sold	590	536	10.1%
Percent Sold	74%	75.1%	-1.5%
Total Raised	£65,049,799	£56,734,900	14.7%

Residential
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	680	592	14.9%
Lots Sold	512	447	14.5%
Percent Sold	75.3%	75.5%	-0.3%
Total Raised	£54,495,549	£42,642,600	27.8%

Commercial
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	117	122	-4.1%
Lots Sold	78	89	-12.4%
Percent Sold	66.7%	73%	-8.6%
Total Raised	£10,554,250	£14,092,300	-25.1%

London

Total
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	731	686	6.6%
Lots Sold	570	584	-2.4%
Percent Sold	78%	85.1%	-8.3%
Total Raised	£245,332,799	£211,412,225	16.0%

Residential
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	663	620	6.9%
Lots Sold	512	528	-3.0%
Percent Sold	77.2%	85.2%	-9.4%
Total Raised	£195,051,699	£183,550,475	6.3%

Commercial
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	68	66	3.0%
Lots Sold	58	56	3.6%
Percent Sold	85.3%	84.8%	0.6%
Total Raised	£50,281,100	£27,861,750	80.5%

North-East

Total
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	897	875	2.5%
Lots Sold	601	641	-6.2%
Percent Sold	67%	73.3%	-8.6%
Total Raised	£45,574,550	£53,889,569	-15.4%

Residential
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	838	811	3.3%
Lots Sold	566	594	-4.7%
Percent Sold	67.5%	73.2%	-7.8%
Total Raised	£40,820,050	£48,215,070	-15.3%

Commercial
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	59	64	-7.8%
Lots Sold	35	47	-25.5%
Percent Sold	59.3%	73.4%	-19.2%
Total Raised	£4,754,500	£5,674,499	-16.2%

North-West

Total
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	1,464	1,356	8.0%
Lots Sold	1,017	1,034	-1.6%
Percent Sold	69.5%	76.3%	-8.9%
Total Raised	£98,463,525	£90,296,485	9.0%

Residential
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	1,146	1,086	5.5%
Lots Sold	804	836	-3.8%
Percent Sold	70.2%	77%	-8.8%
Total Raised	£62,683,545	£66,749,755	-6.1%

Commercial
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	318	270	17.8%
Lots Sold	213	198	7.6%
Percent Sold	67%	73.3%	-8.6%
Total Raised	£35,779,980	£23,546,730	52.0%

North-West Home Counties

Total
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	292	302	-3.3%
Lots Sold	233	248	-6.0%
Percent Sold	79.8%	82.1%	-2.8%
Total Raised	£71,614,500	£58,303,111	22.8%

Residential
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	226	245	-7.8%
Lots Sold	178	200	-11.0%
Percent Sold	78.8%	81.6%	-3.4%
Total Raised	£43,344,500	£43,482,261	-0.3%

Commercial
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	66	57	15.8%
Lots Sold	55	48	14.6%
Percent Sold	83.3%	84.2%	-1.1%
Total Raised	£28,270,000	£14,820,850	90.7%

Northern Ireland

Total
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	216	210	2.9%
Lots Sold	128	136	-5.9%
Percent Sold	59.3%	64.8%	-8.5%
Total Raised	£7,803,050	£6,604,602	18.1%

Residential
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	202	204	-1.0%
Lots Sold	123	135	-8.9%
Percent Sold	60.9%	66.2%	-8.0%
Total Raised	£7,310,050	£6,568,602	11.3%

Commercial
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	14	6	133.3%
Lots Sold	5	1	400.0%
Percent Sold	35.7%	16.7%	113.8%
Total Raised	£493,000	£36,000	1,269.4%

Scotland

Total
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	287	301	-4.7%
Lots Sold	140	147	-4.8%
Percent Sold	48.8%	48.8%	0.0%
Total Raised	£8,047,000	£8,622,326	-6.7%

Residential
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	240	250	-4.0%
Lots Sold	118	120	-1.7%
Percent Sold	49.2%	48%	2.5%
Total Raised	£5,637,100	£5,157,826	9.3%

Commercial
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	47	51	-7.8%
Lots Sold	22	27	-18.5%
Percent Sold	46.8%	52.9%	-11.5%
Total Raised	£2,409,900	£3,464,500	-30.4%

South-East Home Counties

Total
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	902	845	6.7%
Lots Sold	713	659	8.2%
Percent Sold	79%	78%	1.3%
Total Raised	£146,532,096	£122,231,900	19.9%

Residential
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	767	663	15.7%
Lots Sold	606	518	17.0%
Percent Sold	79%	78.1%	1.2%
Total Raised	£109,567,196	£90,517,700	21.0%

Commercial
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	135	182	-25.8%
Lots Sold	107	141	-24.1%
Percent Sold	79.3%	77.5%	2.3%
Total Raised	£36,964,900	£31,714,200	16.6%

South-West

Total
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	713	586	21.7%
Lots Sold	515	470	9.6%
Percent Sold	72.2%	80.2%	-10.0%
Total Raised	£95,560,299	£78,367,050	21.9%

Residential
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	538	425	26.6%
Lots Sold	377	333	13.2%
Percent Sold	70.1%	78.4%	-10.6%
Total Raised	£65,747,999	£57,276,800	14.8%

Commercial
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	175	161	8.7%
Lots Sold	138	137	0.7%
Percent Sold	78.9%	85.1%	-7.3%
Total Raised	£29,812,300	£21,090,250	41.4%

Wales

Total
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	574	548	4.7%
Lots Sold	401	431	-7.0%
Percent Sold	69.9%	78.6%	-11.1%
Total Raised	£33,920,073	£36,236,200	-6.4%

Residential
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	453	426	6.3%
Lots Sold	319	337	-5.3%
Percent Sold	70.4%	79.1%	-11.0%
Total Raised	£25,371,572	£26,971,850	-5.9%

Commercial
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	121	122	-0.8%
Lots Sold	82	94	-12.8%
Percent Sold	67.8%	77%	-11.9%
Total Raised	£8,548,501	£9,264,350	-7.7%

West Midlands

Total
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	1,046	882	18.6%
Lots Sold	773	667	15.9%
Percent Sold	73.9%	75.6%	-2.2%
Total Raised	£82,817,226	£77,368,475	7.0%

Residential
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	879	705	24.7%
Lots Sold	665	537	23.8%
Percent Sold	75.7%	76.2%	-0.7%
Total Raised	£62,472,475	£56,739,375	10.1%

Commercial
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	167	177	-5.6%
Lots Sold	108	130	-16.9%
Percent Sold	64.7%	73.4%	-11.9%
Total Raised	£20,344,751	£20,629,100	-1.4%

Yorkshire and The Humber

Total
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	931	1,072	-13.2%
Lots Sold	666	754	-11.7%
Percent Sold	71.5%	70.3%	1.7%
Total Raised	£63,450,150	£67,049,404	-5.4%

Residential
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	801	911	-12.1%
Lots Sold	589	642	-8.3%
Percent Sold	73.5%	70.5%	4.3%
Total Raised	£48,282,400	£48,989,564	-1.4%

Commercial
	July 2014 - September 2014	July 2013 - September 2013	Increase
Lots Offered	130	161	-19.3%
Lots Sold	77	112	-31.3%
Percent Sold	59.2%	69.6%	-14.9%
Total Raised	£15,167,750	£18,059,840	-16.0%

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