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EIG Monthly Newsletter October 2014

Go to our homepage

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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