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EIG Monthly Newsletter January 2015

Go to our homepage

Monthly News Update

Overall Statistics December 2014

Auctions Held in the UK

134

Total Lots Offered

3,473

Total Lots Sold

2,605

Percent Sold

75%

Total Realised

£491,153,403

 

Auction Data for December 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/2015/january.html

Essential Auction News

David Sandeman, Managing Director

Welcome to the first newsletter of 2015 which looks back at auction activity in December and preceding periods. The auction market was largely unchanged in December, with only marginal differences in the number of lots offered and sold compared with December 2013. The amount raised from auction sales, which saw substantial increases throughout 2014, totalled in excess of £491m for the month; a 3.6% gain on December 2013 and the largest amount achieved in December since 2007.

I am pleased to report that I have just published a residential auction market review for 2014, which provides a detailed account of the trends witnessed in the market over the last few years - you can read it here.

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

The commercial auction market started very brightly in 2014, with instructions and sales volumes increasing through the first half of the year. However, growth slowed during the Summer months, and the past few newsletters have all shown a slight fall in activity which resonates in the quarterly figures shown below - lots offered down 5.4% and lots sold down 4% on Q4 2013.

Overall though the commercial market fared comparatively with 2013, and an annual average sale rate of 77.7% and a 15% rise in commercial receipts make positive reading.

In the residential sector, the gavel fell on 21,834 lots during 2014 - a 2.1% increase on 2013. More significantly, this sets a new record for the highest number of residential sales in a calendar year, surpassing the previous high recorded in 2007. We have also seen the amount raised at residential auctions increase throughout the year, often in double-digit percentage terms, and the yearly figures below show the total has broken through the £3bn mark for the first time in 7 years - a fantastic achievement for the industry.

 

Total

Last Month

Last Quarter

Last Year

December 2014

December 2013

Increase

October 2014 - December 2014

October 2013 - December 2013

Increase

January 2014 - December 2014

January 2013 - December 2013

Increase

Lots Offered

3,473

3,426

1.4%

9,444

9,435

0.1%

35,003

34,030

2.9%

Lots Sold

2,605

2,675

-2.6%

7,060

7,305

-3.4%

26,867

26,458

1.5%

Percent Sold

75%

78.1%

-4.0%

74.8%

77.4%

-3.4%

76.8%

77.7%

-1.2%

Total Raised

£491,153,403

£474,095,012

3.6%

£1,259,500,889

£1,141,610,222

10.3%

£4,378,420,022

£3,828,973,311

14.3%

 

Residential

Last Month

Last Quarter

Last Year

December 2014

December 2013

Increase

October 2014 - December 2014

October 2013 - December 2013

Increase

January 2014 - December 2014

January 2013 - December 2013

Increase

Lots Offered

2,712

2,610

3.9%

7,499

7,380

1.6%

28,525

27,486

3.8%

Lots Sold

2,008

2,049

-2.0%

5,538

5,720

-3.2%

21,834

21,395

2.1%

Percent Sold

74%

78.5%

-5.7%

73.8%

77.5%

-4.8%

76.5%

77.8%

-1.7%

Total Raised

£309,260,382

£295,350,690

4.7%

£813,246,537

£730,042,690

11.4%

£3,058,368,935

£2,684,061,274

13.9%

 

Commercial

Last Month

Last Quarter

Last Year

December 2014

December 2013

Increase

October 2014 - December 2014

October 2013 - December 2013

Increase

January 2014 - December 2014

January 2013 - December 2013

Increase

Lots Offered

761

816

-6.7%

1,945

2,055

-5.4%

6,478

6,544

-1.0%

Lots Sold

597

626

-4.6%

1,522

1,585

-4.0%

5,033

5,063

-0.6%

Percent Sold

78.4%

76.7%

2.2%

78.3%

77.1%

1.6%

77.7%

77.4%

0.4%

Total Raised

£181,893,021

£178,744,322

1.8%

£446,254,352

£411,567,532

8.4%

£1,320,051,087

£1,144,912,037

15.3%

 

 

Regional Auction Analysis

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

East Anglia

Total

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

321

342

-6.1%

Lots Sold

252

272

-7.4%

Percent Sold

78.5%

79.5%

-1.3%

Total Raised

£44,573,750

£42,690,499

4.4%

 

Residential

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

261

241

8.3%

Lots Sold

204

189

7.9%

Percent Sold

78.2%

78.4%

-0.3%

Total Raised

£28,587,750

£24,709,100

15.7%

 

Commercial

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

60

101

-40.6%

Lots Sold

48

83

-42.2%

Percent Sold

80%

82.2%

-2.7%

Total Raised

£15,986,000

£17,981,399

-11.1%

 

East Midlands

Total

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

778

720

8.1%

Lots Sold

581

559

3.9%

Percent Sold

74.7%

77.6%

-3.7%

Total Raised

£82,306,905

£68,708,409

19.8%

 

Residential

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

612

576

6.3%

Lots Sold

445

445

0.0%

Percent Sold

72.7%

77.3%

-6.0%

Total Raised

£48,138,855

£44,927,199

7.1%

 

Commercial

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

166

144

15.3%

Lots Sold

136

114

19.3%

Percent Sold

81.9%

79.2%

3.4%

Total Raised

£34,168,050

£23,781,210

43.7%

 

London

Total

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

830

824

0.7%

Lots Sold

656

729

-10.0%

Percent Sold

79%

88.5%

-10.7%

Total Raised

£294,362,350

£263,056,150

11.9%

 

Residential

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

754

706

6.8%

Lots Sold

589

631

-6.7%

Percent Sold

78.1%

89.4%

-12.6%

Total Raised

£247,887,850

£210,605,650

17.7%

 

Commercial

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

76

118

-35.6%

Lots Sold

67

98

-31.6%

Percent Sold

88.2%

83.1%

6.1%

Total Raised

£46,474,500

£52,450,500

-11.4%

 

North-East

Total

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

781

893

-12.5%

Lots Sold

565

648

-12.8%

Percent Sold

72.3%

72.6%

-0.4%

Total Raised

£49,860,095

£57,391,244

-13.1%

 

Residential

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

691

787

-12.2%

Lots Sold

494

567

-12.9%

Percent Sold

71.5%

72%

-0.7%

Total Raised

£33,371,595

£41,648,994

-19.9%

 

Commercial

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

90

106

-15.1%

Lots Sold

71

81

-12.3%

Percent Sold

78.9%

76.4%

3.3%

Total Raised

£16,488,500

£15,742,250

4.7%

 

North-West

Total

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

1,390

1,541

-9.8%

Lots Sold

1,000

1,190

-16.0%

Percent Sold

71.9%

77.2%

-6.9%

Total Raised

£112,174,658

£120,511,226

-6.9%

 

Residential

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

1,081

1,207

-10.4%

Lots Sold

781

941

-17.0%

Percent Sold

72.2%

78%

-7.4%

Total Raised

£66,406,261

£74,366,666

-10.7%

 

Commercial

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

309

334

-7.5%

Lots Sold

219

249

-12.0%

Percent Sold

70.9%

74.6%

-5.0%

Total Raised

£45,768,397

£46,144,560

-0.8%

 

North-West Home Counties

Total

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

406

406

0.0%

Lots Sold

321

314

2.2%

Percent Sold

79.1%

77.3%

2.3%

Total Raised

£113,328,927

£87,077,450

30.1%

 

Residential

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

300

295

1.7%

Lots Sold

229

234

-2.1%

Percent Sold

76.3%

79.3%

-3.8%

Total Raised

£58,553,777

£46,483,200

26.0%

 

Commercial

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

106

111

-4.5%

Lots Sold

92

80

15.0%

Percent Sold

86.8%

72.1%

20.4%

Total Raised

£54,775,150

£40,594,250

34.9%

 

Northern Ireland

Total

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

333

212

57.1%

Lots Sold

246

148

66.2%

Percent Sold

73.9%

69.8%

5.9%

Total Raised

£17,347,800

£8,977,000

93.2%

 

Residential

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

283

173

63.6%

Lots Sold

202

118

71.2%

Percent Sold

71.4%

68.2%

4.7%

Total Raised

£13,860,300

£5,991,000

131.4%

 

Commercial

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

50

39

28.2%

Lots Sold

44

30

46.7%

Percent Sold

88%

76.9%

14.4%

Total Raised

£3,487,500

£2,986,000

16.8%

 

Scotland

Total

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

346

333

3.9%

Lots Sold

180

183

-1.6%

Percent Sold

52%

55%

-5.5%

Total Raised

£15,128,755

£14,689,050

3.0%

 

Residential

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

272

254

7.1%

Lots Sold

136

139

-2.2%

Percent Sold

50%

54.7%

-8.6%

Total Raised

£6,629,405

£7,672,200

-13.6%

 

Commercial

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

74

79

-6.3%

Lots Sold

44

44

0.0%

Percent Sold

59.5%

55.7%

6.8%

Total Raised

£8,499,350

£7,016,850

21.1%

 

South-East Home Counties

Total

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

1,057

973

8.6%

Lots Sold

842

808

4.2%

Percent Sold

79.7%

83%

-4.0%

Total Raised

£197,655,196

£186,512,445

6.0%

 

Residential

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

762

683

11.6%

Lots Sold

609

566

7.6%

Percent Sold

79.9%

82.9%

-3.6%

Total Raised

£117,193,241

£90,363,945

29.7%

 

Commercial

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

295

290

1.7%

Lots Sold

233

242

-3.7%

Percent Sold

79%

83.4%

-5.3%

Total Raised

£80,461,955

£96,148,500

-16.3%

 

South-West

Total

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

676

672

0.6%

Lots Sold

506

492

2.8%

Percent Sold

74.9%

73.2%

2.3%

Total Raised

£107,109,550

£87,136,000

22.9%

 

Residential

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

482

477

1.0%

Lots Sold

343

338

1.5%

Percent Sold

71.2%

70.9%

0.4%

Total Raised

£55,913,800

£52,961,250

5.6%

 

Commercial

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

194

195

-0.5%

Lots Sold

163

154

5.8%

Percent Sold

84%

79%

6.3%

Total Raised

£51,195,750

£34,174,750

49.8%

 

Wales

Total

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

691

558

23.8%

Lots Sold

534

431

23.9%

Percent Sold

77.3%

77.2%

0.1%

Total Raised

£56,844,754

£36,984,414

53.7%

 

Residential

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

503

418

20.3%

Lots Sold

384

326

17.8%

Percent Sold

76.3%

78%

-2.2%

Total Raised

£30,591,254

£26,770,201

14.3%

 

Commercial

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

188

140

34.3%

Lots Sold

150

105

42.9%

Percent Sold

79.8%

75%

6.4%

Total Raised

£26,253,500

£10,214,213

157.0%

 

West Midlands

Total

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

961

1,016

-5.4%

Lots Sold

743

826

-10.0%

Percent Sold

77.3%

81.3%

-4.9%

Total Raised

£97,811,450

£97,160,150

0.7%

 

Residential

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

773

797

-3.0%

Lots Sold

593

652

-9.0%

Percent Sold

76.7%

81.8%

-6.2%

Total Raised

£59,663,250

£60,133,650

-0.8%

 

Commercial

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

188

219

-14.2%

Lots Sold

150

174

-13.8%

Percent Sold

79.8%

79.5%

0.4%

Total Raised

£38,148,200

£37,026,500

3.0%

 

Yorkshire and The Humber

Total

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

874

945

-7.5%

Lots Sold

634

705

-10.1%

Percent Sold

72.5%

74.6%

-2.8%

Total Raised

£70,996,699

£70,716,185

0.4%

 

Residential

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

725

766

-5.4%

Lots Sold

529

574

-7.8%

Percent Sold

73%

74.9%

-2.5%

Total Raised

£46,449,199

£43,409,635

7.0%

 

Commercial

October 2014 - December 2014

October 2013 - December 2013

Increase

Lots Offered

149

179

-16.8%

Lots Sold

105

131

-19.8%

Percent Sold

70.5%

73.2%

-3.7%

Total Raised

£24,547,500

£27,306,550

-10.1%

 

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