BRG Gibson Auctions | Property Auction, property for sale and to let, Northern Ireland, Republic of Ireland

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

EIG Monthly Newsletter January 2015

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%

Your Comments

If you would like to comment on anything in this email, or have any suggestions for future newsletters, we would like to hear from you. So please email us anytime.

Gibson Auctions