Latest News:

  • 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


Auction Data for April 2015

Auction Data for April 2015

 

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/may.html

Essential Auction News

David Sandeman, Managing Director

Welcome to the May newsletter that looks back at auction activity in April and preceding periods. The number of lots offered and sold at auction has fallen for a fourth consecutive month, largely due to sizeable falls witnessed in the residential property market. A total of 2,680 lots went under the hammer last month, down almost 5% on April 2014, whilst lots sold fell 3.2% to 1,965 lots and the amount raised increased slightly, to £242.4m.

Now that the general election is over, and moreover the endless speculation and uncertainty that surrounded its outcome, one hopes that confidence can be restored in the housing market and we see a return to growth before too long. Whilst interest rates remain at a record low and the private treaty market has stock in short supply, buying a property at auction can still offer an excellent investment or development opportunity.

As ever I would welcome any comments or feedback you might 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

It's a tale of two sectors again in April, as the residential auction market suffered notable falls in contrast to sizeable gains made in the commercial market. Residential lots offered and lots sold were both down on April 2014, by 9% and 8.4% respectively, yet somewhat surprisingly the total raised grew by 2.5% to £206.8m.

The recent softening in the residential market is exemplified in the rolling quarterly figures, which show falls of 6% in lots offered and 7% in lots sold, but on a positive note we are still seeing a sale rate in the mid-seventies which remains comparative to the long-term average. However this is nothing like what we saw in 2008 - 2009 when we reported on quarterly falls of 31% in lots offered and 19% in lots sold, and a 35% drop in residential auction receipts. This would indicate that we are currently witnessing a market correction in terms of lots offered.

The commercial market enjoyed another strong month, with lots offered up nearly 18% on last year to 511 lots, and lots sold up a remarkable 28% to 372 lots. In contrast to the residential market, the rolling quarterly figures are a positive fare with lots offered up 6% and lots sold up nearly 9% on the equivalent period last year.

 

Total

Last Month

Last Quarter

Last Year

April 2015

April 2014

Increase

February 2015 - April 2015

February 2014 - April 2014

Increase

May 2014 - April 2015

May 2013 - April 2014

Increase

Lots Offered

2,680

2,818

-4.9%

9,368

9,758

-4.0%

34,682

34,734

-0.1%

Lots Sold

1,965

2,030

-3.2%

7,136

7,458

-4.3%

26,308

26,827

-1.9%

Percent Sold

73.3%

72%

1.8%

76.2%

76.4%

-0.3%

75.9%

77.2%

-1.7%

Total Raised

£242,438,823

£238,451,721

1.7%

£1,107,685,381

£1,142,468,119

-3.0%

£4,277,889,939

£3,986,232,112

7.3%

 

Residential

Last Month

Last Quarter

Last Year

April 2015

April 2014

Increase

February 2015 - April 2015

February 2014 - April 2014

Increase

May 2014 - April 2015

May 2013 - April 2014

Increase

Lots Offered

2,169

2,384

-9.0%

7,397

7,898

-6.3%

28,080

27,932

0.5%

Lots Sold

1,593

1,740

-8.4%

5,599

6,045

-7.4%

21,212

21,560

-1.6%

Percent Sold

73.4%

73%

0.5%

75.7%

76.5%

-1.0%

75.5%

77.2%

-2.2%

Total Raised

£206,870,373

£201,798,561

2.5%

£800,689,988

£821,435,261

-2.5%

£3,005,504,515

£2,789,978,535

7.7%

 

Commercial

Last Month

Last Quarter

Last Year

April 2015

April 2014

Increase

February 2015 - April 2015

February 2014 - April 2014

Increase

May 2014 - April 2015

May 2013 - April 2014

Increase

Lots Offered

511

434

17.7%

1,971

1,860

6.0%

6,602

6,802

-2.9%

Lots Sold

372

290

28.3%

1,537

1,413

8.8%

5,096

5,267

-3.2%

Percent Sold

72.8%

66.8%

9.0%

78%

76%

2.6%

77.2%

77.4%

-0.3%

Total Raised

£35,568,450

£36,653,160

-3.0%

£306,995,393

£321,032,858

-4.4%

£1,272,385,424

£1,196,253,577

6.4%

 

 

Regional Auction Analysis

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

East Anglia

Total

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

292

286

2.1%

Lots Sold

227

235

-3.4%

Percent Sold

77.7%

82.2%

-5.5%

Total Raised

£30,640,550

£39,886,555

-23.2%

 

Residential

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

208

207

0.5%

Lots Sold

163

166

-1.8%

Percent Sold

78.4%

80.2%

-2.2%

Total Raised

£20,052,050

£24,143,555

-16.9%

 

Commercial

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

84

79

6.3%

Lots Sold

64

69

-7.2%

Percent Sold

76.2%

87.3%

-12.7%

Total Raised

£10,588,500

£15,743,000

-32.7%

 

East Midlands

Total

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

771

737

4.6%

Lots Sold

604

575

5.0%

Percent Sold

78.3%

78%

0.4%

Total Raised

£68,678,001

£66,472,043

3.3%

 

Residential

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

595

620

-4.0%

Lots Sold

461

489

-5.7%

Percent Sold

77.5%

78.9%

-1.8%

Total Raised

£47,513,601

£49,861,993

-4.7%

 

Commercial

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

176

117

50.4%

Lots Sold

143

86

66.3%

Percent Sold

81.3%

73.5%

10.6%

Total Raised

£21,164,400

£16,610,050

27.4%

 

London

Total

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

774

896

-13.6%

Lots Sold

640

785

-18.5%

Percent Sold

82.7%

87.6%

-5.6%

Total Raised

£265,077,050

£312,486,370

-15.2%

 

Residential

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

713

814

-12.4%

Lots Sold

587

708

-17.1%

Percent Sold

82.3%

87%

-5.4%

Total Raised

£232,783,450

£259,339,270

-10.2%

 

Commercial

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

61

82

-25.6%

Lots Sold

53

77

-31.2%

Percent Sold

86.9%

93.9%

-7.5%

Total Raised

£32,293,600

£53,147,100

-39.2%

 

North-East

Total

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

837

971

-13.8%

Lots Sold

617

674

-8.5%

Percent Sold

73.7%

69.4%

6.2%

Total Raised

£51,396,931

£56,820,889

-9.5%

 

Residential

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

745

869

-14.3%

Lots Sold

552

604

-8.6%

Percent Sold

74.1%

69.5%

6.6%

Total Raised

£42,724,181

£43,501,639

-1.8%

 

Commercial

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

92

102

-9.8%

Lots Sold

65

70

-7.1%

Percent Sold

70.7%

68.6%

3.1%

Total Raised

£8,672,750

£13,319,250

-34.9%

 

North-West

Total

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

1,586

1,802

-12.0%

Lots Sold

1,129

1,290

-12.5%

Percent Sold

71.2%

71.6%

-0.6%

Total Raised

£101,365,547

£110,932,510

-8.6%

 

Residential

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

1,218

1,389

-12.3%

Lots Sold

870

1,020

-14.7%

Percent Sold

71.4%

73.4%

-2.7%

Total Raised

£66,485,243

£73,059,150

-9.0%

 

Commercial

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

368

413

-10.9%

Lots Sold

259

270

-4.1%

Percent Sold

70.4%

65.4%

7.6%

Total Raised

£34,880,304

£37,873,360

-7.9%

 

North-West Home Counties

Total

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

324

351

-7.7%

Lots Sold

259

293

-11.6%

Percent Sold

79.9%

83.5%

-4.3%

Total Raised

£79,885,050

£89,070,525

-10.3%

 

Residential

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

232

253

-8.3%

Lots Sold

187

208

-10.1%

Percent Sold

80.6%

82.2%

-1.9%

Total Raised

£48,628,750

£49,782,550

-2.3%

 

Commercial

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

92

98

-6.1%

Lots Sold

72

85

-15.3%

Percent Sold

78.3%

86.7%

-9.7%

Total Raised

£31,256,300

£39,287,975

-20.4%

 

Northern Ireland

Total

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

290

358

-19.0%

Lots Sold

177

241

-26.6%

Percent Sold

61%

67.3%

-9.4%

Total Raised

£12,823,775

£17,248,550

-25.7%

 

Residential

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

242

317

-23.7%

Lots Sold

140

211

-33.6%

Percent Sold

57.9%

66.6%

-13.1%

Total Raised

£9,559,275

£15,039,550

-36.4%

 

Commercial

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

48

41

17.1%

Lots Sold

37

30

23.3%

Percent Sold

77.1%

73.2%

5.3%

Total Raised

£3,264,500

£2,209,000

47.8%

 

Scotland

Total

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

267

231

15.6%

Lots Sold

140

133

5.3%

Percent Sold

52.4%

57.6%

-9.0%

Total Raised

£13,968,650

£19,581,949

-28.7%

 

Residential

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

196

170

15.3%

Lots Sold

93

90

3.3%

Percent Sold

47.4%

52.9%

-10.4%

Total Raised

£4,834,150

£4,850,849

-0.3%

 

Commercial

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

71

61

16.4%

Lots Sold

47

43

9.3%

Percent Sold

66.2%

70.5%

-6.1%

Total Raised

£9,134,500

£14,731,100

-38.0%

 

South-East Home Counties

Total

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

1,088

1,030

5.6%

Lots Sold

888

856

3.7%

Percent Sold

81.6%

83.1%

-1.8%

Total Raised

£189,479,600

£159,496,025

18.8%

 

Residential

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

846

841

0.6%

Lots Sold

695

702

-1.0%

Percent Sold

82.2%

83.5%

-1.6%

Total Raised

£134,815,100

£117,401,725

14.8%

 

Commercial

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

242

189

28.0%

Lots Sold

193

154

25.3%

Percent Sold

79.8%

81.5%

-2.1%

Total Raised

£54,664,500

£42,094,300

29.9%

 

South-West

Total

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

655

600

9.2%

Lots Sold

508

473

7.4%

Percent Sold

77.6%

78.8%

-1.5%

Total Raised

£81,720,372

£77,590,939

5.3%

 

Residential

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

481

406

18.5%

Lots Sold

360

316

13.9%

Percent Sold

74.8%

77.8%

-3.9%

Total Raised

£60,219,622

£50,892,289

18.3%

 

Commercial

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

174

194

-10.3%

Lots Sold

148

157

-5.7%

Percent Sold

85.1%

80.9%

5.2%

Total Raised

£21,500,750

£26,698,650

-19.5%

 

Wales

Total

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

653

559

16.8%

Lots Sold

496

422

17.5%

Percent Sold

76%

75.5%

0.7%

Total Raised

£43,930,250

£37,248,900

17.9%

 

Residential

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

473

417

13.4%

Lots Sold

360

309

16.5%

Percent Sold

76.1%

74.1%

2.7%

Total Raised

£26,372,000

£23,413,300

12.6%

 

Commercial

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

180

142

26.8%

Lots Sold

136

113

20.4%

Percent Sold

75.6%

79.6%

-5.0%

Total Raised

£17,558,250

£13,835,600

26.9%

 

West Midlands

Total

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

1,020

892

14.3%

Lots Sold

822

691

19.0%

Percent Sold

80.6%

77.5%

4.0%

Total Raised

£110,511,439

£77,334,100

42.9%

 

Residential

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

810

760

6.6%

Lots Sold

650

590

10.2%

Percent Sold

80.2%

77.6%

3.4%

Total Raised

£67,821,550

£58,560,150

15.8%

 

Commercial

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

210

132

59.1%

Lots Sold

172

101

70.3%

Percent Sold

81.9%

76.5%

7.1%

Total Raised

£42,689,889

£18,773,950

127.4%

 

Yorkshire and The Humber

Total

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

811

1,045

-22.4%

Lots Sold

629

790

-20.4%

Percent Sold

77.6%

75.6%

2.6%

Total Raised

£58,208,166

£78,298,764

-25.7%

 

Residential

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

638

835

-23.6%

Lots Sold

481

632

-23.9%

Percent Sold

75.4%

75.7%

-0.4%

Total Raised

£38,881,016

£51,589,241

-24.6%

 

Commercial

February 2015 - April 2015

February 2014 - April 2014

Increase

Lots Offered

173

210

-17.6%

Lots Sold

148

158

-6.3%

Percent Sold

85.5%

75.2%

13.7%

Total Raised

£19,327,150

£26,709,523

-27.6%

 

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.