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Property auction market returns to growth!

Monthly News Update

Overall Statistics June 2015
Auctions Held in the UK	154
Total Lots Offered	2,950
Total Lots Sold	2,239
Percent Sold	75.9%
Total Realised	£326,940,774

Auction Data for June 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/july.html

Essential Auction News

David Sandeman, Managing Director

Welcome to the July newsletter that looks back at auction activity in June and preceding periods. After a challenging few months in which we have witnessed a cooling-off period in the industry, I am pleased to report on figures that show a return to growth with a 1.7% rise in lots offered to 2,950 lots and a 2.8% rise in lots sold to 2,239 lots. Furthermore, the amount raised at auction increased by almost 12% to £326.9M, the highest amount recorded in the month of June since 2007 (£381M).

These figures are certainly encouraging, especially considering that there have been a number of recent reports from the private treaty market that refer to a 'property drought'!

As always I would welcome your comments on this and the wider issues within the market space.

Kind regards

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

National Auction Analysis

A run of five consecutive monthly newsletters that reported on falls in the residential sector has thankfully come to an end, as June's figures show small gains of 0.9% in residential lots offered and 1.3% in residential lots sold. The total raised from residential auction sales also increased substantially, to £290.4M - a rise of almost 17% on June 2014.

The aforementioned slowdown is still evident in the residential sector's quarterly figures, with lots offered and lots sold down 11.6% and 12.8% respectively on Q2 2014, but one hopes that the latest monthly figures indicate a return of confidence amongst buyers and sellers alike.

The commercial auction market continues to grow, as June's figures show a 5.4% rise in lots offered and a significant 11.4% rise in lots sold. However despite these gains, figures show that the total raised from commercial auction sales actually fell by 17% in June, from £43.9M to £36.5M. As none of the London commercial auction houses hold an auction in June, the fall in average lot size is likely due to an increase in lower-value commercial lots being sold by regional auctioneers.

Total

	Last Month			Last Quarter			Last Year
	June 2015	June 2014	Increase	April 2015 - June 2015	April 2014 - June 2014	Increase	July 2014 - June 2015	July 2013 - June 2014	Increase
Lots Offered	2,950	2,902	1.7%	8,287	9,094	-8.9%	34,065	34,748	-2.0%
Lots Sold	2,239	2,177	2.8%	6,339	6,981	-9.2%	25,877	27,066	-4.4%
Percent Sold	75.9%	75%	1.2%	76.5%	76.8%	-0.4%	76%	77.9%	-2.4%
Total Raised	£326,940,774	£292,589,492	11.7%	£1,020,136,424	£1,057,300,187	-3.5%	£4,271,049,464	£4,135,127,643	3.3%

Residential

	Last Month			Last Quarter			Last Year
	June 2015	June 2014	Increase	April 2015 - June 2015	April 2014 - June 2014	Increase	July 2014 - June 2015	July 2013 - June 2014	Increase
Lots Offered	2,443	2,421	0.9%	6,604	7,469	-11.6%	27,453	28,035	-2.1%
Lots Sold	1,858	1,835	1.3%	5,032	5,768	-12.8%	20,733	21,846	-5.1%
Percent Sold	76.1%	75.8%	0.4%	76.2%	77.2%	-1.3%	75.5%	77.9%	-3.1%
Total Raised	£290,447,942	£248,642,732	16.8%	£755,618,682	£786,394,057	-3.9%	£2,974,222,798	£2,896,978,441	2.7%

Commercial

	Last Month			Last Quarter			Last Year
	June 2015	June 2014	Increase	April 2015 - June 2015	April 2014 - June 2014	Increase	July 2014 - June 2015	July 2013 - June 2014	Increase
Lots Offered	507	481	5.4%	1,683	1,625	3.6%	6,612	6,713	-1.5%
Lots Sold	381	342	11.4%	1,307	1,213	7.7%	5,144	5,220	-1.5%
Percent Sold	75.1%	71.1%	5.6%	77.7%	74.6%	4.2%	77.8%	77.8%	0.0%
Total Raised	£36,492,832	£43,946,760	-17.0%	£264,517,742	£270,906,130	-2.4%	£1,296,826,666	£1,238,149,202	4.7%

Regional Auction Analysis

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

East Anglia

Total
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	277	313	-11.5%
Lots Sold	214	258	-17.1%
Percent Sold	77.3%	82.4%	-6.2%
Total Raised	£31,148,700	£41,165,300	-24.3%

Residential
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	212	230	-7.8%
Lots Sold	162	189	-14.3%
Percent Sold	76.4%	82.2%	-7.1%
Total Raised	£23,516,700	£26,362,100	-10.8%

Commercial
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	65	83	-21.7%
Lots Sold	52	69	-24.6%
Percent Sold	80%	83.1%	-3.7%
Total Raised	£7,632,000	£14,803,200	-48.4%

East Midlands

Total
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	698	702	-0.6%
Lots Sold	561	547	2.6%
Percent Sold	80.4%	77.9%	3.2%
Total Raised	£67,256,703	£65,883,900	2.1%

Residential
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	544	580	-6.2%
Lots Sold	423	454	-6.8%
Percent Sold	77.8%	78.3%	-0.6%
Total Raised	£48,718,502	£47,933,900	1.6%

Commercial
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	154	122	26.2%
Lots Sold	138	93	48.4%
Percent Sold	89.6%	76.2%	17.6%
Total Raised	£18,538,201	£17,950,000	3.3%

London

Total
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	670	805	-16.8%
Lots Sold	578	657	-12.0%
Percent Sold	86.3%	81.6%	5.8%
Total Raised	£253,691,250	£273,478,800	-7.2%

Residential
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	615	745	-17.4%
Lots Sold	528	604	-12.6%
Percent Sold	85.9%	81.1%	5.9%
Total Raised	£222,821,750	£232,079,800	-4.0%

Commercial
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	55	60	-8.3%
Lots Sold	50	53	-5.7%
Percent Sold	90.9%	88.3%	2.9%
Total Raised	£30,869,500	£41,399,000	-25.4%

North-East

Total
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	836	896	-6.7%
Lots Sold	590	641	-8.0%
Percent Sold	70.6%	71.5%	-1.3%
Total Raised	£50,128,686	£49,291,110	1.7%

Residential
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	766	808	-5.2%
Lots Sold	531	583	-8.9%
Percent Sold	69.3%	72.2%	-4.0%
Total Raised	£39,804,686	£40,943,720	-2.8%

Commercial
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	70	88	-20.5%
Lots Sold	59	58	1.7%
Percent Sold	84.3%	65.9%	27.9%
Total Raised	£10,324,000	£8,347,390	23.7%

North-West

Total
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	1,266	1,553	-18.5%
Lots Sold	935	1,153	-18.9%
Percent Sold	73.9%	74.2%	-0.4%
Total Raised	£96,590,657	£106,750,697	-9.5%

Residential
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	994	1,216	-18.3%
Lots Sold	744	920	-19.1%
Percent Sold	74.8%	75.7%	-1.2%
Total Raised	£60,223,297	£68,431,187	-12.0%

Commercial
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	272	337	-19.3%
Lots Sold	191	233	-18.0%
Percent Sold	70.2%	69.1%	1.6%
Total Raised	£36,367,360	£38,319,510	-5.1%

North-West Home Counties

Total
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	283	323	-12.4%
Lots Sold	234	270	-13.3%
Percent Sold	82.7%	83.6%	-1.1%
Total Raised	£74,525,750	£78,329,700	-4.9%

Residential
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	189	252	-25.0%
Lots Sold	154	211	-27.0%
Percent Sold	81.5%	83.7%	-2.6%
Total Raised	£41,582,500	£53,389,700	-22.1%

Commercial
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	94	71	32.4%
Lots Sold	80	59	35.6%
Percent Sold	85.1%	83.1%	2.4%
Total Raised	£32,943,250	£24,940,000	32.1%

Northern Ireland

Total
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	269	368	-26.9%
Lots Sold	156	270	-42.2%
Percent Sold	58%	73.4%	-21.0%
Total Raised	£11,245,650	£18,706,000	-39.9%

Residential
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	215	327	-34.3%
Lots Sold	122	241	-49.4%
Percent Sold	56.7%	73.7%	-23.1%
Total Raised	£8,388,150	£15,980,500	-47.5%

Commercial
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	54	41	31.7%
Lots Sold	34	29	17.2%
Percent Sold	63%	70.7%	-10.9%
Total Raised	£2,857,500	£2,725,500	4.8%

Scotland

Total
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	272	236	15.3%
Lots Sold	143	136	5.1%
Percent Sold	52.6%	57.6%	-8.7%
Total Raised	£14,041,556	£8,420,710	66.8%

Residential
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	189	190	-0.5%
Lots Sold	91	105	-13.3%
Percent Sold	48.1%	55.3%	-13.0%
Total Raised	£5,306,455	£5,480,210	-3.2%

Commercial
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	83	46	80.4%
Lots Sold	52	31	67.7%
Percent Sold	62.7%	67.4%	-7.0%
Total Raised	£8,735,101	£2,940,500	197.1%

South-East Home Counties

Total
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	931	856	8.8%
Lots Sold	756	699	8.2%
Percent Sold	81.2%	81.7%	-0.6%
Total Raised	£159,698,400	£139,501,550	14.5%

Residential
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	746	702	6.3%
Lots Sold	612	575	6.4%
Percent Sold	82%	81.9%	0.1%
Total Raised	£118,638,450	£97,909,650	21.2%

Commercial
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	185	154	20.1%
Lots Sold	144	124	16.1%
Percent Sold	77.8%	80.5%	-3.4%
Total Raised	£41,059,950	£41,591,900	-1.3%

South-West

Total
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	648	642	0.9%
Lots Sold	515	513	0.4%
Percent Sold	79.5%	79.9%	-0.5%
Total Raised	£90,074,172	£91,094,780	-1.1%

Residential
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	490	467	4.9%
Lots Sold	387	366	5.7%
Percent Sold	79%	78.4%	0.8%
Total Raised	£70,985,922	£64,838,450	9.5%

Commercial
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	158	175	-9.7%
Lots Sold	128	147	-12.9%
Percent Sold	81%	84%	-3.6%
Total Raised	£19,088,250	£26,256,330	-27.3%

Wales

Total
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	638	556	14.7%
Lots Sold	490	407	20.4%
Percent Sold	76.8%	73.2%	4.9%
Total Raised	£44,722,830	£35,946,145	24.4%

Residential
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	434	416	4.3%
Lots Sold	340	310	9.7%
Percent Sold	78.3%	74.5%	5.1%
Total Raised	£26,856,950	£21,933,145	22.4%

Commercial
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	204	140	45.7%
Lots Sold	150	97	54.6%
Percent Sold	73.5%	69.3%	6.1%
Total Raised	£17,865,880	£14,013,000	27.5%

West Midlands

Total
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	827	1,020	-18.9%
Lots Sold	666	806	-17.4%
Percent Sold	80.5%	79%	1.9%
Total Raised	£80,270,450	£87,893,604	-8.7%

Residential
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	656	856	-23.4%
Lots Sold	528	690	-23.5%
Percent Sold	80.5%	80.6%	-0.1%
Total Raised	£54,694,850	£67,018,604	-18.4%

Commercial
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	171	164	4.3%
Lots Sold	138	116	19.0%
Percent Sold	80.7%	70.7%	14.1%
Total Raised	£25,575,600	£20,875,000	22.5%

Yorkshire and The Humber

Total
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	672	824	-18.4%
Lots Sold	501	624	-19.7%
Percent Sold	74.6%	75.7%	-1.5%
Total Raised	£46,741,620	£60,837,891	-23.2%

Residential
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	554	680	-18.5%
Lots Sold	410	520	-21.2%
Percent Sold	74%	76.5%	-3.3%
Total Raised	£34,080,470	£44,093,091	-22.7%

Commercial
	April 2015 - June 2015	April 2014 - June 2014	Increase
Lots Offered	118	144	-18.1%
Lots Sold	91	104	-12.5%
Percent Sold	77.1%	72.2%	6.8%
Total Raised	£12,661,150	£16,744,800	-24.4%

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