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Property auction market returns to growth!

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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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