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EIG Monthly Newsletter September 2015

Go to our homepage

Monthly News Update

Overall Statistics August 2015

Auctions Held in the UK

47

Total Lots Offered

835

Total Lots Sold

559

Percent Sold

66.9%

Total Realised

£51,927,427

 

Auction Data for August 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/september.html

Essential Auction News

David Sandeman, Managing Director

Welcome to the September newsletter that looks back at property auction activity in August and preceding periods. As is usually the case August was relatively quiet when compared to other months, with only 47 auctions held offering predominantly residential stock. Therefore one should not read too much into the slight falls that are evident in the figures below, with lots offered and lots sold both dipping by 8% and 9% respectively.

The rolling quarterly figures, which are perhaps more indicative as to the current health of the market, show marginal falls in lots offered (down 3.6%), no change in lots sold and a 9% gain in the total raised to £980M. Unlike the British weather the property auction market appears to be 'holding steady'!

As ever I welcome any feedback you may have regarding the newsletters or indeed the wider market in general.

Kind regards

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

National Auction Analysis

The rolling quarterly figures show a recent dip in the number of properties going to auction - 4% fewer residential and 2% fewer commercial lots offered in the 3-month period to August. Yet encouragingly the demand amongst auction buyers remains strong, as demonstrated by increasing sale rates in both sectors over the same period to 75.9% and 76.9% respectively. I would hope and expect this to continue for some time yet, as record low interest rates, rising rents and perpetual house price increases make an investment in auction property an attractive proposition.

 

Total

Last Month

Last Quarter

Last Year

August 2015

August 2014

Increase

June 2015 - August 2015

June 2014 - August 2014

Increase

September 2014 - August 2015

September 2013 - August 2014

Increase

Lots Offered

835

907

-7.9%

7,796

8,083

-3.6%

33,819

35,053

-3.5%

Lots Sold

559

617

-9.4%

5,932

5,930

0.0%

25,795

27,105

-4.8%

Percent Sold

66.9%

68%

-1.6%

76.1%

73.4%

3.7%

76.3%

77.3%

-1.3%

Total Raised

£51,927,427

£56,281,350

-7.7%

£980,324,430

£898,750,223

9.1%

£4,299,570,474

£4,183,091,204

2.8%

 

Residential

Last Month

Last Quarter

Last Year

August 2015

August 2014

Increase

June 2015 - August 2015

June 2014 - August 2014

Increase

September 2014 - August 2015

September 2013 - August 2014

Increase

Lots Offered

763

831

-8.2%

6,421

6,680

-3.9%

27,272

28,335

-3.8%

Lots Sold

517

567

-8.8%

4,874

4,929

-1.1%

20,670

21,922

-5.7%

Percent Sold

67.8%

68.2%

-0.6%

75.9%

73.8%

2.8%

75.8%

77.4%

-2.1%

Total Raised

£47,873,427

£49,337,350

-3.0%

£730,283,448

£647,680,333

12.8%

£3,016,200,158

£2,908,208,434

3.7%

 

Commercial

Last Month

Last Quarter

Last Year

August 2015

August 2014

Increase

June 2015 - August 2015

June 2014 - August 2014

Increase

September 2014 - August 2015

September 2013 - August 2014

Increase

Lots Offered

72

76

-5.3%

1,375

1,403

-2.0%

6,547

6,718

-2.5%

Lots Sold

42

50

-16.0%

1,058

1,001

5.7%

5,125

5,183

-1.1%

Percent Sold

58.3%

65.8%

-11.4%

76.9%

71.3%

7.9%

78.3%

77.2%

1.4%

Total Raised

£4,054,000

£6,944,000

-41.6%

£250,040,982

£251,069,890

-0.4%

£1,283,370,316

£1,274,882,770

0.7%

 

 

Regional Auction Analysis

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

East Anglia

Total

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

262

286

-8.4%

Lots Sold

209

234

-10.7%

Percent Sold

79.8%

81.8%

-2.4%

Total Raised

£28,687,700

£28,928,200

-0.8%

 

Residential

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

206

233

-11.6%

Lots Sold

162

195

-16.9%

Percent Sold

78.6%

83.7%

-6.1%

Total Raised

£21,707,700

£20,454,200

6.1%

 

Commercial

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

56

53

5.7%

Lots Sold

47

39

20.5%

Percent Sold

83.9%

73.6%

14.0%

Total Raised

£6,980,000

£8,474,000

-17.6%

 

East Midlands

Total

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

652

597

9.2%

Lots Sold

507

437

16.0%

Percent Sold

77.8%

73.2%

6.3%

Total Raised

£66,797,953

£53,431,350

25.0%

 

Residential

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

528

500

5.6%

Lots Sold

396

370

7.0%

Percent Sold

75%

74%

1.4%

Total Raised

£47,331,102

£43,006,600

10.1%

 

Commercial

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

124

97

27.8%

Lots Sold

111

67

65.7%

Percent Sold

89.5%

69.1%

29.5%

Total Raised

£19,466,851

£10,424,750

86.7%

 

London

Total

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

632

704

-10.2%

Lots Sold

534

539

-0.9%

Percent Sold

84.5%

76.6%

10.3%

Total Raised

£223,912,300

£221,591,550

1.0%

 

Residential

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

575

625

-8.0%

Lots Sold

482

470

2.6%

Percent Sold

83.8%

75.2%

11.4%

Total Raised

£193,196,300

£166,974,450

15.7%

 

Commercial

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

57

79

-27.8%

Lots Sold

52

69

-24.6%

Percent Sold

91.2%

87.3%

4.5%

Total Raised

£30,716,000

£54,617,100

-43.8%

 

North-East

Total

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

762

799

-4.6%

Lots Sold

510

561

-9.1%

Percent Sold

66.9%

70.2%

-4.7%

Total Raised

£44,466,951

£43,559,150

2.1%

 

Residential

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

710

752

-5.6%

Lots Sold

467

532

-12.2%

Percent Sold

65.8%

70.7%

-6.9%

Total Raised

£34,415,351

£38,823,150

-11.4%

 

Commercial

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

52

47

10.6%

Lots Sold

43

29

48.3%

Percent Sold

82.7%

61.7%

34.0%

Total Raised

£10,051,600

£4,736,000

112.2%

 

North-West

Total

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

1,152

1,175

-2.0%

Lots Sold

870

844

3.1%

Percent Sold

75.5%

71.8%

5.2%

Total Raised

£90,091,010

£86,791,398

3.8%

 

Residential

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

944

894

5.6%

Lots Sold

731

651

12.3%

Percent Sold

77.4%

72.8%

6.3%

Total Raised

£63,010,160

£51,474,168

22.4%

 

Commercial

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

208

281

-26.0%

Lots Sold

139

193

-28.0%

Percent Sold

66.8%

68.7%

-2.8%

Total Raised

£27,080,850

£35,317,230

-23.3%

 

North-West Home Counties

Total

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

279

265

5.3%

Lots Sold

229

213

7.5%

Percent Sold

82.1%

80.4%

2.1%

Total Raised

£68,267,300

£67,790,000

0.7%

 

Residential

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

221

197

12.2%

Lots Sold

186

156

19.2%

Percent Sold

84.2%

79.2%

6.3%

Total Raised

£49,745,500

£40,340,350

23.3%

 

Commercial

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

58

68

-14.7%

Lots Sold

43

57

-24.6%

Percent Sold

74.1%

83.8%

-11.6%

Total Raised

£18,521,800

£27,449,650

-32.5%

 

Northern Ireland

Total

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

289

391

-26.1%

Lots Sold

159

285

-44.2%

Percent Sold

55%

72.9%

-24.6%

Total Raised

£10,791,200

£19,166,200

-43.7%

 

Residential

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

228

345

-33.9%

Lots Sold

122

252

-51.6%

Percent Sold

53.5%

73%

-26.7%

Total Raised

£7,782,200

£16,248,700

-52.1%

 

Commercial

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

61

46

32.6%

Lots Sold

37

33

12.1%

Percent Sold

60.7%

71.7%

-15.3%

Total Raised

£3,009,000

£2,917,500

3.1%

 

Scotland

Total

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

215

294

-26.9%

Lots Sold

142

137

3.6%

Percent Sold

66%

46.6%

41.6%

Total Raised

£13,401,551

£7,790,350

72.0%

 

Residential

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

153

231

-33.8%

Lots Sold

96

106

-9.4%

Percent Sold

62.7%

45.9%

36.6%

Total Raised

£5,054,350

£4,706,350

7.4%

 

Commercial

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

62

63

-1.6%

Lots Sold

46

31

48.4%

Percent Sold

74.2%

49.2%

50.8%

Total Raised

£8,347,201

£3,084,000

170.7%

 

South-East Home Counties

Total

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

853

791

7.8%

Lots Sold

696

630

10.5%

Percent Sold

81.6%

79.6%

2.5%

Total Raised

£160,646,800

£124,930,921

28.6%

 

Residential

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

693

666

4.1%

Lots Sold

566

528

7.2%

Percent Sold

81.7%

79.3%

3.0%

Total Raised

£115,464,650

£91,212,721

26.6%

 

Commercial

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

160

125

28.0%

Lots Sold

130

102

27.5%

Percent Sold

81.3%

81.6%

-0.4%

Total Raised

£45,182,150

£33,718,200

34.0%

 

South-West

Total

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

614

598

2.7%

Lots Sold

470

441

6.6%

Percent Sold

76.5%

73.7%

3.8%

Total Raised

£93,260,651

£86,910,510

7.3%

 

Residential

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

466

445

4.7%

Lots Sold

350

320

9.4%

Percent Sold

75.1%

71.9%

4.5%

Total Raised

£70,558,151

£58,545,350

20.5%

 

Commercial

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

148

153

-3.3%

Lots Sold

120

121

-0.8%

Percent Sold

81.1%

79.1%

2.5%

Total Raised

£22,702,500

£28,365,160

-20.0%

 

Wales

Total

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

553

550

0.5%

Lots Sold

415

385

7.8%

Percent Sold

75%

70%

7.1%

Total Raised

£36,040,649

£31,761,694

13.5%

 

Residential

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

405

424

-4.5%

Lots Sold

316

301

5.0%

Percent Sold

78%

71%

9.9%

Total Raised

£26,094,219

£23,188,194

12.5%

 

Commercial

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

148

126

17.5%

Lots Sold

99

84

17.9%

Percent Sold

66.9%

66.7%

0.3%

Total Raised

£9,946,430

£8,573,500

16.0%

 

West Midlands

Total

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

879

875

0.5%

Lots Sold

685

672

1.9%

Percent Sold

77.9%

76.8%

1.4%

Total Raised

£78,911,963

£73,441,000

7.4%

 

Residential

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

733

731

0.3%

Lots Sold

571

578

-1.2%

Percent Sold

77.9%

79.1%

-1.5%

Total Raised

£57,760,363

£54,547,750

5.9%

 

Commercial

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

146

144

1.4%

Lots Sold

114

94

21.3%

Percent Sold

78.1%

65.3%

19.6%

Total Raised

£21,151,600

£18,893,250

12.0%

 

Yorkshire and The Humber

Total

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

654

758

-13.7%

Lots Sold

506

552

-8.3%

Percent Sold

77.4%

72.8%

6.3%

Total Raised

£65,048,402

£52,657,900

23.5%

 

Residential

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

559

637

-12.2%

Lots Sold

429

470

-8.7%

Percent Sold

76.7%

73.8%

3.9%

Total Raised

£38,163,402

£38,158,350

0.0%

 

Commercial

June 2015 - August 2015

June 2014 - August 2014

Increase

Lots Offered

95

121

-21.5%

Lots Sold

77

82

-6.1%

Percent Sold

81.1%

67.8%

19.6%

Total Raised

£26,885,000

£14,499,550

85.4%

 

Your Comments

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