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Auction Data for November 2015

Go to our homepage

Monthly News Update

Overall Statistics November 2015

Auctions Held in the UK

127

Total Lots Offered

2,341

Total Lots Sold

1,774

Percent Sold

75.8%

Total Realised

£271,908,824

 

Auction Data for November 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/december.html

Essential Auction News

David Sandeman, Managing Director

Welcome to the December newsletter that looks back at auction activity in November and preceding periods. In what is the final newsletter of 2015, I am pleased to sign off with a positive set of results, as overall lots offered and lots sold were both up 17% and 24% respectively, whilst the total raised at auction grew significantly to £271.9m - up 63% on November 2014.

This time last year I reported on the Autumn budget in which the Chancellor announced an overhaul of the stamp-duty system and introduced a graduated scheme. In his recent Autumn statement and spending review he made further, more consequential changes, with a decision to increase stamp duty for buy-to-let and second home purchases from April 2016 with a 3% surcharge being added on to all existing rates. This could have a knock-on effect in the property market, as many investors will surely look to buy before the new rates come into effect and this could drive prices upwards in the short-term.

May I take this opportunity of wishing you all a peaceful and restful holiday and look forward to your continue support next year. As always I appreciate any feedback or suggestions you might have on our services and newsletters.

Kind regards

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

National Auction Analysis

You may remember that in last month's newsletter I noted a number of major residential auction houses held their 2014 Autumn auctions in late October and their comparative sales in early November this year, which has certainly exacerbated the disparities seen in the recent figures. In this instance the rolling quarterly and yearly figures can provide a more accurate reflection of the residential market, and these show that the number of lots offered has decreased by over 450 lots in the last three months (-5.5%) and by 1,800+ lots in the last 12 months (-6.4%).

However, encouragingly the sale rate has remained in the mid-to-late seventies throughout much of the year, and spiralling house prices has continued to push auction revenues skywards - up 65%, 7.9% and 1.6% in the monthly, quarterly and yearly comparisons respectively.

The commercial market has been generally steady throughout the year, and the latest figures below show gains made in 9 out of the 12 metrics measured.

 

Total

Last Month

Last Quarter

Last Year

November 2015

November 2014

Increase

September 2015 - November 2015

September 2014 - November 2014

Increase

December 2014 - November 2015

December 2013 - November 2014

Increase

Lots Offered

2,341

1,997

17.2%

9,516

10,014

-5.0%

33,351

35,231

-5.3%

Lots Sold

1,774

1,431

24.0%

7,132

7,298

-2.3%

25,516

26,869

-5.0%

Percent Sold

75.8%

71.7%

5.7%

74.9%

72.9%

2.7%

76.5%

76.3%

0.3%

Total Raised

£271,908,824

£166,764,854

63.0%

£1,226,713,552

£1,154,296,752

6.3%

£4,347,248,309

£4,309,850,604

0.9%

 

Residential

Last Month

Last Quarter

Last Year

November 2015

November 2014

Increase

September 2015 - November 2015

September 2014 - November 2014

Increase

December 2014 - November 2015

December 2013 - November 2014

Increase

Lots Offered

1,990

1,722

15.6%

7,830

8,288

-5.5%

26,835

28,663

-6.4%

Lots Sold

1,508

1,226

23.0%

5,860

6,033

-2.9%

20,411

21,866

-6.7%

Percent Sold

75.8%

71.2%

6.5%

74.8%

72.8%

2.7%

76.1%

76.3%

-0.3%

Total Raised

£238,582,399

£144,290,304

65.3%

£921,610,013

£854,368,619

7.9%

£3,069,608,337

£3,021,353,181

1.6%

 

Commercial

Last Month

Last Quarter

Last Year

November 2015

November 2014

Increase

September 2015 - November 2015

September 2014 - November 2014

Increase

December 2014 - November 2015

December 2013 - November 2014

Increase

Lots Offered

351

275

27.6%

1,686

1,726

-2.3%

6,516

6,568

-0.8%

Lots Sold

266

205

29.8%

1,272

1,265

0.6%

5,105

5,003

2.0%

Percent Sold

75.8%

74.5%

1.7%

75.4%

73.3%

2.9%

78.3%

76.2%

2.8%

Total Raised

£33,326,425

£22,474,550

48.3%

£305,103,539

£299,928,133

1.7%

£1,277,639,972

£1,288,497,423

-0.8%

 

 

Regional Auction Analysis

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

East Anglia

Total

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

237

321

-26.2%

Lots Sold

176

244

-27.9%

Percent Sold

74.3%

76%

-2.2%

Total Raised

£31,951,750

£36,531,250

-12.5%

 

Residential

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

171

262

-34.7%

Lots Sold

125

198

-36.9%

Percent Sold

73.1%

75.6%

-3.3%

Total Raised

£17,166,750

£27,457,750

-37.5%

 

Commercial

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

66

59

11.9%

Lots Sold

51

46

10.9%

Percent Sold

77.3%

78%

-0.9%

Total Raised

£14,785,000

£9,073,500

62.9%

 

East Midlands

Total

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

813

853

-4.7%

Lots Sold

610

645

-5.4%

Percent Sold

75%

75.6%

-0.8%

Total Raised

£78,055,693

£82,789,254

-5.7%

 

Residential

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

671

706

-5.0%

Lots Sold

498

535

-6.9%

Percent Sold

74.2%

75.8%

-2.1%

Total Raised

£56,710,593

£59,040,254

-3.9%

 

Commercial

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

142

147

-3.4%

Lots Sold

112

110

1.8%

Percent Sold

78.9%

74.8%

5.5%

Total Raised

£21,345,100

£23,749,000

-10.1%

 

London

Total

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

808

808

0.0%

Lots Sold

624

629

-0.8%

Percent Sold

77.2%

77.8%

-0.8%

Total Raised

£269,279,150

£267,369,349

0.7%

 

Residential

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

734

762

-3.7%

Lots Sold

554

593

-6.6%

Percent Sold

75.5%

77.8%

-3.0%

Total Raised

£240,802,750

£238,633,349

0.9%

 

Commercial

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

74

46

60.9%

Lots Sold

70

36

94.4%

Percent Sold

94.6%

78.3%

20.8%

Total Raised

£28,476,400

£28,736,000

-0.9%

 

North-East

Total

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

782

779

0.4%

Lots Sold

550

535

2.8%

Percent Sold

70.3%

68.7%

2.3%

Total Raised

£43,082,681

£43,162,525

-0.2%

 

Residential

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

721

708

1.8%

Lots Sold

518

489

5.9%

Percent Sold

71.8%

69.1%

3.9%

Total Raised

£36,811,681

£33,590,275

9.6%

 

Commercial

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

61

71

-14.1%

Lots Sold

32

46

-30.4%

Percent Sold

52.5%

64.8%

-19.0%

Total Raised

£6,271,000

£9,572,250

-34.5%

 

North-West

Total

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

1,573

1,565

0.5%

Lots Sold

1,131

1,081

4.6%

Percent Sold

71.9%

69.1%

4.1%

Total Raised

£105,558,435

£104,571,837

0.9%

 

Residential

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

1,298

1,241

4.6%

Lots Sold

934

859

8.7%

Percent Sold

72%

69.2%

4.0%

Total Raised

£83,312,585

£71,271,561

16.9%

 

Commercial

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

275

324

-15.1%

Lots Sold

197

222

-11.3%

Percent Sold

71.6%

68.5%

4.5%

Total Raised

£22,245,850

£33,300,276

-33.2%

 

North-West Home Counties

Total

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

327

348

-6.0%

Lots Sold

269

270

-0.4%

Percent Sold

82.3%

77.6%

6.1%

Total Raised

£96,057,200

£82,008,127

17.1%

 

Residential

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

254

279

-9.0%

Lots Sold

210

210

0.0%

Percent Sold

82.7%

75.3%

9.8%

Total Raised

£66,078,200

£47,405,627

39.4%

 

Commercial

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

73

69

5.8%

Lots Sold

59

60

-1.7%

Percent Sold

80.8%

87%

-7.1%

Total Raised

£29,979,000

£34,602,500

-13.4%

 

Northern Ireland

Total

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

232

322

-28.0%

Lots Sold

147

232

-36.6%

Percent Sold

63.4%

72%

-11.9%

Total Raised

£13,006,600

£15,444,400

-15.8%

 

Residential

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

176

275

-36.0%

Lots Sold

104

194

-46.4%

Percent Sold

59.1%

70.5%

-16.2%

Total Raised

£9,073,500

£12,494,400

-27.4%

 

Commercial

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

56

47

19.1%

Lots Sold

43

38

13.2%

Percent Sold

76.8%

80.9%

-5.1%

Total Raised

£3,933,100

£2,950,000

33.3%

 

Scotland

Total

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

272

348

-21.8%

Lots Sold

182

183

-0.5%

Percent Sold

66.9%

52.6%

27.2%

Total Raised

£29,902,850

£12,106,555

147.0%

 

Residential

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

201

281

-28.5%

Lots Sold

125

142

-12.0%

Percent Sold

62.2%

50.5%

23.2%

Total Raised

£15,135,850

£7,003,805

116.1%

 

Commercial

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

71

67

6.0%

Lots Sold

57

41

39.0%

Percent Sold

80.3%

61.2%

31.2%

Total Raised

£14,767,000

£5,102,750

189.4%

 

South-East Home Counties

Total

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

1,089

1,055

3.2%

Lots Sold

896

830

8.0%

Percent Sold

82.3%

78.7%

4.6%

Total Raised

£221,323,350

£180,200,203

22.8%

 

Residential

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

896

839

6.8%

Lots Sold

745

666

11.9%

Percent Sold

83.1%

79.4%

4.7%

Total Raised

£166,921,300

£129,074,448

29.3%

 

Commercial

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

193

216

-10.6%

Lots Sold

151

164

-7.9%

Percent Sold

78.2%

75.9%

3.0%

Total Raised

£54,402,050

£51,125,755

6.4%

 

South-West

Total

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

779

850

-8.4%

Lots Sold

566

629

-10.0%

Percent Sold

72.7%

74%

-1.8%

Total Raised

£112,705,375

£120,357,649

-6.4%

 

Residential

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

558

640

-12.8%

Lots Sold

407

457

-10.9%

Percent Sold

72.9%

71.4%

2.1%

Total Raised

£78,618,300

£76,941,149

2.2%

 

Commercial

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

221

210

5.2%

Lots Sold

159

172

-7.6%

Percent Sold

71.9%

81.9%

-12.2%

Total Raised

£34,087,075

£43,416,500

-21.5%

 

Wales

Total

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

681

757

-10.0%

Lots Sold

506

565

-10.4%

Percent Sold

74.3%

74.6%

-0.4%

Total Raised

£43,189,334

£54,631,928

-20.9%

 

Residential

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

536

601

-10.8%

Lots Sold

399

444

-10.1%

Percent Sold

74.4%

73.9%

0.7%

Total Raised

£30,228,120

£35,514,927

-14.9%

 

Commercial

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

145

156

-7.1%

Lots Sold

107

121

-11.6%

Percent Sold

73.8%

77.6%

-4.9%

Total Raised

£12,961,214

£19,117,001

-32.2%

 

West Midlands

Total

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

1,049

1,046

0.3%

Lots Sold

818

773

5.8%

Percent Sold

78%

73.9%

5.5%

Total Raised

£112,018,978

£85,897,676

30.4%

 

Residential

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

860

862

-0.2%

Lots Sold

669

640

4.5%

Percent Sold

77.8%

74.2%

4.9%

Total Raised

£72,646,228

£62,601,075

16.0%

 

Commercial

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

189

184

2.7%

Lots Sold

149

133

12.0%

Percent Sold

78.8%

72.3%

9.0%

Total Raised

£39,372,750

£23,296,601

69.0%

 

Yorkshire and The Humber

Total

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

874

962

-9.1%

Lots Sold

657

682

-3.7%

Percent Sold

75.2%

70.9%

6.1%

Total Raised

£70,582,156

£69,225,999

2.0%

 

Residential

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

754

832

-9.4%

Lots Sold

572

606

-5.6%

Percent Sold

75.9%

72.8%

4.3%

Total Raised

£48,104,156

£53,339,999

-9.8%

 

Commercial

September 2015 - November 2015

September 2014 - November 2014

Increase

Lots Offered

120

130

-7.7%

Lots Sold

85

76

11.8%

Percent Sold

70.8%

58.5%

21.0%

Total Raised

£22,478,000

£15,886,000

41.5%

 

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