BRG Gibson Auctions | Property Auction, property for sale and to let, Northern Ireland, Republic of Ireland

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Auction Data for November 2015

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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