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Auction Data for May 2016 Double-digit growth when comparing May 2016 with May 2015

Monthly News Update

Overall Statistics May 2016
Auctions Held in the UK	137
Total Lots Offered	3,200
Total Lots Sold	2,374
Percent Sold	74.2%
Total Realised	£524,669,971

Auction Data for May 2016

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/2016/june.html

Essential Auction News

David Sandeman, Managing Director

Welcome to the June newsletter that looks back at auction activity in May and preceding periods. I am pleased to report on a very positive set of auction results, which show a 21% rise in lots offered to 3,200 lots (up from 2,640 in May 2015), and a 17% rise in lots sold to 2,374 (up from 2,019 in May 2015). Furthermore, the total raised at UK property auctions increased by over £100M to £524.6M, the largest amount raised in the month of May since 2007.

These results are particularly pleasing as they've come against a backdrop of economic and political uncertainty caused by the impending EU referendum, which many forecasters warned could have a short-term detrimental effect on the housing market. Additionally, many predicted that the recent changes to stamp duty would cast gloom over the market, but the gains shown below in the residential market certainly buck the trend and dispel any notion of a declining market.

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

Results below show rises in 26 out of the 36 metrics measured, with many recording double-digit increases. Notably, last month the residential market recorded increases of 24% and 19% for lots offered and lots sold respectively, and a staggering £63M increase in the amount raised (up 25.7%). Further double-digit gains are evident in the rolling quarterly figures, with almost £100M extra revenue gained in the last 3 months compared with the same period last year - up 14% from £704M to £802.7M.

In the commercial market lots offered increased by 14% to 755 lots, and lots sold increased by 13% to 594 lots. Despite the recent upturn the rolling quarterly figures remain down on last year, with lots offered and lots sold both falling by 12%, although the amount raised did gain £58M to £407.1M.

Total

	Last Month			Last Quarter			Last Year
	May 2016	May 2015	Increase	March 2016 - May 2016	March 2015 - May 2015	Increase	June 2015 - May 2016	June 2014 - May 2015	Increase
Lots Offered	3,200	2,640	21.2%	8,626	8,183	5.4%	34,262	33,995	0.8%
Lots Sold	2,374	2,019	17.6%	6,416	6,155	4.2%	26,377	25,667	2.8%
Percent Sold	74.2%	76.5%	-3.0%	74.4%	75.2%	-1.1%	77%	75.5%	2.0%
Total Raised	£524,669,971	£422,875,827	24.1%	£1,209,916,547	£1,053,344,385	14.9%	£4,771,103,982	£4,183,283,217	14.1%

Residential

	Last Month			Last Quarter			Last Year
	May 2016	May 2015	Increase	March 2016 - May 2016	March 2015 - May 2015	Increase	June 2015 - May 2016	June 2014 - May 2015	Increase
Lots Offered	2,445	1,979	23.5%	7,033	6,379	10.3%	28,265	27,429	3.0%
Lots Sold	1,780	1,494	19.1%	5,187	4,752	9.2%	21,669	20,608	5.1%
Percent Sold	72.8%	75.5%	-3.6%	73.8%	74.5%	-0.9%	76.7%	75.1%	2.1%
Total Raised	£310,608,921	£247,142,617	25.7%	£802,781,592	£704,085,550	14.0%	£3,384,730,930	£2,924,851,923	15.7%

Commercial

	Last Month			Last Quarter			Last Year
	May 2016	May 2015	Increase	March 2016 - May 2016	March 2015 - May 2015	Increase	June 2015 - May 2016	June 2014 - May 2015	Increase
Lots Offered	755	661	14.2%	1,593	1,804	-11.7%	5,997	6,566	-8.7%
Lots Sold	594	525	13.1%	1,229	1,403	-12.4%	4,708	5,059	-6.9%
Percent Sold	78.7%	79.4%	-0.9%	77.2%	77.8%	-0.8%	78.5%	77%	1.9%
Total Raised	£214,061,050	£175,733,210	21.8%	£407,134,955	£349,258,835	16.6%	£1,386,373,052	£1,258,431,294	10.2%

Regional Auction Analysis

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

East Anglia

Total
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	261	223	17.0%
Lots Sold	201	176	14.2%
Percent Sold	77%	78.9%	-2.4%
Total Raised	£35,157,900	£27,056,800	29.9%

Residential
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	175	151	15.9%
Lots Sold	131	115	13.9%
Percent Sold	74.9%	76.2%	-1.7%
Total Raised	£18,433,300	£16,241,300	13.5%

Commercial
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	86	72	19.4%
Lots Sold	70	61	14.8%
Percent Sold	81.4%	84.7%	-3.9%
Total Raised	£16,724,600	£10,815,500	54.6%

East Midlands

Total
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	630	677	-6.9%
Lots Sold	466	524	-11.1%
Percent Sold	74%	77.4%	-4.4%
Total Raised	£74,265,473	£58,440,650	27.1%

Residential
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	510	517	-1.4%
Lots Sold	365	394	-7.4%
Percent Sold	71.6%	76.2%	-6.0%
Total Raised	£43,571,473	£39,815,000	9.4%

Commercial
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	120	160	-25.0%
Lots Sold	101	130	-22.3%
Percent Sold	84.2%	81.3%	3.6%
Total Raised	£30,694,000	£18,625,650	64.8%

London

Total
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	717	673	6.5%
Lots Sold	554	562	-1.4%
Percent Sold	77.3%	83.5%	-7.4%
Total Raised	£260,807,450	£260,458,250	0.1%

Residential
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	668	615	8.6%
Lots Sold	513	511	0.4%
Percent Sold	76.8%	83.1%	-7.6%
Total Raised	£223,023,450	£211,996,750	5.2%

Commercial
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	49	58	-15.5%
Lots Sold	41	51	-19.6%
Percent Sold	83.7%	87.9%	-4.8%
Total Raised	£37,784,000	£48,461,500	-22.0%

North-East

Total
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	896	821	9.1%
Lots Sold	646	581	11.2%
Percent Sold	72.1%	70.8%	1.8%
Total Raised	£54,604,283	£52,141,531	4.7%

Residential
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	829	728	13.9%
Lots Sold	603	511	18.0%
Percent Sold	72.7%	70.2%	3.6%
Total Raised	£44,221,283	£39,244,781	12.7%

Commercial
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	67	93	-28.0%
Lots Sold	43	70	-38.6%
Percent Sold	64.2%	75.3%	-14.7%
Total Raised	£10,383,000	£12,896,750	-19.5%

North-West

Total
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	1,324	1,274	3.9%
Lots Sold	957	887	7.9%
Percent Sold	72.3%	69.6%	3.9%
Total Raised	£106,475,557	£93,381,836	14.0%

Residential
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	1,080	1,017	6.2%
Lots Sold	777	708	9.7%
Percent Sold	71.9%	69.6%	3.3%
Total Raised	£63,994,152	£54,691,351	17.0%

Commercial
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	244	257	-5.1%
Lots Sold	180	179	0.6%
Percent Sold	73.8%	69.6%	6.0%
Total Raised	£42,481,405	£38,690,485	9.8%

North-West Home Counties

Total
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	321	284	13.0%
Lots Sold	265	234	13.2%
Percent Sold	82.6%	82.4%	0.2%
Total Raised	£94,442,250	£85,155,750	10.9%

Residential
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	246	192	28.1%
Lots Sold	199	156	27.6%
Percent Sold	80.9%	81.3%	-0.5%
Total Raised	£53,726,250	£45,296,500	18.6%

Commercial
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	75	92	-18.5%
Lots Sold	66	78	-15.4%
Percent Sold	88%	84.8%	3.8%
Total Raised	£40,716,000	£39,859,250	2.1%

Northern Ireland

Total
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	303	282	7.4%
Lots Sold	157	169	-7.1%
Percent Sold	51.8%	59.9%	-13.5%
Total Raised	£13,742,751	£12,521,225	9.8%

Residential
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	258	234	10.3%
Lots Sold	131	132	-0.8%
Percent Sold	50.8%	56.4%	-9.9%
Total Raised	£10,313,251	£9,256,725	11.4%

Commercial
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	45	48	-6.3%
Lots Sold	26	37	-29.7%
Percent Sold	57.8%	77.1%	-25.0%
Total Raised	£3,429,500	£3,264,500	5.1%

Scotland

Total
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	278	316	-12.0%
Lots Sold	177	178	-0.6%
Percent Sold	63.7%	56.3%	13.1%
Total Raised	£12,913,975	£16,485,205	-21.7%

Residential
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	220	229	-3.9%
Lots Sold	140	122	14.8%
Percent Sold	63.6%	53.3%	19.3%
Total Raised	£7,526,975	£6,867,805	9.6%

Commercial
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	58	87	-33.3%
Lots Sold	37	56	-33.9%
Percent Sold	63.8%	64.4%	-0.9%
Total Raised	£5,387,000	£9,617,400	-44.0%

South-East Home Counties

Total
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	1,064	1,047	1.6%
Lots Sold	856	840	1.9%
Percent Sold	80.5%	80.2%	0.4%
Total Raised	£244,372,170	£183,412,800	33.2%

Residential
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	829	801	3.5%
Lots Sold	658	648	1.5%
Percent Sold	79.4%	80.9%	-1.9%
Total Raised	£144,595,170	£119,801,350	20.7%

Commercial
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	235	246	-4.5%
Lots Sold	198	192	3.1%
Percent Sold	84.3%	78%	8.1%
Total Raised	£99,777,000	£63,611,450	56.9%

South-West

Total
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	545	603	-9.6%
Lots Sold	423	477	-11.3%
Percent Sold	77.6%	79.1%	-1.9%
Total Raised	£99,106,500	£78,321,622	26.5%

Residential
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	390	424	-8.0%
Lots Sold	298	322	-7.5%
Percent Sold	76.4%	75.9%	0.7%
Total Raised	£58,812,500	£57,330,872	2.6%

Commercial
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	155	179	-13.4%
Lots Sold	125	155	-19.4%
Percent Sold	80.6%	86.6%	-6.9%
Total Raised	£40,294,000	£20,990,750	92.0%

Wales

Total
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	597	599	-0.3%
Lots Sold	440	470	-6.4%
Percent Sold	73.7%	78.5%	-6.1%
Total Raised	£43,328,956	£46,698,550	-7.2%

Residential
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	440	398	10.6%
Lots Sold	325	318	2.2%
Percent Sold	73.9%	79.9%	-7.5%
Total Raised	£27,400,856	£24,489,700	11.9%

Commercial
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	157	201	-21.9%
Lots Sold	115	152	-24.3%
Percent Sold	73.2%	75.6%	-3.2%
Total Raised	£15,928,100	£22,208,850	-28.3%

West Midlands

Total
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	881	724	21.7%
Lots Sold	684	566	20.8%
Percent Sold	77.6%	78.2%	-0.8%
Total Raised	£104,317,350	£90,611,200	15.1%

Residential
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	686	552	24.3%
Lots Sold	533	433	23.1%
Percent Sold	77.7%	78.4%	-0.9%
Total Raised	£60,674,750	£47,800,100	26.9%

Commercial
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	195	172	13.4%
Lots Sold	151	133	13.5%
Percent Sold	77.4%	77.3%	0.1%
Total Raised	£43,642,600	£42,811,100	1.9%

Yorkshire and The Humber

Total
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	809	660	22.6%
Lots Sold	590	491	20.2%
Percent Sold	72.9%	74.4%	-2.0%
Total Raised	£66,381,932	£48,658,966	36.4%

Residential
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	702	521	34.7%
Lots Sold	514	382	34.6%
Percent Sold	73.2%	73.3%	-0.1%
Total Raised	£46,488,182	£31,253,316	48.7%

Commercial
	March 2016 - May 2016	March 2015 - May 2015	Increase
Lots Offered	107	139	-23.0%
Lots Sold	76	109	-30.3%
Percent Sold	71%	78.4%	-9.4%
Total Raised	£19,893,750	£17,405,650	14.3%

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