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

Go to our homepage

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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