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EIG September News

Essential Information Group

September 2016 Newsletter

EIG monthly Newsletter

 

Essential Auction News

Welcome to the September newsletter that looks back at auction activity in August and preceding periods. The traditionally quiet month of August has yielded a surprisingly positive set of auction results. In the 48 auctions held across the UK last month, lots offered was up 15% to 960 lots, lots sold up 20% to 670 lots and the amount raised also up 20% to £62M.

Whilst one swallow doesn't make a summer (especially given the much smaller than average sample set), the industry will certainly welcome the increased activity and approach the busy Autumn period ahead with renewed confidence.

I do hope that you are enjoying this prolonged period of fine (albeit late) Summer weather. As ever I would welcome any feedback you may have regarding the newsletter or indeed the wider market in general.

Overall Statistics August 2016

Auctions Held in the UK

48

Total Lots Offered

960

Total Lots Sold

670

Percent Sold

69.8%

Total Realised

£62,339,343

National Auction Analysis

In the residential market lots offered increased 15% in August, from 763 lots to 880 lots, whilst lots sold increased 18% from 517 lots to 609 lots and the amount raised gained £9M to total £57M. The recent market falls prior to August have had an adverse effect on the rolling quarterly figures, which are down in all 4 of the metrics measured, but encouragingly the rolling yearly figures are still showing increases on the previous year - notably the double-digit rise in the amount raised (+10%).

The commercial market made large gains in August, with double-digit rises in all 4 metrics, although one shouldn't read too much into the surge given the very small sample size that we're reporting on.

Total

N.B. Figures in brackets denote the comparative period last year

August 2016

June 2016 to August 2016

September 2015 to August 2016

Lots Offered

960 (835)

15.0%

7,427 (7,796)

4.7%

33,902 (33,819)

0.2%

Lots Sold

670 (559)

19.9%

5,439 (5,932)

8.3%

25,936 (25,795)

0.5%

Percent Sold

69.8% (66.9%)

4.3%

73.2% (76.1%)

3.8%

76.5% (76.3%)

0.3%

Total Raised

£62M (£52M)

20.1%

£838M (£980M)

14.5%

£4,709M (£4,300M)

9.5%


Residential

N.B. Figures in brackets denote the comparative period last year

August 2016

June 2016 to August 2016

September 2015 to August 2016

Lots Offered

880 (763)

15.3%

6,153 (6,421)

4.2%

28,015 (27,272)

2.7%

Lots Sold

609 (517)

17.8%

4,488 (4,874)

7.9%

21,321 (20,670)

3.1%

Percent Sold

69.2% (67.8%)

2.1%

72.9% (75.9%)

4.0%

76.1% (75.8%)

0.4%

Total Raised

£57M (£48M)

18.7%

£633M (£730M)

13.4%

£3,320M (£3,016M)

10.1%


Commercial

N.B. Figures in brackets denote the comparative period last year

August 2016

June 2016 to August 2016

September 2015 to August 2016

Lots Offered

80 (72)

11.1%

1,274 (1,375)

7.3%

5,887 (6,547)

10.1%

Lots Sold

61 (42)

45.2%

951 (1,058)

10.1%

4,615 (5,125)

10.0%

Percent Sold

76.3% (58.3%)

30.9%

74.6% (76.9%)

3.0%

78.4% (78.3%)

0.1%

Total Raised

£6M (£4M)

35.8%

£206M (£250M)

17.8%

£1,390M (£1,283M)

8.3%


Regional Auction Analysis

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

N.B. Figures in brackets denote the comparative period last year

East-AngliaEast Anglia

June 2016 to August 2016

Total

Residential

Commercial

Lots Offered

209 (262)

20.2%

162 (206)

21.4%

47 (56)

16.1%

Lots Sold

174 (209)

16.7%

131 (162)

19.1%

43 (47)

8.5%

Percent Sold

83.3% (79.8%)

4.4%

80.9% (78.6%)

2.9%

91.5% (83.9%)

9.1%

Total Raised

£24M (£29M)

14.7%

£18M (£22M)

18.7%

£7M (£7M)

2.2%


East-MidlandsEast Midlands

June 2016 to August 2016

Total

Residential

Commercial

Lots Offered

571 (652)

12.4%

485 (528)

8.1%

86 (124)

30.6%

Lots Sold

432 (507)

14.8%

366 (396)

7.6%

66 (111)

40.5%

Percent Sold

75.7% (77.8%)

2.7%

75.5% (75.0%)

0.7%

76.7% (89.5%)

14.3%

Total Raised

£54M (£67M)

19.0%

£38M (£47M)

19.6%

£16M (£19M)

17.4%


LondonLondon

June 2016 to August 2016

Total

Residential

Commercial

Lots Offered

535 (632)

15.3%

501 (575)

12.9%

34 (57)

40.4%

Lots Sold

383 (534)

28.3%

358 (482)

25.7%

25 (52)

51.9%

Percent Sold

71.6% (84.5%)

15.3%

71.5% (83.8%)

14.7%

73.5% (91.2%)

19.4%

Total Raised

£155M (£224M)

30.8%

£141M (£193M)

27.1%

£14M (£31M)

54.2%


North-EastNorth-East

June 2016 to August 2016

Total

Residential

Commercial

Lots Offered

765 (762)

0.4%

707 (710)

0.4%

58 (52)

11.5%

Lots Sold

526 (510)

3.1%

487 (467)

4.3%

39 (43)

9.3%

Percent Sold

68.8% (66.9%)

2.8%

68.9% (65.8%)

4.7%

67.2% (82.7%)

18.7%

Total Raised

£41M (£44M)

6.8%

£35M (£34M)

1.7%

£6M (£10M)

36.0%


North-WestNorth-West

June 2016 to August 2016

Total

Residential

Commercial

Lots Offered

1,216 (1,152)

5.6%

984 (944)

4.2%

232 (208)

11.5%

Lots Sold

885 (870)

1.7%

704 (731)

3.7%

181 (139)

30.2%

Percent Sold

72.8% (75.5%)

3.6%

71.5% (77.4%)

7.6%

78.0% (66.8%)

16.8%

Total Raised

£98M (£90M)

9.3%

£60M (£63M)

5.2%

£39M (£27M)

43.1%


North-West-Home-CountiesNorth-West Home Counties

June 2016 to August 2016

Total

Residential

Commercial

Lots Offered

302 (279)

8.2%

249 (221)

12.7%

53 (58)

8.6%

Lots Sold

241 (229)

5.2%

208 (186)

11.8%

33 (43)

23.3%

Percent Sold

79.8% (82.1%)

2.8%

83.5% (84.2%)

0.8%

62.3% (74.1%)

15.9%

Total Raised

£58M (£68M)

14.5%

£47M (£50M)

4.6%

£11M (£19M)

41.3%


Northern-IrelandNorthern Ireland

June 2016 to August 2016

Total

Residential

Commercial

Lots Offered

278 (289)

3.8%

234 (228)

2.6%

44 (61)

27.9%

Lots Sold

121 (159)

23.9%

96 (122)

21.3%

25 (37)

32.4%

Percent Sold

43.5% (55.0%)

20.9%

41.0% (53.5%)

23.4%

56.8% (60.7%)

6.4%

Total Raised

£9M (£11M)

15.0%

£7M (£8M)

12.1%

£2M (£3M)

22.5%


ScotlandScotland

June 2016 to August 2016

Total

Residential

Commercial

Lots Offered

224 (215)

4.2%

178 (153)

16.3%

46 (62)

25.8%

Lots Sold

134 (142)

5.6%

103 (96)

7.3%

31 (46)

32.6%

Percent Sold

59.8% (66.0%)

9.4%

57.9% (62.7%)

7.7%

67.4% (74.2%)

9.2%

Total Raised

£10M (£13M)

28.4%

£6M (£5M)

27.8%

£3M (£8M)

62.4%


South-East-Home-CountiesSouth-East Home Counties

June 2016 to August 2016

Total

Residential

Commercial

Lots Offered

771 (853)

9.6%

619 (693)

10.7%

152 (160)

5.0%

Lots Sold

593 (696)

14.8%

483 (566)

14.7%

110 (130)

15.4%

Percent Sold

76.9% (81.6%)

5.8%

78.0% (81.7%)

4.5%

72.4% (81.3%)

10.9%

Total Raised

£140M (£161M)

12.6%

£105M (£115M)

9.2%

£36M (£45M)

21.3%


South-WestSouth-West

June 2016 to August 2016

Total

Residential

Commercial

Lots Offered

580 (614)

5.5%

406 (466)

12.9%

174 (148)

17.6%

Lots Sold

433 (470)

7.9%

300 (350)

14.3%

133 (120)

10.8%

Percent Sold

74.7% (76.5%)

2.4%

73.9% (75.1%)

1.6%

76.4% (81.1%)

5.8%

Total Raised

£72M (£93M)

23.2%

£53M (£71M)

25.2%

£19M (£23M)

17.1%


WalesWales

June 2016 to August 2016

Total

Residential

Commercial

Lots Offered

467 (553)

15.6%

368 (405)

9.1%

99 (148)

33.1%

Lots Sold

342 (415)

17.6%

268 (316)

15.2%

74 (99)

25.3%

Percent Sold

73.2% (75.0%)

2.4%

72.8% (78.0%)

6.7%

74.7% (66.9%)

11.7%

Total Raised

£33M (£36M)

9.6%

£21M (£26M)

18.3%

£11M (£10M)

13.5%


West-MidlandsWest Midlands

June 2016 to August 2016

Total

Residential

Commercial

Lots Offered

763 (879)

13.2%

637 (733)

13.1%

126 (146)

13.7%

Lots Sold

600 (685)

12.4%

507 (571)

11.2%

93 (114)

18.4%

Percent Sold

78.6% (77.9%)

0.9%

79.6% (77.9%)

2.2%

73.8% (78.1%)

5.5%

Total Raised

£79M (£79M)

0.5%

£60M (£58M)

4.2%

£19M (£21M)

9.6%


Yorkshire-and-The-HumberYorkshire and The Humber

June 2016 to August 2016

Total

Residential

Commercial

Lots Offered

746 (654)

14.1%

623 (559)

11.4%

123 (95)

29.5%

Lots Sold

575 (506)

13.6%

477 (429)

11.2%

98 (77)

27.3%

Percent Sold

77.1% (77.4%)

0.4%

76.6% (76.7%)

0.1%

79.7% (81.1%)

1.7%

Total Raised

£64M (£65M)

1.8%

£42M (£38M)

8.9%

£22M (£27M)

17.0%


Your Comments

If you would like to comment on anything in this email, or have any suggestions for future newsletters, we would like to hear from you. So please email us anytime.

A word from the editor


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

Kind regards

David Sandeman

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