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EIG News August 2018

Essential Information Group

August 2018 Newsletter

EIG monthly Newsletter

 

Essential Auction News

Welcome to the August newsletter that looks back at auction activity in July and preceding periods. Whilst July is traditionally one of the busiest months in the auction calendar, there were only 132 auctions held across the UK last month - 12 fewer than last year and 36 fewer than in July 2016.

It is perhaps no surprise then to see numbers down on last year, with lots offered falling 2.8% to 3,555 lots, lots sold falling 7.1% to 2,578 lots and auction revenues down by over 10%, from £527M to £473M. It should be noted though that these falls are far less than those witnessed in June, when volumes fell by over 20% and revenues by 24%.

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

Please note the newsletter can also be viewed online.

Overall Statistics July 2018

Auctions Held in the UK

132

Total Lots Offered

3,555

Total Lots Sold

2,578

Percent Sold

72.5%

Total Realised

£473,142,367

National Auction Analysis

Residential lots offered and sold fell by 4.8% and 8.2% respectively, whilst total raised dropped £18M to £309M - down 8.3%. The commercial market saw an increase in lots offered; up 5.7% to 743 lots, but sales dipped by 2.2% and revenues fell 13.5% to £164M.

Overall

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


July 2018

May 2018 to July 2018

August 2017 to July 2018

Lots Offered

3,555 (3,657)

2.8%

9,211 (9,487)

2.9%

32,810 (32,764)

0.1%

Lots Sold

2,578 (2,774)

7.1%

6,758 (7,189)

6.0%

24,748 (25,035)

1.1%

Percent Sold

72.5% (75.9%)

4.5%

73.4% (75.8%)

3.2%

75.4% (76.4%)

1.3%

Total Raised

£473M (£527M)

10.2%

£1,220M (£1,344M)

9.2%

£4,413M (£4,479M)

1.5%


Residential

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


July 2018

May 2018 to July 2018

August 2017 to July 2018

Lots Offered

2,812 (2,954)

4.8%

7,510 (7,806)

3.8%

27,393 (27,163)

0.8%

Lots Sold

2,050 (2,234)

8.2%

5,495 (5,891)

6.7%

20,573 (20,619)

0.2%

Percent Sold

72.9% (75.6%)

3.6%

73.2% (75.5%)

3.0%

75.1% (75.9%)

1.1%

Total Raised

£309M (£337M)

8.3%

£856M (£911M)

6.0%

£3,126M (£3,111M)

0.5%


Commercial

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


July 2018

May 2018 to July 2018

August 2017 to July 2018

Lots Offered

743 (703)

5.7%

1,701 (1,681)

1.2%

5,417 (5,601)

3.3%

Lots Sold

528 (540)

2.2%

1,263 (1,298)

2.7%

4,175 (4,416)

5.5%

Percent Sold

71.1% (76.8%)

7.4%

74.3% (77.2%)

3.8%

77.1% (78.8%)

2.2%

Total Raised

£164M (£190M)

13.5%

£365M (£433M)

15.9%

£1,287M (£1,369M)

6.0%


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

May 2018 to July 2018

Total

Residential

Commercial

Lots Offered

312 (267)

16.9%

251 (200)

25.5%

61 (67)

9.0%

Lots Sold

241 (224)

7.6%

192 (163)

17.8%

49 (61)

19.7%

Percent Sold

77.2% (83.9%)

8.0%

76.5% (81.5%)

6.1%

80.3% (91.0%)

11.8%

Total Raised

£41M (£44M)

7.1%

£31M (£27M)

16.2%

£10M (£17M)

43.7%


East-MidlandsEast Midlands

May 2018 to July 2018

Total

Residential

Commercial

Lots Offered

692 (742)

6.7%

588 (618)

4.9%

104 (124)

16.1%

Lots Sold

525 (575)

8.7%

446 (482)

7.5%

79 (93)

15.1%

Percent Sold

75.9% (77.5%)

2.1%

75.9% (78.0%)

2.7%

76.0% (75.0%)

1.3%

Total Raised

£80M (£83M)

4.4%

£59M (£54M)

8.7%

£21M (£29M)

28.5%


LondonLondon

May 2018 to July 2018

Total

Residential

Commercial

Lots Offered

631 (837)

24.6%

567 (748)

24.2%

64 (89)

28.1%

Lots Sold

456 (597)

23.6%

399 (521)

23.4%

57 (76)

25.0%

Percent Sold

72.3% (71.3%)

1.4%

70.4% (69.7%)

1.0%

89.1% (85.4%)

4.3%

Total Raised

£230M (£283M)

18.9%

£186M (£216M)

13.8%

£44M (£67M)

35.1%


North-EastNorth-East

May 2018 to July 2018

Total

Residential

Commercial

Lots Offered

788 (786)

0.3%

728 (717)

1.5%

60 (69)

13.0%

Lots Sold

570 (623)

8.5%

532 (567)

6.2%

38 (56)

32.1%

Percent Sold

72.3% (79.3%)

8.8%

73.1% (79.1%)

7.6%

63.3% (81.2%)

22.0%

Total Raised

£45M (£54M)

16.8%

£36M (£41M)

11.0%

£9M (£14M)

34.0%


North-WestNorth-West

May 2018 to July 2018

Total

Residential

Commercial

Lots Offered

1,400 (1,453)

3.6%

1,108 (1,201)

7.7%

292 (252)

15.9%

Lots Sold

1,030 (1,116)

7.7%

808 (932)

13.3%

222 (184)

20.7%

Percent Sold

73.6% (76.8%)

4.2%

72.9% (77.6%)

6.1%

76.0% (73.0%)

4.1%

Total Raised

£119M (£133M)

10.5%

£80M (£87M)

8.2%

£40M (£47M)

14.7%


North-West-Home-CountiesNorth-West Home Counties

May 2018 to July 2018

Total

Residential

Commercial

Lots Offered

425 (459)

7.4%

328 (349)

6.0%

97 (110)

11.8%

Lots Sold

305 (362)

15.7%

236 (275)

14.2%

69 (87)

20.7%

Percent Sold

71.8% (78.9%)

9.0%

72.0% (78.8%)

8.6%

71.1% (79.1%)

10.1%

Total Raised

£89M (£123M)

27.9%

£53M (£70M)

23.9%

£36M (£54M)

33.1%


Northern-IrelandNorthern Ireland

May 2018 to July 2018

Total

Residential

Commercial

Lots Offered

195 (233)

16.3%

181 (192)

5.7%

14 (41)

65.9%

Lots Sold

78 (119)

34.5%

74 (92)

19.6%

4 (27)

85.2%

Percent Sold

40.0% (51.1%)

21.7%

40.9% (47.9%)

14.6%

28.6% (65.9%)

56.6%

Total Raised

£7M (£15M)

56.0%

£6M (£10M)

36.4%

£1M (£6M)

89.1%


ScotlandScotland

May 2018 to July 2018

Total

Residential

Commercial

Lots Offered

246 (234)

5.1%

172 (160)

7.5%

74 (74)

0.0%

Lots Sold

153 (146)

4.8%

106 (90)

17.8%

47 (56)

16.1%

Percent Sold

62.2% (62.4%)

0.3%

61.6% (56.3%)

9.4%

63.5% (75.7%)

16.1%

Total Raised

£17M (£18M)

2.6%

£6M (£5M)

25.5%

£11M (£13M)

13.5%


South-East-Home-CountiesSouth-East Home Counties

May 2018 to July 2018

Total

Residential

Commercial

Lots Offered

1,342 (1,255)

6.9%

1,100 (1,007)

9.2%

242 (248)

2.4%

Lots Sold

972 (979)

0.7%

794 (772)

2.8%

178 (207)

14.0%

Percent Sold

72.4% (78.0%)

7.2%

72.2% (76.7%)

5.9%

73.6% (83.5%)

11.9%

Total Raised

£243M (£236M)

3.2%

£167M (£164M)

1.6%

£77M (£72M)

6.8%


South-WestSouth-West

May 2018 to July 2018

Total

Residential

Commercial

Lots Offered

685 (597)

14.7%

463 (422)

9.7%

222 (175)

26.9%

Lots Sold

517 (445)

16.2%

348 (302)

15.2%

169 (143)

18.2%

Percent Sold

75.5% (74.5%)

1.3%

75.2% (71.6%)

5.0%

76.1% (81.7%)

6.9%

Total Raised

£104M (£98M)

6.7%

£66M (£59M)

12.1%

£38M (£39M)

1.6%


WalesWales

May 2018 to July 2018

Total

Residential

Commercial

Lots Offered

628 (595)

5.5%

475 (463)

2.6%

153 (132)

15.9%

Lots Sold

464 (433)

7.2%

347 (347)

0.0%

117 (86)

36.0%

Percent Sold

73.9% (72.8%)

1.5%

73.1% (74.9%)

2.4%

76.5% (65.2%)

17.3%

Total Raised

£49M (£47M)

4.3%

£31M (£31M)

0.5%

£18M (£16M)

13.4%


West-MidlandsWest Midlands

May 2018 to July 2018

Total

Residential

Commercial

Lots Offered

1,016 (1,096)

7.3%

832 (925)

10.1%

184 (171)

7.6%

Lots Sold

789 (850)

7.2%

655 (722)

9.3%

134 (128)

4.7%

Percent Sold

77.7% (77.6%)

0.1%

78.7% (78.1%)

0.8%

72.8% (74.9%)

2.8%

Total Raised

£117M (£116M)

0.8%

£81M (£87M)

7.1%

£36M (£29M)

24.5%


Yorkshire-and-The-HumberYorkshire and The Humber

May 2018 to July 2018

Total

Residential

Commercial

Lots Offered

851 (933)

8.8%

717 (804)

10.8%

134 (129)

3.9%

Lots Sold

658 (720)

8.6%

558 (626)

10.9%

100 (94)

6.4%

Percent Sold

77.3% (77.2%)

0.1%

77.8% (77.9%)

0.1%

74.6% (72.9%)

2.3%

Total Raised

£79M (£92M)

15.0%

£54M (£61M)

11.7%

£25M (£31M)

21.5%


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

David Sandeman


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

Kind regards

David Sandeman
davids@eigroup.co.uk

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