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EIG News November 2018
Essential Auction News
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National Auction Analysis
The residential market saw lots offered fall from 2,788 lots in October 17 to 2,687 lots in October 18, a 3.6% drop, whilst total residential revenues fell by 7.3% to £275.1M. In the same period the commercial market saw a 12.2% drop in lots offered, from 854 lots to 750 lots, but commercial revenues fell by an alarming 26.6%, to £206.2M.
Overall
N.B. Figures in brackets denote the comparative period last year
| October 2018 | August 2018 to October 2018 | November 2017 to October 2018 | ||||
| Lots Offered | 3,437 (3,642) | ▼ 5.6% | 7,901 (8,371) | ▼ 5.6% | 31,818 (33,242) | ▼ 4.3% |
| Lots Sold | 2,487 (2,721) | ▼ 8.6% | 5,670 (6,249) | ▼ 9.3% | 23,515 (25,448) | ▼ 7.6% |
| Percent Sold | 72.4% (74.7%) | ▼ 3.1% | 71.8% (74.7%) | ▼ 3.9% | 73.9% (76.6%) | ▼ 3.5% |
| Total Raised | £481.3M (£577.9M) | ▼ 16.7% | £938.9M (£1,105.4M) | ▼ 15.1% | £4,146.7M (£4,623.3M) | ▼ 10.3% |
Residential
N.B. Figures in brackets denote the comparative period last year
| October 2018 | August 2018 to October 2018 | November 2017 to October 2018 | ||||
| Lots Offered | 2,687 (2,788) | ▼ 3.6% | 6,650 (6,996) | ▼ 4.9% | 26,529 (27,700) | ▼ 4.2% |
| Lots Sold | 1,927 (2,044) | ▼ 5.7% | 4,775 (5,196) | ▼ 8.1% | 19,531 (21,081) | ▼ 7.4% |
| Percent Sold | 71.7% (73.3%) | ▼ 2.2% | 71.8% (74.3%) | ▼ 3.4% | 73.6% (76.1%) | ▼ 3.3% |
| Total Raised | £275.1M (£296.9M) | ▼ 7.3% | £691.4M (£771.6M) | ▼ 10.4% | £2,983.6M (£3,227.9M) | ▼ 7.6% |
Commercial
N.B. Figures in brackets denote the comparative period last year
| October 2018 | August 2018 to October 2018 | November 2017 to October 2018 | ||||
| Lots Offered | 750 (854) | ▼ 12.2% | 1,251 (1,375) | ▼ 9.0% | 5,289 (5,542) | ▼ 4.6% |
| Lots Sold | 560 (677) | ▼ 17.3% | 895 (1,053) | ▼ 15.0% | 3,984 (4,367) | ▼ 8.8% |
| Percent Sold | 74.7% (79.3%) | ▼ 5.8% | 71.5% (76.6%) | ▼ 6.7% | 75.3% (78.8%) | ▼ 4.4% |
| Total Raised | £206.2M (£281.1M) | ▼ 26.6% | £247.6M (£333.8M) | ▼ 25.8% | £1,163.1M (£1,395.4M) | ▼ 16.6% |
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 Anglia
| August 2018 to October 2018 | Total | Residential | Commercial | |||
| Lots Offered | 307 (309) | ▼ 0.6% | 256 (233) | ▲ 9.9% | 51 (76) | ▼ 32.9% |
| Lots Sold | 223 (227) | ▼ 1.8% | 180 (165) | ▲ 9.1% | 43 (62) | ▼ 30.6% |
| Percent Sold | 72.6% (73.5%) | ▼ 1.2% | 70.3% (70.8%) | ▼ 0.7% | 84.3% (81.6%) | ▲ 3.3% |
| Total Raised | £36.2M (£51.6M) | ▼ 29.8% | £27.1M (£26.1M) | ▲ 3.8% | £9.1M (£25.5M) | ▼ 64.3% |
East Midlands
| August 2018 to October 2018 | Total | Residential | Commercial | |||
| Lots Offered | 577 (585) | ▼ 1.4% | 480 (483) | ▼ 0.6% | 97 (102) | ▼ 4.9% |
| Lots Sold | 432 (470) | ▼ 8.1% | 373 (387) | ▼ 3.6% | 59 (83) | ▼ 28.9% |
| Percent Sold | 74.9% (80.3%) | ▼ 6.7% | 77.7% (80.1%) | ▼ 3.0% | 60.8% (81.4%) | ▼ 25.3% |
| Total Raised | £63.6M (£72.2M) | ▼ 11.9% | £47.0M (£48.3M) | ▼ 2.7% | £16.6M (£23.8M) | ▼ 30.5% |
London
| August 2018 to October 2018 | Total | Residential | Commercial | |||
| Lots Offered | 428 (595) | ▼ 28.1% | 391 (532) | ▼ 26.5% | 37 (63) | ▼ 41.3% |
| Lots Sold | 303 (412) | ▼ 26.5% | 278 (363) | ▼ 23.4% | 25 (49) | ▼ 49.0% |
| Percent Sold | 70.8% (69.2%) | ▲ 2.3% | 71.1% (68.2%) | ▲ 4.3% | 67.6% (77.8%) | ▼ 13.1% |
| Total Raised | £146.7M (£195.7M) | ▼ 25.1% | £131.2M (£163.6M) | ▼ 19.8% | £15.4M (£32.1M) | ▼ 51.8% |
North-East
| August 2018 to October 2018 | Total | Residential | Commercial | |||
| Lots Offered | 779 (746) | ▲ 4.4% | 721 (696) | ▲ 3.6% | 58 (50) | ▲ 16.0% |
| Lots Sold | 550 (562) | ▼ 2.1% | 513 (531) | ▼ 3.4% | 37 (31) | ▲ 19.4% |
| Percent Sold | 70.6% (75.3%) | ▼ 6.2% | 71.2% (76.3%) | ▼ 6.7% | 63.8% (62.0%) | ▲ 2.9% |
| Total Raised | £45.5M (£40.0M) | ▲ 13.9% | £34.3M (£35.0M) | ▼ 2.1% | £11.2M (£5.0M) | ▲ 126.4% |
North-West
| August 2018 to October 2018 | Total | Residential | Commercial | |||
| Lots Offered | 1,285 (1,291) | ▼ 0.5% | 1,061 (1,098) | ▼ 3.4% | 224 (193) | ▲ 16.1% |
| Lots Sold | 906 (943) | ▼ 3.9% | 754 (797) | ▼ 5.4% | 152 (146) | ▲ 4.1% |
| Percent Sold | 70.5% (73.0%) | ▼ 3.4% | 71.1% (72.6%) | ▼ 2.1% | 67.9% (75.6%) | ▼ 10.2% |
| Total Raised | £92.0M (£91.5M) | ▲ 0.6% | £65.5M (£63.9M) | ▲ 2.6% | £26.5M (£27.6M) | ▼ 3.9% |
North-West Home Counties
| August 2018 to October 2018 | Total | Residential | Commercial | |||
| Lots Offered | 317 (331) | ▼ 4.2% | 268 (249) | ▲ 7.6% | 49 (82) | ▼ 40.2% |
| Lots Sold | 222 (241) | ▼ 7.9% | 184 (176) | ▲ 4.5% | 38 (65) | ▼ 41.5% |
| Percent Sold | 70.0% (72.8%) | ▼ 3.8% | 68.7% (70.7%) | ▼ 2.8% | 77.6% (79.3%) | ▼ 2.1% |
| Total Raised | £65.5M (£111.9M) | ▼ 41.5% | £44.2M (£67.1M) | ▼ 34.1% | £21.3M (£44.9M) | ▼ 52.4% |
Northern Ireland
| August 2018 to October 2018 | Total | Residential | Commercial | |||
| Lots Offered | 121 (304) | ▼ 60.2% | 114 (262) | ▼ 56.5% | 7 (42) | ▼ 83.3% |
| Lots Sold | 57 (167) | ▼ 65.9% | 56 (138) | ▼ 59.4% | 1 (29) | ▼ 96.6% |
| Percent Sold | 47.1% (54.9%) | ▼ 14.2% | 49.1% (52.7%) | ▼ 6.8% | 14.3% (69.0%) | ▼ 79.3% |
| Total Raised | £4.2M (£14.1M) | ▼ 70.3% | £4.2M (£11.4M) | ▼ 63.3% | £0.0M (£2.7M) | ▼ 99.2% |
Scotland
| August 2018 to October 2018 | Total | Residential | Commercial | |||
| Lots Offered | 210 (237) | ▼ 11.4% | 152 (186) | ▼ 18.3% | 58 (51) | ▲ 13.7% |
| Lots Sold | 147 (154) | ▼ 4.5% | 100 (117) | ▼ 14.5% | 47 (37) | ▲ 27.0% |
| Percent Sold | 70.0% (65.0%) | ▲ 7.7% | 65.8% (62.9%) | ▲ 4.6% | 81.0% (72.5%) | ▲ 11.7% |
| Total Raised | £15.8M (£15.2M) | ▲ 3.8% | £7.3M (£5.8M) | ▲ 25.8% | £8.5M (£9.4M) | ▼ 9.7% |
South-East Home Counties
| August 2018 to October 2018 | Total | Residential | Commercial | |||
| Lots Offered | 908 (1,035) | ▼ 12.3% | 751 (854) | ▼ 12.1% | 157 (181) | ▼ 13.3% |
| Lots Sold | 635 (789) | ▼ 19.5% | 522 (643) | ▼ 18.8% | 113 (146) | ▼ 22.6% |
| Percent Sold | 69.9% (76.2%) | ▼ 8.3% | 69.5% (75.3%) | ▼ 7.7% | 72.0% (80.7%) | ▼ 10.8% |
| Total Raised | £149.8M (£185.2M) | ▼ 19.1% | £105.6M (£127.2M) | ▼ 17.0% | £44.3M (£58.0M) | ▼ 23.7% |
South-West
| August 2018 to October 2018 | Total | Residential | Commercial | |||
| Lots Offered | 524 (517) | ▲ 1.4% | 360 (355) | ▲ 1.4% | 164 (162) | ▲ 1.2% |
| Lots Sold | 378 (377) | ▲ 0.3% | 249 (264) | ▼ 5.7% | 129 (113) | ▲ 14.2% |
| Percent Sold | 72.1% (72.9%) | ▼ 1.1% | 69.2% (74.4%) | ▼ 7.0% | 78.7% (69.8%) | ▲ 12.8% |
| Total Raised | £86.7M (£77.2M) | ▲ 12.3% | £53.2M (£53.6M) | ▼ 0.9% | £33.6M (£23.6M) | ▲ 42.0% |
Wales
| August 2018 to October 2018 | Total | Residential | Commercial | |||
| Lots Offered | 576 (552) | ▲ 4.3% | 475 (450) | ▲ 5.6% | 101 (102) | ▼ 1.0% |
| Lots Sold | 395 (401) | ▼ 1.5% | 335 (331) | ▲ 1.2% | 60 (70) | ▼ 14.3% |
| Percent Sold | 68.6% (72.6%) | ▼ 5.5% | 70.5% (73.6%) | ▼ 4.2% | 59.4% (68.6%) | ▼ 13.4% |
| Total Raised | £40.6M (£39.5M) | ▲ 2.8% | £29.3M (£27.8M) | ▲ 5.4% | £11.3M (£11.7M) | ▼ 3.4% |
West Midlands
| August 2018 to October 2018 | Total | Residential | Commercial | |||
| Lots Offered | 1,111 (1,024) | ▲ 8.5% | 970 (871) | ▲ 11.4% | 141 (153) | ▼ 7.8% |
| Lots Sold | 821 (825) | ▼ 0.5% | 715 (698) | ▲ 2.4% | 106 (127) | ▼ 16.5% |
| Percent Sold | 73.9% (80.6%) | ▼ 8.3% | 73.7% (80.1%) | ▼ 8.0% | 75.2% (83.0%) | ▼ 9.4% |
| Total Raised | £129.0M (£131.5M) | ▼ 1.9% | £93.6M (£89.6M) | ▲ 4.4% | £35.5M (£41.9M) | ▼ 15.3% |
Yorkshire and The Humber
| August 2018 to October 2018 | Total | Residential | Commercial | |||
| Lots Offered | 758 (845) | ▼ 10.3% | 651 (727) | ▼ 10.5% | 107 (118) | ▼ 9.3% |
| Lots Sold | 601 (681) | ▼ 11.7% | 516 (586) | ▼ 11.9% | 85 (95) | ▼ 10.5% |
| Percent Sold | 79.3% (80.6%) | ▼ 1.6% | 79.3% (80.6%) | ▼ 1.6% | 79.4% (80.5%) | ▼ 1.4% |
| Total Raised | £63.3M (£79.9M) | ▼ 20.7% | £49.0M (£52.2M) | ▼ 6.2% | £14.3M (£27.7M) | ▼ 48.2% |
