A glance through the regional results shows that all but 1 of the 13 regions has seen a fall in auction sales ...
DMS now has the option of using information added into DMS to send out correspondences to vendors, purchasers and their solicitors, and more ...
EIG is known as the go to place for all things property auction related and now the member's service has a new name ...
The fiercely contested, high-octane competition was sponsored by Clive Emson, ATG, Bidpath and EIG
In what is usually the busiest period in the auction calendar, last month saw only 144 auctions held across the UK ...
It was great to see both new and familiar faces in the auction community from all corners of the country ...
NAVA Propertymark has invited David Sandeman to speak on the state of the auction market & how it is developing for the future ...
As usual, a large portion of the industry took a break in August, with only 51 auctions held across the UK ...
Whilst July is traditionally one of the busiest months in the auction calendar, there were only 132 auctions held across …
David Sandeman speaks to Lisa Isaacs at The Negotiator about developments in the residential auctions market ...
Looking back at auction activity in June and preceding periods, the market experienced a notably challenging month ...
Last month I reported on a subdued set of auction results, so I am pleased to see that the market bounced back …
In the Press - EIG is about to add online auction and conditional lots to its listings and auctioneer league tables ...
The auction market has changed enormously over the past few years – and so have the type of buyers coming to the room ...
After an encouraging start to 2018, it appears that the market has just cooled slightly, the monthly figures show ...
The technology to deliver property auctions online has been available for some years now, yet the industry been slow to promote them
A landmark day in online property auctions has been heralded, after the UK’s largest auction house entered the market.
REA chairperson Eoin Dillon with David Sandeman, Essential Information Group, at the launch of the REA Online Auction Platform
For the second successive month the industry has enjoyed considerable growth in terms of volumes ...
The EIG online auction platform is to be used by LSH for the sale of a large development site with planning for over 300 flats in Manchester with a guide price of £5 million.
I am pleased to report on a strong set of auction results last month, with overall lots offered up almost 6% to 4,067 lots and a 3% increase in sales to 3,087 lots.
It was announced in the Estates Gazette that the MOD has awarded a two year online auction contract to LSH.
The freehold plot of vacant land in West Yorkshire spans 3.04 acres and is listed with a £950,000 guide price and is being offered at the auction by receivers.
Just 9 auctions were held across the UK last month, the quietest month in the auction calendar and we're currently in the midst of one of the busiest.
Between October and December 2017, some £822 million worth of UK residential property was sold at auction, according to the Essential Information Group. Initially this may seem impressive, but it still only represents a small proportion of the market.
2017 was very much a year of two halves. In the first half auction sales fell by 5% and revenues by 7% when compared to H1 2016 ...
EIG compiled the residential and commercial statistics for every auction house in the UK for Estates Gazette to publish their annual League Table of Results. The Auction House statistics include Lots Offered and the Total Raised which is seen in the industry as important indicators of performance.
The Property Investors Blog features 2018 insights from property industry experts on a range of sectors. Read a wide array of commentary from property industry thought-leaders, who took the time to reflect on the market moving into 2018.
As highlighted last month, several major auctioneers held their Autumn auction in October this year compared with November last year. This resulted in large double-digit gains made in October, but conversely large double-digit losses in November ...
Last month's figures are somewhat skewed because of the auction dates chosen by several major residential auctioneers. If we discount these auctions, and those held by 6 major auctioneers which held an auction in October last year and their corresponding auction in November this year, we can see that the overall amount raised climbed 17%.
The EIG team were at The Negotiator Awards 2017 celebrating their fantastic achievement as award winners for the second year in a row.
Welcome to the October newsletter that looks back at auction activity in September and preceding periods. I am pleased to report on a strong set of auction results, with 3,793 lots offered across 162 auctions (up 4% on September 16). The gavel fell on 2,857 lots, up almost 9% on last year, whilst total revenues exceeded £451M
EIG moved to a new venue this year to celebrate the 20th year of the Annual Auctioneers Lunch. Hosted at The Royal Thames Yacht Club in Knightsbridge it was as ever a great opportunity for those in the industry from across the UK to catch up and discuss topical issues.
Welcome to the September newsletter looking back at auction activity in August and preceding periods. As always August was a quiet month for the auction industry, with only 47 auctions held across the UK. Slight falls in lots offered (down 8.8%) and lots sold (down 7.5%) were offset by a 10% rise in total revenues (up £7M to £69M).
Welcome to the August newsletter that looks back at auction activity in July and preceding periods. There were 144 auctions held across the UK last month - 24 fewer than last year, yet the numbers below indicate a steady if not positive marketplace.
Welcome to the July newsletter that looks back at auction activity in June and preceding periods. 126 auctions were held across the UK last month, 18 fewer than in June 2016, yet the market saw very little change in terms of overall performance.
David Sandeman, EIG Managing Director and Robert Ramagge, Technical Services Manager from EIG attended the conference taking the opportunity to meet the franchisees, networking across the group and showcasing the Sale Vision service.
Welcome to the June newsletter that looks back at auction activity in May and preceding periods. Whilst the UK wakes up to the unexpected news of a hung parliament and what will surely lead to turbulent times ahead for UK politics, I am pleased to report on a set of auction results that are largely strong and stable!
EIG Director, David Leary is very pleased to announce that he has been invited to join the property committee for NAVA and is looking forward to the role.
Welcome to the May newsletter that looks back at auction activity in April and preceding periods. 111 property auctions were held across the UK last month, 28 fewer than in April 2016, so it is perhaps unsurprising to see falls in both lots offered and lots sold - down 9.5% and 8.6% respectively.
David Sandeman, managing director of EIG, said: "As the leading search engine for property auctions in the UK, we are delighted to team up with specialist auction finance provider Together, which uses its common sense lending philosophy to provide fast finance for people looking to buy at auction".
Welcome to the April newsletter that looks back at auction activity in March and preceding periods. Overall lots offered was down 6.5% last month, from 2,962 lots to 2,769 lots, whilst lots sold fell by 5.7%, from 2,188 lots to 2,064 lots. The total raised at auction fell by £32M to £402M, down 7.3% from £434M raised in March 2016.
No longer are auctions a ‘last resort’ route to market. In fact, they are now becoming the ‘go-to’ place to sell properties for improvement or development, various types of land, anything that’s mixed-use, blocks or rows of garages, or any property which is tenanted - both residential and commercial.
Welcome to the March newsletter that looks back at auction activity in February and preceding periods. Whilst a cursory glance at the figures show a sea of red, I should point out that in February 2016 we saw a major spike in sales due to buyers and sellers wanting to complete before the impending stamp duty changes, which subsequently came into effect on 1st April 2016.
Welcome to the February newsletter that looks back at auction activity in January and preceding periods. As is usually the case at the turn of the year, January was a very quiet month with only 408 lots offered in 15 auctions held across the UK.
EIG provide statistics for Estates Gazette to publish their Annual League Table of UK Auction Houses
For the 20th year running, Essential Information Group have compiled the residential and commercial statistics for every auction house in the UK for Estates Gazette to publish their Annual League table of results. The Auction House statistics include Lots Offered and the Total Raised which is seen in the industry as an important indicator of performance.
Essential Information Group (EIG) are proud to have supported the Network Auctions National Partner Conference 2017 providing all the IT support for the event. EIG Managing Director, David Sandeman was invited as a guest speaker to the event, speaking about where he saw the future of the auction market and the growth opportunities.
EIG and Natwest co-hosted a lunch for 15 leading Auctioneers where Natwest launched their new product. David Sandeman commented, "We are pleased to be involved with the country's biggest property lender and promoting this very positive initiative for the fast moving auction market."
Welcome to the first newsletter of 2017 which looks back at auction activity in December and preceding periods. Having reported on a challenging few months towards the latter part of last year, it is pleasing to see that the industry enjoyed an extremely positive end to proceedings and set new records in the process.
Welcome to the December newsletter that looks back at auction activity in November and preceding periods. Overall lots offered was down 7.6% last month, from 2,341 lots to 2,163 lots, whilst lots sold fell over 10% to 1,591 lots from 1,774 in November 2015. Despite the dip in sales, auctioneers saw revenues increase by 2%, from £272M to £277M.
Welcome to November's newsletter that looks back at property auction activity in October and preceding periods. 150 auctions were held across the UK last month, 12 fewer than in October 2015, so it is perhaps unsurprising to see a fall in both lots offered (down 4.1%) and lots sold (down 3.3%) when compared with last year.
Welcome to the October newsletter that looks back at auction activity in September and preceding periods. For whatever reason, the auction market continues to gently contract and this is evidenced by the red 'down' arrows that dominate the comparative figures. Lots offered and lots sold both fell by 6% and 8.5% respectively last month, whilst the overall amount raised fell by £36M (down 8.4%).
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.
Lambert Smith Hampton has sold all five of the lots on offer at its latest online auction for a total of £3.75m. EIG comments on the news ...
Welcome to the August newsletter that looks back at auction activity in July and preceding periods.
Following strong interest from two steadfast bidders the 88th bid achieved a sale price of 33% over guide. Network E utilises the online auction platform supplied by Essential Information Group. This new method of sale is a hybrid combining the best elements of private treaty and traditional auction.
House prices to fall 5pc nationwide and tumble even further in London as worried home buyers back out
House prices and transaction levels will be hit by a "short, sharp shock for a quarter", as buyers pull out of chains amid the uncertainty. EIG comments ...
A top Singapore bank said Thursday it has suspended loans to anyone wanting to buy property in London, citing uncertainty from Britain's vote to quit the EU but dealing a blow to investors looking to make the most of the weak pound. EIG comments ...
The number of homes coming under the hammer fell in June, according to research from the Essential Information Group (EIG). The downturn, said David Sandeman at EIG, may be a hangover from the strong performance of the auction market in the run-up to the EU referendum when properties were pushed through ahead of the vote.
Welcome to the July newsletter that looks back at auction activity in June and preceding periods.
Welcome to the May newsletter that looks back at auction activity in April and preceding periods.
A growing number of vendors are opting to sell homes under the hammer in order to avoid the conventional drawn out process of property buying via the private treaty, according to a leading expert.
Welcome to the April newsletter that looks back at auction activity in March and preceding periods.
The updated EIG website has been redesigned to offer members all the benefits they are used to and more, including auction industry guides, articles and news.
Auction Market sees house sales activity remain firm. “The recent changes to the stamp duty land tax payable on buy-to-let and second homes has not had the detrimental effect on the auction market that some people may have feared,” said David Sandeman (pictured), managing director, EIG.