Industry News

April 2016 EIG Newsletter - Latest property auction results now available

Publish Date: 19 April 2016

By Beth Fox

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April 2016 EIG Newsletter - Latest property auction results now available

Further reading

New website launched! A fresh look for Essential Information Group (EIG)

Property Investor Today - Property auctions to become the norm

Welcome to the April newsletter that looks back at auction activity in March and preceding periods.

Following last month's newsletter in which I reported on an unprecedented buying surge resulting in 25-year old records being broken, this month's figures show more modest gains as the market returned to normality.

Overall lots offered was up 5.8%, from 2,800 lots to 2,962 lots, whilst lots sold rose 4.4% to 2,188 lots (from 2,096 in March 2015).

Figures for Q1 show double-digit gains of 10% for both lots offered and sold, whilst the total amount raised broke through the £1bn mark for the first time in 9 years - up over 28% to £1.145bn.

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

David Sandeman

Managing Director

davids@eigroup.co.uk     (01737) 232 289

 

The April edition of the EIG newsletter is now available on our website where you can also view prior issues.

If you would like to receive a copy of the newsletter as soon as it is available then please sign up to our mailing list service.

(Source - April 2016 Newsletter Edition)