April 2016 EIG Newsletter - Latest property auction results now available

Industry News

April 2016 EIG Newsletter - Latest property auction results now available

19 April 2016

 

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)

 

 


By Beth Fox