Auction Data for April 2016


Essential Auction News

David Sandeman, Managing Director Welcome to the May newsletter that looks back at auction activity in April and preceding periods. 139 property auctions were held across the UK in April, with 2,462 lots going under the hammer - down 8.1% on last year. Lots sold fell by a similar amount, from 1,965 to 1,802 lots, whilst the amount raised was comparable at £242.2M. The rolling quarterly figures show growth of 5% in lots offered and lot sold, and a huge 23% gain in the amount raised compared with the same period last year - over £250m in real terms.

Following the stamp duty changes that came into effect early last month, many market commentators expected the private treaty market to decline quite sharply in April. However the residential auction figures below show that it was very much business as usual in the auction market - more on this below.

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

Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk
01737 232 289

National Auction Analysis

As mentioned above, 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. There were marginal falls in the number of residential lots offered (-1.8%) and lots sold (-1.4%), whilst residential auction receipts totalled £213.3M - up 3.1% on April 2015. The rolling quarterly figures show double-digit rises in lots offered, lots sold and amount raised, a consequence of the unprecedented auction results that we have witnessed in the first few months of this year.

In the commercial market lots offered was down 35% to 333 lots from 511 in April 2015, and lots sold was down 38% from 372 to 231 lots. Given that 141 fewer lots sold it is not surprising to see a drop in commercial receipts - down 18.6% to £28.9M, but whilst these numbers are down it should be noted that none of the major London commercial auction houses held an auction in April so the drop is entirely due to variations in the stock offered by regional auctioneers.

Total

Last Month Last Quarter Last Year
April 2016 April 2015 Increase February 2016 - April 2016 February 2015 - April 2015 Increase May 2015 - April 2016 May 2014 - April 2015 Increase
Lots Offered 2,462 2,680 -8.1% 9,874 9,368 5.4% 33,721 34,682 -2.8%
Lots Sold 1,802 1,965 -8.3% 7,510 7,136 5.2% 26,061 26,308 -0.9%
Percent Sold 73.2% 73.3% -0.1% 76.1% 76.2% -0.1% 77.3% 75.9% 1.8%
Total Raised £242,250,132 £242,438,823 -0.1% £1,359,928,710 £1,107,685,381 22.8% £4,689,494,551 £4,277,889,939 9.6%

Residential

Last Month Last Quarter Last Year
April 2016 April 2015 Increase February 2016 - April 2016 February 2015 - April 2015 Increase May 2015 - April 2016 May 2014 - April 2015 Increase
Lots Offered 2,129 2,169 -1.8% 8,345 7,397 12.8% 27,817 28,080 -0.9%
Lots Sold 1,571 1,593 -1.4% 6,330 5,599 13.1% 21,407 21,212 0.9%
Percent Sold 73.8% 73.4% 0.5% 75.9% 75.7% 0.3% 77% 75.5% 2.0%
Total Raised £213,306,327 £206,870,373 3.1% £978,708,755 £800,689,988 22.2% £3,327,987,339 £3,005,504,515 10.7%

Commercial

Last Month Last Quarter Last Year
April 2016 April 2015 Increase February 2016 - April 2016 February 2015 - April 2015 Increase May 2015 - April 2016 May 2014 - April 2015 Increase
Lots Offered 333 511 -34.8% 1,529 1,971 -22.4% 5,904 6,602 -10.6%
Lots Sold 231 372 -37.9% 1,180 1,537 -23.2% 4,654 5,096 -8.7%
Percent Sold 69.4% 72.8% -4.7% 77.2% 78% -1.0% 78.8% 77.2% 2.1%
Total Raised £28,943,805 £35,568,450 -18.6% £381,219,955 £306,995,393 24.2% £1,361,507,212 £1,272,385,424 7.0%


Regional Auction Analysis

As is usually the case, variations across all the measurable parameters can be seen across the regions.

East Anglia

Total
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 266 292 -8.9%
Lots Sold 198 227 -12.8%
Percent Sold 74.4% 77.7% -4.2%
Total Raised £31,286,750 £30,640,550 2.1%


Residential
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 199 208 -4.3%
Lots Sold 150 163 -8.0%
Percent Sold 75.4% 78.4% -3.8%
Total Raised £20,957,300 £20,052,050 4.5%


Commercial
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 67 84 -20.2%
Lots Sold 48 64 -25.0%
Percent Sold 71.6% 76.2% -6.0%
Total Raised £10,329,450 £10,588,500 -2.4%


East Midlands

Total
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 788 771 2.2%
Lots Sold 595 604 -1.5%
Percent Sold 75.5% 78.3% -3.6%
Total Raised £85,758,470 £68,678,001 24.9%


Residential
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 674 595 13.3%
Lots Sold 508 461 10.2%
Percent Sold 75.4% 77.5% -2.7%
Total Raised £58,229,070 £47,513,601 22.6%


Commercial
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 114 176 -35.2%
Lots Sold 87 143 -39.2%
Percent Sold 76.3% 81.3% -6.2%
Total Raised £27,529,400 £21,164,400 30.1%


London

Total
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 871 774 12.5%
Lots Sold 716 640 11.9%
Percent Sold 82.2% 82.7% -0.6%
Total Raised £321,164,500 £265,077,050 21.2%


Residential
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 808 713 13.3%
Lots Sold 657 587 11.9%
Percent Sold 81.3% 82.3% -1.2%
Total Raised £280,163,500 £232,783,450 20.4%


Commercial
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 63 61 3.3%
Lots Sold 59 53 11.3%
Percent Sold 93.7% 86.9% 7.8%
Total Raised £41,001,000 £32,293,600 27.0%


North-East

Total
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 934 837 11.6%
Lots Sold 674 617 9.2%
Percent Sold 72.2% 73.7% -2.0%
Total Raised £56,717,690 £51,396,931 10.4%


Residential
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 863 745 15.8%
Lots Sold 629 552 13.9%
Percent Sold 72.9% 74.1% -1.6%
Total Raised £45,448,940 £42,724,181 6.4%


Commercial
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 71 92 -22.8%
Lots Sold 45 65 -30.8%
Percent Sold 63.4% 70.7% -10.3%
Total Raised £11,268,750 £8,672,750 29.9%


North-West

Total
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 1,741 1,586 9.8%
Lots Sold 1,280 1,129 13.4%
Percent Sold 73.5% 71.2% 3.2%
Total Raised £117,629,991 £101,365,547 16.0%


Residential
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 1,448 1,218 18.9%
Lots Sold 1,056 870 21.4%
Percent Sold 72.9% 71.4% 2.1%
Total Raised £84,038,606 £66,485,243 26.4%


Commercial
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 293 368 -20.4%
Lots Sold 224 259 -13.5%
Percent Sold 76.5% 70.4% 8.7%
Total Raised £33,591,385 £34,880,304 -3.7%


North-West Home Counties

Total
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 375 324 15.7%
Lots Sold 319 259 23.2%
Percent Sold 85.1% 79.9% 6.5%
Total Raised £120,740,200 £79,885,050 51.1%


Residential
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 299 232 28.9%
Lots Sold 250 187 33.7%
Percent Sold 83.6% 80.6% 3.7%
Total Raised £69,911,700 £48,628,750 43.8%


Commercial
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 76 92 -17.4%
Lots Sold 69 72 -4.2%
Percent Sold 90.8% 78.3% 16.0%
Total Raised £50,828,500 £31,256,300 62.6%


Northern Ireland

Total
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 276 290 -4.8%
Lots Sold 159 177 -10.2%
Percent Sold 57.6% 61% -5.6%
Total Raised £13,638,501 £12,823,775 6.4%


Residential
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 233 242 -3.7%
Lots Sold 135 140 -3.6%
Percent Sold 57.9% 57.9% 0.0%
Total Raised £10,809,001 £9,559,275 13.1%


Commercial
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 43 48 -10.4%
Lots Sold 24 37 -35.1%
Percent Sold 55.8% 77.1% -27.6%
Total Raised £2,829,500 £3,264,500 -13.3%


Scotland

Total
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 194 267 -27.3%
Lots Sold 123 140 -12.1%
Percent Sold 63.4% 52.4% 21.0%
Total Raised £10,430,950 £13,968,650 -25.3%


Residential
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 148 196 -24.5%
Lots Sold 92 93 -1.1%
Percent Sold 62.2% 47.4% 31.2%
Total Raised £4,575,850 £4,834,150 -5.3%


Commercial
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 46 71 -35.2%
Lots Sold 31 47 -34.0%
Percent Sold 67.4% 66.2% 1.8%
Total Raised £5,855,100 £9,134,500 -35.9%


South-East Home Counties

Total
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 1,202 1,088 10.5%
Lots Sold 987 888 11.1%
Percent Sold 82.1% 81.6% 0.6%
Total Raised £256,828,431 £189,479,600 35.5%


Residential
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 997 846 17.8%
Lots Sold 816 695 17.4%
Percent Sold 81.8% 82.2% -0.5%
Total Raised £173,608,821 £134,815,100 28.8%


Commercial
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 205 242 -15.3%
Lots Sold 171 193 -11.4%
Percent Sold 83.4% 79.8% 4.5%
Total Raised £83,219,610 £54,664,500 52.2%


South-West

Total
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 685 655 4.6%
Lots Sold 519 508 2.2%
Percent Sold 75.8% 77.6% -2.3%
Total Raised £106,699,280 £81,720,372 30.6%


Residential
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 545 481 13.3%
Lots Sold 410 360 13.9%
Percent Sold 75.2% 74.8% 0.5%
Total Raised £76,691,770 £60,219,622 27.4%


Commercial
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 140 174 -19.5%
Lots Sold 109 148 -26.4%
Percent Sold 77.9% 85.1% -8.5%
Total Raised £30,007,510 £21,500,750 39.6%


Wales

Total
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 596 653 -8.7%
Lots Sold 442 496 -10.9%
Percent Sold 74.2% 76% -2.4%
Total Raised £37,587,738 £43,930,250 -14.4%


Residential
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 476 473 0.6%
Lots Sold 358 360 -0.6%
Percent Sold 75.2% 76.1% -1.2%
Total Raised £27,205,088 £26,372,000 3.2%


Commercial
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 120 180 -33.3%
Lots Sold 84 136 -38.2%
Percent Sold 70% 75.6% -7.4%
Total Raised £10,382,650 £17,558,250 -40.9%


West Midlands

Total
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 938 1,020 -8.0%
Lots Sold 739 822 -10.1%
Percent Sold 78.8% 80.6% -2.2%
Total Raised £113,927,700 £110,511,439 3.1%


Residential
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 766 810 -5.4%
Lots Sold 597 650 -8.2%
Percent Sold 77.9% 80.2% -2.9%
Total Raised £66,560,600 £67,821,550 -1.9%


Commercial
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 172 210 -18.1%
Lots Sold 142 172 -17.4%
Percent Sold 82.6% 81.9% 0.9%
Total Raised £47,367,100 £42,689,889 11.0%


Yorkshire and The Humber

Total
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 1,008 811 24.3%
Lots Sold 759 629 20.7%
Percent Sold 75.3% 77.6% -3.0%
Total Raised £87,518,509 £58,208,166 50.4%


Residential
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 889 638 39.3%
Lots Sold 672 481 39.7%
Percent Sold 75.6% 75.4% 0.3%
Total Raised £60,508,509 £38,881,016 55.6%


Commercial
February 2016 - April 2016 February 2015 - April 2015 Increase
Lots Offered 119 173 -31.2%
Lots Sold 87 148 -41.2%
Percent Sold 73.1% 85.5% -14.5%
Total Raised £27,010,000 £19,327,150 39.8%


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