Essential Information Group

August 2018 Newsletter

EIG monthly Newsletter

Essential Auction News

Welcome to the August newsletter that looks back at auction activity in July and preceding periods. Whilst July is traditionally one of the busiest months in the auction calendar, there were only 132 auctions held across the UK last month - 12 fewer than last year and 36 fewer than in July 2016.

It is perhaps no surprise then to see numbers down on last year, with lots offered falling 2.8% to 3,555 lots, lots sold falling 7.1% to 2,578 lots and auction revenues down by over 10%, from £527M to £473M. It should be noted though that these falls are far less than those witnessed in June, when volumes fell by over 20% and revenues by 24%.

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

Please note the newsletter can also be viewed online.

Overall Statistics July 2018
Auctions Held in the UK 132
Total Lots Offered 3,555
Total Lots Sold 2,578
Percent Sold 72.5%
Total Realised £473,142,367

National Auction Analysis

Residential lots offered and sold fell by 4.8% and 8.2% respectively, whilst total raised dropped £18M to £309M - down 8.3%. The commercial market saw an increase in lots offered; up 5.7% to 743 lots, but sales dipped by 2.2% and revenues fell 13.5% to £164M.

Overall

N.B. Figures in brackets denote the comparative period last year

July 2018 May 2018 to July 2018 August 2017 to July 2018
Lots Offered 3,555 (3,657) 2.8% 9,211 (9,487) 2.9% 32,810 (32,764) 0.1%
Lots Sold 2,578 (2,774) 7.1% 6,758 (7,189) 6.0% 24,748 (25,035) 1.1%
Percent Sold 72.5% (75.9%) 4.5% 73.4% (75.8%) 3.2% 75.4% (76.4%) 1.3%
Total Raised £473M (£527M) 10.2% £1,220M (£1,344M) 9.2% £4,413M (£4,479M) 1.5%

Residential

N.B. Figures in brackets denote the comparative period last year

July 2018 May 2018 to July 2018 August 2017 to July 2018
Lots Offered 2,812 (2,954) 4.8% 7,510 (7,806) 3.8% 27,393 (27,163) 0.8%
Lots Sold 2,050 (2,234) 8.2% 5,495 (5,891) 6.7% 20,573 (20,619) 0.2%
Percent Sold 72.9% (75.6%) 3.6% 73.2% (75.5%) 3.0% 75.1% (75.9%) 1.1%
Total Raised £309M (£337M) 8.3% £856M (£911M) 6.0% £3,126M (£3,111M) 0.5%

Commercial

N.B. Figures in brackets denote the comparative period last year

July 2018 May 2018 to July 2018 August 2017 to July 2018
Lots Offered 743 (703) 5.7% 1,701 (1,681) 1.2% 5,417 (5,601) 3.3%
Lots Sold 528 (540) 2.2% 1,263 (1,298) 2.7% 4,175 (4,416) 5.5%
Percent Sold 71.1% (76.8%) 7.4% 74.3% (77.2%) 3.8% 77.1% (78.8%) 2.2%
Total Raised £164M (£190M) 13.5% £365M (£433M) 15.9% £1,287M (£1,369M) 6.0%

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-AngliaEast Anglia

May 2018 to July 2018 Total Residential Commercial
Lots Offered 312 (267) 16.9% 251 (200) 25.5% 61 (67) 9.0%
Lots Sold 241 (224) 7.6% 192 (163) 17.8% 49 (61) 19.7%
Percent Sold 77.2% (83.9%) 8.0% 76.5% (81.5%) 6.1% 80.3% (91.0%) 11.8%
Total Raised £41M (£44M) 7.1% £31M (£27M) 16.2% £10M (£17M) 43.7%

East-MidlandsEast Midlands

May 2018 to July 2018 Total Residential Commercial
Lots Offered 692 (742) 6.7% 588 (618) 4.9% 104 (124) 16.1%
Lots Sold 525 (575) 8.7% 446 (482) 7.5% 79 (93) 15.1%
Percent Sold 75.9% (77.5%) 2.1% 75.9% (78.0%) 2.7% 76.0% (75.0%) 1.3%
Total Raised £80M (£83M) 4.4% £59M (£54M) 8.7% £21M (£29M) 28.5%

LondonLondon

May 2018 to July 2018 Total Residential Commercial
Lots Offered 631 (837) 24.6% 567 (748) 24.2% 64 (89) 28.1%
Lots Sold 456 (597) 23.6% 399 (521) 23.4% 57 (76) 25.0%
Percent Sold 72.3% (71.3%) 1.4% 70.4% (69.7%) 1.0% 89.1% (85.4%) 4.3%
Total Raised £230M (£283M) 18.9% £186M (£216M) 13.8% £44M (£67M) 35.1%

North-EastNorth-East

May 2018 to July 2018 Total Residential Commercial
Lots Offered 788 (786) 0.3% 728 (717) 1.5% 60 (69) 13.0%
Lots Sold 570 (623) 8.5% 532 (567) 6.2% 38 (56) 32.1%
Percent Sold 72.3% (79.3%) 8.8% 73.1% (79.1%) 7.6% 63.3% (81.2%) 22.0%
Total Raised £45M (£54M) 16.8% £36M (£41M) 11.0% £9M (£14M) 34.0%

North-WestNorth-West

May 2018 to July 2018 Total Residential Commercial
Lots Offered 1,400 (1,453) 3.6% 1,108 (1,201) 7.7% 292 (252) 15.9%
Lots Sold 1,030 (1,116) 7.7% 808 (932) 13.3% 222 (184) 20.7%
Percent Sold 73.6% (76.8%) 4.2% 72.9% (77.6%) 6.1% 76.0% (73.0%) 4.1%
Total Raised £119M (£133M) 10.5% £80M (£87M) 8.2% £40M (£47M) 14.7%

North-West-Home-CountiesNorth-West Home Counties

May 2018 to July 2018 Total Residential Commercial
Lots Offered 425 (459) 7.4% 328 (349) 6.0% 97 (110) 11.8%
Lots Sold 305 (362) 15.7% 236 (275) 14.2% 69 (87) 20.7%
Percent Sold 71.8% (78.9%) 9.0% 72.0% (78.8%) 8.6% 71.1% (79.1%) 10.1%
Total Raised £89M (£123M) 27.9% £53M (£70M) 23.9% £36M (£54M) 33.1%

Northern-IrelandNorthern Ireland

May 2018 to July 2018 Total Residential Commercial
Lots Offered 195 (233) 16.3% 181 (192) 5.7% 14 (41) 65.9%
Lots Sold 78 (119) 34.5% 74 (92) 19.6% 4 (27) 85.2%
Percent Sold 40.0% (51.1%) 21.7% 40.9% (47.9%) 14.6% 28.6% (65.9%) 56.6%
Total Raised £7M (£15M) 56.0% £6M (£10M) 36.4% £1M (£6M) 89.1%

ScotlandScotland

May 2018 to July 2018 Total Residential Commercial
Lots Offered 246 (234) 5.1% 172 (160) 7.5% 74 (74) 0.0%
Lots Sold 153 (146) 4.8% 106 (90) 17.8% 47 (56) 16.1%
Percent Sold 62.2% (62.4%) 0.3% 61.6% (56.3%) 9.4% 63.5% (75.7%) 16.1%
Total Raised £17M (£18M) 2.6% £6M (£5M) 25.5% £11M (£13M) 13.5%

South-East-Home-CountiesSouth-East Home Counties

May 2018 to July 2018 Total Residential Commercial
Lots Offered 1,342 (1,255) 6.9% 1,100 (1,007) 9.2% 242 (248) 2.4%
Lots Sold 972 (979) 0.7% 794 (772) 2.8% 178 (207) 14.0%
Percent Sold 72.4% (78.0%) 7.2% 72.2% (76.7%) 5.9% 73.6% (83.5%) 11.9%
Total Raised £243M (£236M) 3.2% £167M (£164M) 1.6% £77M (£72M) 6.8%

South-WestSouth-West

May 2018 to July 2018 Total Residential Commercial
Lots Offered 685 (597) 14.7% 463 (422) 9.7% 222 (175) 26.9%
Lots Sold 517 (445) 16.2% 348 (302) 15.2% 169 (143) 18.2%
Percent Sold 75.5% (74.5%) 1.3% 75.2% (71.6%) 5.0% 76.1% (81.7%) 6.9%
Total Raised £104M (£98M) 6.7% £66M (£59M) 12.1% £38M (£39M) 1.6%

WalesWales

May 2018 to July 2018 Total Residential Commercial
Lots Offered 628 (595) 5.5% 475 (463) 2.6% 153 (132) 15.9%
Lots Sold 464 (433) 7.2% 347 (347) 0.0% 117 (86) 36.0%
Percent Sold 73.9% (72.8%) 1.5% 73.1% (74.9%) 2.4% 76.5% (65.2%) 17.3%
Total Raised £49M (£47M) 4.3% £31M (£31M) 0.5% £18M (£16M) 13.4%

West-MidlandsWest Midlands

May 2018 to July 2018 Total Residential Commercial
Lots Offered 1,016 (1,096) 7.3% 832 (925) 10.1% 184 (171) 7.6%
Lots Sold 789 (850) 7.2% 655 (722) 9.3% 134 (128) 4.7%
Percent Sold 77.7% (77.6%) 0.1% 78.7% (78.1%) 0.8% 72.8% (74.9%) 2.8%
Total Raised £117M (£116M) 0.8% £81M (£87M) 7.1% £36M (£29M) 24.5%

Yorkshire-and-The-HumberYorkshire and The Humber

May 2018 to July 2018 Total Residential Commercial
Lots Offered 851 (933) 8.8% 717 (804) 10.8% 134 (129) 3.9%
Lots Sold 658 (720) 8.6% 558 (626) 10.9% 100 (94) 6.4%
Percent Sold 77.3% (77.2%) 0.1% 77.8% (77.9%) 0.1% 74.6% (72.9%) 2.3%
Total Raised £79M (£92M) 15.0% £54M (£61M) 11.7% £25M (£31M) 21.5%

Your Comments

If you would like to comment on anything in this email, or have any suggestions for future newsletters, we would like to hear from you. So please email us anytime.

A word from the editor

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

Kind regards

David Sandeman
davids@eigroup.co.uk

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