Essential Information Group

December 2018 Newsletter

EIG monthly Newsletter

Essential Auction News

Welcome to the December newsletter that looks back at auction activity in November and preceding periods. As 2018 draws to a close it is a familiar story below, with every one of the 36 measurable metrics down on their comparative period last year. 1,654 lots were offered and 1,146 lots were sold last month, down 12% and 14% respectively, whilst total auction revenues shrunk by 17%, from £196.4M to £162.7M.

May I take this opportunity to wish you all a peaceful holiday and a prosperous new year. As always I appreciate any feedback or suggestions you might have on our services and newsletters.

Please note the newsletter can also be viewed online.

Overall Statistics November 2018
Auctions Held in the UK 83
Total Lots Offered 1,654
Total Lots Sold 1,146
Percent Sold 69.3%
Total Realised £162,662,448

National Auction Analysis

As can be seen below, double-digit falls are prevalent across both sectors of the industry. Residential lots offered was down 11% last month, to 1,476 lots, whilst revenues dropped 16% to £147.1M. Commercial lots offered fell by almost 18% to 178 lots, with revenues decreasing by over 27% to £15.5M.

The rolling yearly figures highlight the market's struggles over the past year. There were almost 1,300 fewer residential sales in the last 12 months when compared with the previous year (down 6.2%), whilst commercial sales dropped by over 450 lots in the same period (down 10.3%).

Overall

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

November 2018 September 2018 to November 2018 December 2017 to November 2018
Lots Offered 1,654 (1,874) 11.7% 8,525 (9,389) 9.2% 31,704 (32,915) 3.7%
Lots Sold 1,146 (1,336) 14.2% 6,104 (6,993) 12.7% 23,448 (25,180) 6.9%
Percent Sold 69.3% (71.3%) 2.8% 71.6% (74.5%) 3.9% 74.0% (76.5%) 3.3%
Total Raised £162.7M (£196.4M) 17.2% £1,031.3M (£1,239.9M) 16.8% £4,129.4M (£4,542.4M) 9.1%

Residential

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

November 2018 September 2018 to November 2018 December 2017 to November 2018
Lots Offered 1,476 (1,658) 11.0% 7,156 (7,871) 9.1% 26,458 (27,357) 3.3%
Lots Sold 1,025 (1,169) 12.3% 5,121 (5,815) 11.9% 19,505 (20,786) 6.2%
Percent Sold 69.4% (70.5%) 1.6% 71.6% (73.9%) 3.1% 73.7% (76.0%) 3.0%
Total Raised £147.1M (£175.0M) 15.9% £768.7M (£885.1M) 13.2% £2,969.5M (£3,143.0M) 5.5%

Commercial

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

November 2018 September 2018 to November 2018 December 2017 to November 2018
Lots Offered 178 (216) 17.6% 1,369 (1,518) 9.8% 5,246 (5,558) 5.6%
Lots Sold 121 (167) 27.5% 983 (1,178) 16.6% 3,943 (4,394) 10.3%
Percent Sold 68.0% (77.3%) 12.0% 71.8% (77.6%) 7.5% 75.2% (79.1%) 4.9%
Total Raised £15.5M (£21.4M) 27.5% £262.6M (£354.9M) 26.0% £1,159.9M (£1,399.4M) 17.1%

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

September 2018 to November 2018 Total Residential Commercial
Lots Offered 267 (269) 0.7% 217 (201) 8.0% 50 (68) 26.5%
Lots Sold 195 (198) 1.5% 152 (141) 7.8% 43 (57) 24.6%
Percent Sold 73.0% (73.6%) 0.8% 70.0% (70.1%) 0.1% 86.0% (83.8%) 2.6%
Total Raised £32.0M (£46.7M) 31.4% £22.9M (£21.9M) 4.8% £9.1M (£24.8M) 63.4%

East-MidlandsEast Midlands

September 2018 to November 2018 Total Residential Commercial
Lots Offered 664 (713) 6.9% 552 (608) 9.2% 112 (105) 6.7%
Lots Sold 471 (549) 14.2% 402 (468) 14.1% 69 (81) 14.8%
Percent Sold 70.9% (77.0%) 7.9% 72.8% (77.0%) 5.5% 61.6% (77.1%) 20.1%
Total Raised £71.0M (£83.5M) 15.0% £53.5M (£59.3M) 9.9% £17.5M (£24.1M) 27.5%

LondonLondon

September 2018 to November 2018 Total Residential Commercial
Lots Offered 510 (738) 30.9% 469 (672) 30.2% 41 (66) 37.9%
Lots Sold 356 (504) 29.4% 328 (454) 27.8% 28 (50) 44.0%
Percent Sold 69.8% (68.3%) 2.2% 69.9% (67.6%) 3.4% 68.3% (75.8%) 9.9%
Total Raised £168.1M (£232.7M) 27.8% £152.0M (£200.2M) 24.1% £16.1M (£32.5M) 50.4%

North-EastNorth-East

September 2018 to November 2018 Total Residential Commercial
Lots Offered 784 (745) 5.2% 718 (694) 3.5% 66 (51) 29.4%
Lots Sold 538 (538) 0.0% 495 (506) 2.2% 43 (32) 34.4%
Percent Sold 68.6% (72.2%) 5.0% 68.9% (72.9%) 5.5% 65.2% (62.7%) 4.0%
Total Raised £45.9M (£36.2M) 26.8% £34.2M (£31.5M) 8.7% £11.7M (£4.8M) 146.4%

North-WestNorth-West

September 2018 to November 2018 Total Residential Commercial
Lots Offered 1,364 (1,464) 6.8% 1,127 (1,257) 10.3% 237 (207) 14.5%
Lots Sold 972 (1,069) 9.1% 809 (915) 11.6% 163 (154) 5.8%
Percent Sold 71.3% (73.0%) 2.3% 71.8% (72.8%) 1.4% 68.8% (74.4%) 7.5%
Total Raised £100.9M (£99.1M) 1.8% £71.7M (£70.8M) 1.3% £29.2M (£28.4M) 3.0%

North-West-Home-CountiesNorth-West Home Counties

September 2018 to November 2018 Total Residential Commercial
Lots Offered 356 (391) 9.0% 303 (304) 0.3% 53 (87) 39.1%
Lots Sold 250 (287) 12.9% 211 (219) 3.7% 39 (68) 42.6%
Percent Sold 70.2% (73.4%) 4.4% 69.6% (72.0%) 3.3% 73.6% (78.2%) 5.9%
Total Raised £71.2M (£124.9M) 42.9% £48.6M (£77.0M) 36.8% £22.6M (£47.9M) 52.8%

Northern-IrelandNorthern Ireland

September 2018 to November 2018 Total Residential Commercial
Lots Offered 71 (239) 70.3% 65 (198) 67.2% 6 (41) 85.4%
Lots Sold 29 (147) 80.3% 29 (117) 75.2% 0 (30) 100.0%
Percent Sold 40.8% (61.5%) 33.7% 44.6% (59.1%) 24.5% 0.0% (73.2%) 100.0%
Total Raised £2.0M (£12.6M) 83.8% £2.0M (£9.9M) 79.4% £0.0M (£2.7M) 100.0%

ScotlandScotland

September 2018 to November 2018 Total Residential Commercial
Lots Offered 265 (290) 8.6% 199 (213) 6.6% 66 (77) 14.3%
Lots Sold 193 (177) 9.0% 136 (118) 15.3% 57 (59) 3.4%
Percent Sold 72.8% (61.0%) 19.3% 68.3% (55.4%) 23.3% 86.4% (76.6%) 12.8%
Total Raised £17.9M (£19.1M) 6.5% £8.3M (£6.5M) 29.0% £9.5M (£12.7M) 24.7%

South-East-Home-CountiesSouth-East Home Counties

September 2018 to November 2018 Total Residential Commercial
Lots Offered 1,063 (1,204) 11.7% 884 (1,007) 12.2% 179 (197) 9.1%
Lots Sold 735 (904) 18.7% 608 (745) 18.4% 127 (159) 20.1%
Percent Sold 69.1% (75.1%) 8.0% 68.8% (74.0%) 7.0% 70.9% (80.7%) 12.1%
Total Raised £173.9M (£204.9M) 15.1% £127.1M (£143.8M) 11.6% £46.8M (£61.1M) 23.4%

South-WestSouth-West

September 2018 to November 2018 Total Residential Commercial
Lots Offered 669 (706) 5.2% 478 (486) 1.6% 191 (220) 13.2%
Lots Sold 491 (551) 10.9% 343 (375) 8.5% 148 (176) 15.9%
Percent Sold 73.4% (78.0%) 5.9% 71.8% (77.2%) 7.0% 77.5% (80.0%) 3.1%
Total Raised £108.0M (£109.1M) 1.0% £71.3M (£78.3M) 8.9% £36.7M (£30.8M) 19.1%

WalesWales

September 2018 to November 2018 Total Residential Commercial
Lots Offered 579 (557) 3.9% 471 (449) 4.9% 108 (108) 0.0%
Lots Sold 407 (408) 0.2% 338 (333) 1.5% 69 (75) 8.0%
Percent Sold 70.3% (73.2%) 4.0% 71.8% (74.2%) 3.2% 63.9% (69.4%) 7.9%
Total Raised £42.4M (£40.3M) 5.1% £30.5M (£28.0M) 8.6% £11.9M (£12.3M) 2.8%

West-MidlandsWest Midlands

September 2018 to November 2018 Total Residential Commercial
Lots Offered 1,198 (1,103) 8.6% 1,050 (948) 10.8% 148 (155) 4.5%
Lots Sold 885 (891) 0.7% 775 (761) 1.8% 110 (130) 15.4%
Percent Sold 73.9% (80.8%) 8.5% 73.8% (80.3%) 8.1% 74.3% (83.9%) 11.4%
Total Raised £136.9M (£141.4M) 3.2% £100.5M (£98.8M) 1.7% £36.4M (£42.6M) 14.6%

Yorkshire-and-The-HumberYorkshire and The Humber

September 2018 to November 2018 Total Residential Commercial
Lots Offered 735 (970) 24.2% 623 (834) 25.3% 112 (136) 17.6%
Lots Sold 582 (770) 24.4% 495 (663) 25.3% 87 (107) 18.7%
Percent Sold 79.2% (79.4%) 0.3% 79.5% (79.5%) 0.0% 77.7% (78.7%) 1.3%
Total Raised £60.9M (£89.3M) 31.7% £45.9M (£59.2M) 22.3% £15.0M (£30.1M) 50.2%

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

Copyright © 2018 Essential Information Group