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EIG News May 2018

Essential Information Group

May 2018 Newsletter

EIG monthly Newsletter

 

Essential Auction News

Welcome to the May newsletter that looks back at auction activity in April and preceding periods. After an encouraging start to 2018, it appears that the market has just cooled slightly, as the monthly figures below show falls across every measurable metric.

Lots offered and lots sold were both down by 12% and 17% respectively, whilst the total raised fell £23M to £192M (-11%). Whether it's just seasonal variance, or increasing hesitation amongst buyers due to speculation around interest rate rises or the wider economic climate, one hopes that the falls are just an anomaly and do not become a trend.

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

Please note the newsletter can also be viewed online.

Overall Statistics April 2018

Auctions Held in the UK

109

Total Lots Offered

1,951

Total Lots Sold

1,373

Percent Sold

70.4%

Total Realised

£191,569,177

National Auction Analysis

Notwithstanding the double-digit falls seen last month, the residential market has enjoyed relatively steady growth over the last 6-12 months, as illustrated by the 3% gains shown in lots offered, lots sold and amount raised in the rolling yearly figures.

In contrast, the commercial market has seen volumes reduce over the last 12 months; lots offered has decreased by 8% to 5,413 lots and lots sold by 9% to 4,207 lots. April's results continued that trend, although it should be noted that the sharp falls can be wholly attributed to variations seen in the catalogues of residential, regional auction houses, as none of the major commercial auctioneers held an auction last month.

Overall

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


April 2018

February 2018 to April 2018

May 2017 to April 2018

Lots Offered

1,951 (2,227)

12.4%

9,099 (8,965)

1.5%

33,216 (32,965)

0.8%

Lots Sold

1,373 (1,647)

16.6%

6,786 (6,839)

0.8%

25,224 (24,975)

1.0%

Percent Sold

70.4% (74.0%)

4.9%

74.6% (76.3%)

2.2%

75.9% (75.8%)

0.1%

Total Raised

£192M (£215M)

10.8%

£1,183M (£1,219M)

3.0%

£4,535M (£4,458M)

1.7%


Residential

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


April 2018

February 2018 to April 2018

May 2017 to April 2018

Lots Offered

1,705 (1,901)

10.3%

7,645 (7,419)

3.0%

27,803 (27,093)

2.6%

Lots Sold

1,202 (1,417)

15.2%

5,693 (5,620)

1.3%

21,017 (20,349)

3.3%

Percent Sold

70.5% (74.5%)

5.4%

74.5% (75.8%)

1.7%

75.6% (75.1%)

0.7%

Total Raised

£167M (£190M)

11.9%

£900M (£878M)

2.5%

£3,192M (£3,098M)

3.0%


Commercial

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


April 2018

February 2018 to April 2018

May 2017 to April 2018

Lots Offered

246 (326)

24.5%

1,454 (1,546)

6.0%

5,413 (5,872)

7.8%

Lots Sold

171 (230)

25.7%

1,093 (1,219)

10.3%

4,207 (4,626)

9.1%

Percent Sold

69.5% (70.6%)

1.6%

75.2% (78.8%)

4.6%

77.7% (78.8%)

1.4%

Total Raised

£24M (£25M)

2.5%

£282M (£341M)

17.1%

£1,343M (£1,359M)

1.2%


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

February 2018 to April 2018

Total

Residential

Commercial

Lots Offered

321 (277)

15.9%

263 (216)

21.8%

58 (61)

4.9%

Lots Sold

242 (229)

5.7%

196 (178)

10.1%

46 (51)

9.8%

Percent Sold

75.4% (82.7%)

8.8%

74.5% (82.4%)

9.6%

79.3% (83.6%)

5.1%

Total Raised

£40M (£39M)

1.7%

£29M (£27M)

6.8%

£11M (£13M)

9.3%


East-MidlandsEast Midlands

February 2018 to April 2018

Total

Residential

Commercial

Lots Offered

657 (698)

5.9%

561 (602)

6.8%

96 (96)

0.0%

Lots Sold

500 (553)

9.6%

428 (481)

11.0%

72 (72)

0.0%

Percent Sold

76.1% (79.2%)

3.9%

76.3% (79.9%)

4.5%

75.0% (75.0%)

0.0%

Total Raised

£74M (£80M)

8.4%

£53M (£55M)

4.1%

£21M (£25M)

17.8%


LondonLondon

February 2018 to April 2018

Total

Residential

Commercial

Lots Offered

762 (778)

2.1%

697 (705)

1.1%

65 (73)

11.0%

Lots Sold

551 (585)

5.8%

504 (524)

3.8%

47 (61)

23.0%

Percent Sold

72.3% (75.2%)

3.9%

72.3% (74.3%)

2.7%

72.3% (83.6%)

13.5%

Total Raised

£259M (£269M)

3.9%

£221M (£237M)

6.9%

£38M (£32M)

18.2%


North-EastNorth-East

February 2018 to April 2018

Total

Residential

Commercial

Lots Offered

693 (832)

16.7%

646 (774)

16.5%

47 (58)

19.0%

Lots Sold

515 (626)

17.7%

482 (586)

17.7%

33 (40)

17.5%

Percent Sold

74.3% (75.2%)

1.2%

74.6% (75.7%)

1.5%

70.2% (69.0%)

1.7%

Total Raised

£36M (£48M)

24.1%

£32M (£39M)

18.4%

£4M (£9M)

50.2%


North-WestNorth-West

February 2018 to April 2018

Total

Residential

Commercial

Lots Offered

1,594 (1,533)

4.0%

1,307 (1,253)

4.3%

287 (280)

2.5%

Lots Sold

1,172 (1,152)

1.7%

965 (941)

2.6%

207 (211)

1.9%

Percent Sold

73.5% (75.1%)

2.1%

73.8% (75.1%)

1.7%

72.1% (75.4%)

4.4%

Total Raised

£117M (£121M)

2.9%

£84M (£78M)

7.6%

£33M (£43M)

22.0%


North-West-Home-CountiesNorth-West Home Counties

February 2018 to April 2018

Total

Residential

Commercial

Lots Offered

455 (388)

17.3%

386 (322)

19.9%

69 (66)

4.5%

Lots Sold

320 (307)

4.2%

271 (250)

8.4%

49 (57)

14.0%

Percent Sold

70.3% (79.1%)

11.1%

70.2% (77.6%)

9.5%

71.0% (86.4%)

17.8%

Total Raised

£108M (£102M)

5.2%

£84M (£68M)

23.6%

£24M (£35M)

30.6%


Northern-IrelandNorthern Ireland

February 2018 to April 2018

Total

Residential

Commercial

Lots Offered

255 (230)

10.9%

219 (193)

13.5%

36 (37)

2.7%

Lots Sold

127 (118)

7.6%

106 (93)

14.0%

21 (25)

16.0%

Percent Sold

49.8% (51.3%)

2.9%

48.4% (48.2%)

0.4%

58.3% (67.6%)

13.8%

Total Raised

£13M (£9M)

38.6%

£11M (£7M)

47.8%

£2M (£2M)

9.8%


ScotlandScotland

February 2018 to April 2018

Total

Residential

Commercial

Lots Offered

227 (284)

20.1%

157 (186)

15.6%

70 (98)

28.6%

Lots Sold

146 (194)

24.7%

94 (107)

12.1%

52 (87)

40.2%

Percent Sold

64.3% (68.3%)

5.9%

59.9% (57.5%)

4.2%

74.3% (88.8%)

16.3%

Total Raised

£19M (£27M)

32.4%

£7M (£6M)

8.1%

£12M (£21M)

44.4%


South-East-Home-CountiesSouth-East Home Counties

February 2018 to April 2018

Total

Residential

Commercial

Lots Offered

1,139 (988)

15.3%

951 (824)

15.4%

188 (164)

14.6%

Lots Sold

861 (789)

9.1%

715 (656)

9.0%

146 (133)

9.8%

Percent Sold

75.6% (79.9%)

5.4%

75.2% (79.6%)

5.5%

77.7% (81.1%)

4.2%

Total Raised

£202M (£210M)

3.8%

£149M (£149M)

0.2%

£52M (£61M)

13.6%


South-WestSouth-West

February 2018 to April 2018

Total

Residential

Commercial

Lots Offered

609 (588)

3.6%

437 (421)

3.8%

172 (167)

3.0%

Lots Sold

497 (448)

10.9%

345 (317)

8.8%

152 (131)

16.0%

Percent Sold

81.6% (76.2%)

7.1%

78.9% (75.3%)

4.8%

88.4% (78.4%)

12.8%

Total Raised

£91M (£100M)

9.2%

£67M (£65M)

2.3%

£24M (£35M)

30.8%


WalesWales

February 2018 to April 2018

Total

Residential

Commercial

Lots Offered

530 (620)

14.5%

420 (494)

15.0%

110 (126)

12.7%

Lots Sold

384 (460)

16.5%

312 (366)

14.8%

72 (94)

23.4%

Percent Sold

72.5% (74.2%)

2.3%

74.3% (74.1%)

0.3%

65.5% (74.6%)

12.2%

Total Raised

£36M (£37M)

3.7%

£26M (£27M)

2.2%

£9M (£10M)

7.6%


West-MidlandsWest Midlands

February 2018 to April 2018

Total

Residential

Commercial

Lots Offered

1,088 (905)

20.2%

959 (744)

28.9%

129 (161)

19.9%

Lots Sold

857 (705)

21.6%

757 (576)

31.4%

100 (129)

22.5%

Percent Sold

78.8% (77.9%)

1.2%

78.9% (77.4%)

1.9%

77.5% (80.1%)

3.2%

Total Raised

£124M (£105M)

18.4%

£94M (£70M)

33.9%

£31M (£35M)

12.6%


Yorkshire-and-The-HumberYorkshire and The Humber

February 2018 to April 2018

Total

Residential

Commercial

Lots Offered

769 (844)

8.9%

642 (685)

6.3%

127 (159)

20.1%

Lots Sold

614 (673)

8.8%

518 (545)

5.0%

96 (128)

25.0%

Percent Sold

79.8% (79.7%)

0.1%

80.7% (79.6%)

1.4%

75.6% (80.5%)

6.1%

Total Raised

£65M (£70M)

7.6%

£45M (£50M)

9.2%

£20M (£20M)

3.9%


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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