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Welcome to to our twelfth and final news letter for the year. November was another busy month and with only one more month to report on, 2006 is going to be the busiest year ever in the history of UK auctions. The popularity of auctions for vendor and buyer alike, has increased over the last few years and this trend seems set to continue.
May I take this opportunity to thank all of our clients for their support this year and we look forward to furnishing you with more deals and data next year. On behalf of all of us at EIG, I would like to wish you seasons greetings and a prosperous new year.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
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Essential Auction News
139 property auctions were held throughout the UK in November 2006.
We will compare these results to those of November 2005.
There is also a regional breakdown of statistics, and a detailed analysis of the type of properties offered and sold at auction.
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Overall Statistics November 2006
| Number of Auctions Held in the UK |
139 |
| Total Lots Offered |
2,655 |
| Total Lots Sold |
1,979 |
| Percent Sold |
75% |
| Total Realised |
£382,042,686 |
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National Auction Analysis
As has been the trend all this year, November's figures saw big increases on November 05. We have added in an additional column to show the % change. The highlight is the fact that the monthly, quarterly and yearly figures have seen a 30% increase in the value of property sold at auction, with the 'year on year' lots offered increasing by nearly 11%. Only 2 months ago the amount raised for the previous 12 months exceeded £5 billion, is now runs at £5.47 billion for the last 12 months!
| National Breakdown |
| |
Last Month |
Last Quarter |
Last Year |
| |
November 2006 |
November 2005 |
Increase |
August-November 2006 |
August-November 2005 |
Increase |
December 2005-November 2006 |
December 2004-November 2005 |
Increase |
| Lots Offered |
2,655 |
2,218 |
19.7% |
10,026 |
9,105 |
10.1% |
33,878 |
30,576 |
10.8% |
| Lots Sold |
1,979 |
1,632 |
21.3% |
7,687 |
6,492 |
18.4% |
26,091 |
22,064 |
18.3% |
| Total Raised |
£382,042,686 |
£291,461,764 |
31.1% |
£1,640,591,960 |
£1,215,443,655 |
35.0% |
£5,590,706,759 |
£4,224,918,904 |
32.3% |
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Regional Auction Analysis
With such growth in auctions nationally, one would expect similar growth to be seen regionally and with a couple of exceptions it was. The larger that expected variances, either up or down are often due to an auction being moved from one month to another.
| Regional Breakdown |
| Location Map |
Lots Offered |
Lots Sold |
Total Raised |
| |
November 2006 |
November 2005 |
Increase |
November 2006 |
November 2005 |
Increase |
November 2006 |
November 2005 |
Increase |
| East Anglia |
93 |
72 |
29.2%
|
74 |
61 |
21.3%
|
£14,705,500 |
£9,689,000 |
51.8%
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| East Midlands |
185 |
166 |
11.4%
|
126 |
119 |
5.9%
|
£18,229,500 |
£16,373,600 |
11.3%
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| London |
300 |
219 |
37.0%
|
273 |
188 |
45.2%
|
£99,856,500 |
£53,999,750 |
84.9%
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| North-East |
182 |
156 |
16.7%
|
91 |
68 |
33.8%
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£11,473,650 |
£11,366,850 |
0.9%
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| North-West |
341 |
188 |
81.4%
|
238 |
108 |
120.4%
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£33,305,000 |
£17,756,500 |
87.6%
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| North-West Home Counties |
106 |
129 |
-17.8%
|
79 |
95 |
-16.8%
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£21,738,700 |
£30,357,000 |
-28.4%
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| Northern Ireland |
0 |
0 |
0%
|
0 |
0 |
0%
|
£0 |
£0 |
0%
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| Scotland |
101 |
93 |
8.6%
|
85 |
87 |
-2.3%
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£7,401,300 |
£10,265,750 |
-27.9%
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| South-East Home Counties |
426 |
318 |
34.0%
|
348 |
252 |
38.1%
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£70,880,200 |
£57,191,264 |
23.9%
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| South-West |
255 |
210 |
21.4%
|
177 |
133 |
33.1%
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£36,433,311 |
£22,439,250 |
62.4%
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| Wales |
233 |
161 |
44.7%
|
157 |
114 |
37.7%
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£19,016,525 |
£13,863,650 |
37.2%
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| West Midlands |
266 |
231 |
15.2%
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207 |
172 |
20.3%
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£33,625,750 |
£22,462,100 |
49.7%
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| Yorkshire and The Humber |
167 |
275 |
-39.3%
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124 |
235 |
-47.2%
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£15,376,750 |
£25,697,050 |
-40.2%
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Your comments
If you would like to comment on anything in this email, or have any suggestions for future newsletters, we would love to hear from you. So please
email us
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