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Welcome to the June news letter giving a summary of the results for May 2006. As you will see, May was an exceedingly busy month, though June will be quieter before the pre holiday rush that we will have in July.
We are constantly on the lookout for new auction houses that we do not presently cover. If you know of any that are not in our database, no matter how big or small do please let me have details by sending an email.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
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Essential Auction News
121 property auctions were held throughout the UK in May 2006.
We will compare these results to those of May 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 May 2006
| Number of Auctions Held in the UK |
121 |
| Total Lots Offered |
3,572 |
| Total Lots Sold |
2,560 |
| Percent Sold |
72% |
| Total Realised |
£691,754,053 |
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National Auction Analysis
Comparing May 06 with May 05 saw the number of lots offered increase by 15% with the % sold rate broadly steady at 72%. The amount raised however soared by 45% to over £691M. This was in part due to some major portfolios of commercial 'sale and leasebacks' being offered.
Similar trends, though not as great, are seen in the rolling quarterly and yearly analysis as well.
| National Breakdown |
| |
Last Month |
Last Quarter |
Last Year |
| |
May 2006 |
May 2005 |
February-May 2006 |
February-May 2005 |
June 2005-May 2006 |
June 2004-May 2005 |
| Lots Offered |
3,572 |
3,103 |
9,174 |
7,967 |
32,379 |
31,062 |
| Lots Sold |
2,560 |
2,201 |
6,802 |
5,787 |
23,708 |
22,026 |
| Total Raised |
£691,754,053 |
£475,015,500 |
£1,468,188,060 |
£1,163,965,959 |
£4,826,599,136 |
£4,117,228,785 |
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Regional Auction Analysis
As would be expected with such a busy month, the majority of regions saw increased activity, and for those that dropped back, the change was very small. The big increases in the amount raised was, as mentioned before, due to the sale of the large commercial portfolios of Sale and Leasebacks.
| Regional Breakdown |
| Location Map |
Lots Offered |
Lots Sold |
Total Raised |
| |
May 2006 |
May 2005 |
May 2006 |
May 2005 |
May 2006 |
May 2005 |
| East Anglia |
92 |
71 |
78 |
55 |
£29,591,250 |
£17,839,950 |
| East Midlands |
201 |
131 |
144 |
90 |
£30,561,200 |
£17,972,250 |
| London |
425 |
466 |
352 |
362 |
£141,102,453 |
£120,215,550 |
| North-East |
375 |
397 |
281 |
296 |
£46,153,400 |
£47,007,750 |
| North-West |
567 |
450 |
366 |
285 |
£60,196,800 |
£27,087,500 |
| North-West Home Counties |
232 |
256 |
182 |
167 |
£72,161,000 |
£54,739,500 |
| Northern England |
212 |
204 |
94 |
105 |
£21,800,150 |
£12,672,200 |
| Northern Ireland |
0 |
0 |
0 |
0 |
£0 |
£0 |
| Scotland |
109 |
22 |
56 |
17 |
£8,587,050 |
£9,673,000 |
| South-East Home Counties |
438 |
441 |
334 |
336 |
£116,968,250 |
£79,145,450 |
| South-West |
378 |
215 |
248 |
150 |
£54,654,750 |
£28,727,250 |
| Wales |
200 |
202 |
147 |
147 |
£51,781,750 |
£18,880,250 |
| West Midlands |
343 |
248 |
278 |
191 |
£58,196,000 |
£41,054,850 |
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News and developments on the web site
Are you using the AuctionElert service effectively??
With an Auction elert set up you simply enter the types of property you are looking for and as soon as one is entered on our database we e mail you to tell you about it. As soon as it has been offered another e mail goes out to you with the results. No more missed lots!!
To see how to set one up click on http://www.eigroup.co.uk/subscribers/tutorials.asp and watch "Make the most out of Auction Elert".
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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
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