Essential Information Group

Monthly News Update

April 2007



The figures below should appear in a 'table' format. If for any reason they do not, you can view the newsletter online at http://www.eigroup.co.uk/newsletters/2007/April.html

David Sandeman, Managing Director Welcome to the April newsletter reviewing auction activity for March 07. March saw 133 auctions take place compared with 107 for March 06, though interestingly the % sold rate slipped to 70% where as it has been in the mid 70's for the last 6 months.

Several subscribers have requested for a copy of this newsletter to be sent directly to one of their colleagues If you have a colleague you would like to receive a copy simply let me have their details here.

Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk
Essential Auction News
133 property auctions were held throughout the UK in March 2007. We will compare these results to those of March 2006. There is also a regional breakdown of statistics. 		 
Overall Statistics March 2007
Number of Auctions Held in the UK 133
Total Lots Offered 3,150
Total Lots Sold 2,220
Percent Sold 70%
Total Realised £596,857,121

National Auction Analysis
With the first quarter of 2007 behind us we can see that not only was March 07 well up on March 06, but also the overall results for the first quarter have seen big increases as well. As mentioned in the introduction, the % sold rate has fallen slightly though we have seen lower rates several times last year. What is significant, is the surge in the value of properties sold at auction when compared with similar periods last year. The rolling year figure is now in excess of 23%.

  Last Month Last Quarter Last Year
  March 2007 March 2006 Increase January - March 2007 January - March 2006 Increase April 2006 - March 2007 April 2005 - March 2006 Increase
Lots Offered 3,150 2,834 11.2% 8,153 6,768 20.5% 35,384 31,698 11.6%
Lots Sold 2,220 2,307 -3.8% 6,125 5,513 11.1% 27,068 23,498 15.2%
Percent Sold 70% 81% -13.4% 75% 81% -7.8% 76% 74% 3.2%
Total Raised £596,857,121 £531,311,571 12.3% £1,517,903,813 £1,247,008,300 21.7% £6,143,214,758 £4,969,966,529 23.6%

Regional Auction Analysis
March 07, when compared with March 06, sees different patterns across the regions. Northern Ireland saw a big increase in all the numbers with a major commercial sale taking place last month, whilst London saw a fall in lots offered and sold though the amount raised increased 22%. The same trends were seen for the South East Home Counties as well. These figures though are just comparing one month and over a longer period of time the anomalies tend to be flattened out.

Location Map Lots Offered Lots Sold Total Raised
  March 2007 March 2006 Increase March 2007 March 2006 Increase March 2007 March 2006 Increase
East Anglia 62 52 19.2% 38 38 0.0% £11,188,001 £14,570,000 -23.2%
East Midlands 209 197 6.1% 145 162 -10.5% £21,474,056 £25,045,500 -14.3%
London 229 298 -23.2% 203 263 -22.8% £101,242,250 £82,837,600 22.2%
North-East 205 175 17.1% 120 112 7.1% £23,266,000 £17,597,475 32.2%
North-West 574 541 6.1% 372 399 -6.8% £66,725,767 £55,816,800 19.5%
North-West Home Counties 177 192 -7.8% 129 166 -22.3% £42,570,500 £68,880,700 -38.2%
Northern Ireland 45 25 80.0% 29 16 81.3% £44,795,000 £12,585,500 255.9%
Scotland 123 94 30.9% 55 76 -27.6% £12,149,000 £23,778,100 -48.9%
South-East Home Counties 276 321 -14.0% 197 276 -28.6% £88,247,681 £81,846,345 7.8%
South-West 333 224 48.7% 261 195 33.8% £66,595,949 £43,739,450 52.3%
Wales 235 128 83.6% 160 103 55.3% £20,414,000 £19,484,950 4.8%
West Midlands 418 388 7.7% 315 321 -1.9% £57,846,084 £40,731,900 42.0%
Yorkshire and The Humber 264 199 32.7% 196 180 8.9% £40,342,833 £44,397,251 -9.1%


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