Essential Auction News
Welcome to the first newsletter of 2022 which looks back at auction activity during 2021. Year-on-year across the whole industry we have seen a 7.8% growth in lots offered and a 29.8% rise in amount raised taking it to £4.26bn. December 2021 saw a rise in revenue over December 2020 of 19.2% to £520.9M. The residential revenue rose by over 14% to £377.1M, and the commercial by over 34% to £143.8M. As one would expect the quarterly comparison saw similar gains.
Whilst I write this, the team here are already entering some bumper catalogues of upcoming auctions, and the signs are that 2022 will be another busy year for the industry.
As ever I welcome any comments you might have.
Please note the newsletter can also be viewed online. Kind regards David Sandeman
davids@eigroup.co.uk P.S. Here at the Essential Information Group we maintain a database of virtually every property coming up for sale at auction as well as almost 900,000 lots that have been to auction in the past. It is fully searchable and allows you to identify properties coming up for sale that you might be interested in, and to see what similar properties have sold for in the past. If you would like a trial of our website, please register here. |
|
Overall Statistics December 2021 |
| Total Lots Offered |
3,182 |
| Total Lots Sold |
2,510 |
| Percent Sold |
78.9% |
| Total Realised |
£547,461,200 |
|
|
National Auction Analysis
OverallN.B. Figures in brackets denote the comparative period last year
|
December 2021 |
October 2021 to December 2021 |
January 2021 to December 2021 |
| Lots Offered |
3,182 (3,235) |
▼ 1.6% |
7,492 (7,529) |
▼ 0.5% |
28,423 (25,422) |
▲ 11.8% |
| Lots Sold |
2,510 (2,438) |
▲ 3.0% |
5,708 (5,617) |
▲ 1.6% |
22,130 (19,036) |
▲ 16.3% |
| Percent Sold |
78.9% (75.4%) |
▲ 4.6% |
76.2% (74.6%) |
▲ 2.1% |
77.9% (74.9%) |
▲ 4.0% |
| Total Raised |
£547.5M (£478.0M) |
▲ 14.5% |
£1,210.7M (£1,078.5M) |
▲ 12.3% |
£4,637.7M (£3,544.5M) |
▲ 30.8% |
ResidentialN.B. Figures in brackets denote the comparative period last year
|
December 2021 |
October 2021 to December 2021 |
January 2021 to December 2021 |
| Lots Offered |
2,695 (2,883) |
▼ 6.5% |
6,322 (6,647) |
▼ 4.9% |
24,544 (21,920) |
▲ 12.0% |
| Lots Sold |
2,113 (2,167) |
▼ 2.5% |
4,803 (4,950) |
▼ 3.0% |
19,110 (16,440) |
▲ 16.2% |
| Percent Sold |
78.4% (75.2%) |
▲ 4.3% |
76.0% (74.5%) |
▲ 2.0% |
77.9% (75.0%) |
▲ 3.9% |
| Total Raised |
£400.3M (£359.8M) |
▲ 11.3% |
£900.6M (£821.5M) |
▲ 9.6% |
£3,505.9M (£2,668.1M) |
▲ 31.4% |
CommercialN.B. Figures in brackets denote the comparative period last year
|
December 2021 |
October 2021 to December 2021 |
January 2021 to December 2021 |
| Lots Offered |
487 (352) |
▲ 38.4% |
1,170 (882) |
▲ 32.7% |
3,879 (3,502) |
▲ 10.8% |
| Lots Sold |
397 (271) |
▲ 46.5% |
905 (667) |
▲ 35.7% |
3,020 (2,596) |
▲ 16.3% |
| Percent Sold |
81.5% (77.0%) |
▲ 5.8% |
77.4% (75.6%) |
▲ 2.4% |
77.9% (74.1%) |
▲ 5.1% |
| Total Raised |
£147.1M (£118.2M) |
▲ 24.5% |
£310.0M (£256.9M) |
▲ 20.7% |
£1,131.7M (£876.3M) |
▲ 29.1% |
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 Anglia
(Includes Cambridgeshire, Norfolk, Suffolk)
| October 2021 to December 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
272 (297) |
▼ 8.4% |
228 (270) |
▼ 15.6% |
44 (27) |
▲ 63.0% |
| Lots Sold |
235 (231) |
▲ 1.7% |
196 (205) |
▼ 4.4% |
39 (26) |
▲ 50.0% |
| Percent Sold |
86.4% (77.8%) |
▲ 11.1% |
86.0% (75.9%) |
▲ 13.3% |
88.6% (96.3%) |
▼ 8.0% |
| Total Raised |
£47.9M (£42.6M) |
▲ 12.3% |
£37.6M (£36.3M) |
▲ 3.5% |
£10.3M (£6.4M) |
▲ 62.1% |
 East Midlands
(Includes Derbyshire, Leicestershire, Lincolnshire, Northamptonshire, Nottinghamshire, Rutland)
| October 2021 to December 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
565 (583) |
▼ 3.1% |
474 (514) |
▼ 7.8% |
91 (69) |
▲ 31.9% |
| Lots Sold |
430 (433) |
▼ 0.7% |
356 (378) |
▼ 5.8% |
74 (55) |
▲ 34.5% |
| Percent Sold |
76.1% (74.3%) |
▲ 2.4% |
75.1% (73.5%) |
▲ 2.2% |
81.3% (79.7%) |
▲ 2.0% |
| Total Raised |
£78.7M (£70.8M) |
▲ 11.1% |
£53.9M (£54.9M) |
▼ 1.9% |
£24.8M (£15.9M) |
▲ 55.8% |
 London
| October 2021 to December 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
700 (701) |
▼ 0.1% |
642 (656) |
▼ 2.1% |
58 (45) |
▲ 28.9% |
| Lots Sold |
530 (535) |
▼ 0.9% |
479 (498) |
▼ 3.8% |
51 (37) |
▲ 37.8% |
| Percent Sold |
75.7% (76.3%) |
▼ 0.8% |
74.6% (75.9%) |
▼ 1.7% |
87.9% (82.2%) |
▲ 6.9% |
| Total Raised |
£239.3M (£233.7M) |
▲ 2.4% |
£199.9M (£197.6M) |
▲ 1.1% |
£39.4M (£36.1M) |
▲ 9.3% |
 North-East
(Includes Cleveland, County Durham, Northumberland, Tyne and Wear)
| October 2021 to December 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
541 (458) |
▲ 18.1% |
496 (434) |
▲ 14.3% |
45 (24) |
▲ 87.5% |
| Lots Sold |
395 (356) |
▲ 11.0% |
356 (337) |
▲ 5.6% |
39 (19) |
▲ 105.3% |
| Percent Sold |
73.0% (77.7%) |
▼ 6.0% |
71.8% (77.6%) |
▼ 7.5% |
86.7% (79.2%) |
▲ 9.5% |
| Total Raised |
£39.5M (£27.7M) |
▲ 42.5% |
£25.7M (£23.6M) |
▲ 8.7% |
£13.9M (£4.1M) |
▲ 234.6% |
 North-West
(Includes Cheshire, Cumbria, Isle of Man, Lancashire, Merseyside)
| October 2021 to December 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
1,209 (1,373) |
▼ 11.9% |
1,060 (1,238) |
▼ 14.4% |
149 (135) |
▲ 10.4% |
| Lots Sold |
915 (973) |
▼ 6.0% |
796 (873) |
▼ 8.8% |
119 (100) |
▲ 19.0% |
| Percent Sold |
75.7% (70.9%) |
▲ 6.8% |
75.1% (70.5%) |
▲ 6.5% |
79.9% (74.1%) |
▲ 7.8% |
| Total Raised |
£122.2M (£113.1M) |
▲ 8.1% |
£95.1M (£88.9M) |
▲ 7.0% |
£27.1M (£24.2M) |
▲ 12.0% |
 North-West Home Counties
(Includes Bedfordshire, Berkshire, Buckinghamshire, Hertfordshire, Middlesex, Oxfordshire)
| October 2021 to December 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
466 (497) |
▼ 6.2% |
389 (428) |
▼ 9.1% |
77 (69) |
▲ 11.6% |
| Lots Sold |
377 (353) |
▲ 6.8% |
314 (294) |
▲ 6.8% |
63 (59) |
▲ 6.8% |
| Percent Sold |
80.9% (71.0%) |
▲ 13.9% |
80.7% (68.7%) |
▲ 17.5% |
81.8% (85.5%) |
▼ 4.3% |
| Total Raised |
£125.6M (£104.8M) |
▲ 19.8% |
£95.0M (£68.8M) |
▲ 38.0% |
£30.6M (£36.0M) |
▼ 14.9% |
 Northern Ireland
| October 2021 to December 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
54 (59) |
▼ 8.5% |
50 (43) |
▲ 16.3% |
4 (16) |
▼ 75.0% |
| Lots Sold |
10 (14) |
▼ 28.6% |
10 (8) |
▲ 25.0% |
0 (6) |
▼ 100.0% |
| Percent Sold |
18.5% (23.7%) |
▼ 21.9% |
20.0% (18.6%) |
▲ 7.5% |
0.0% (37.5%) |
▼ 100.0% |
| Total Raised |
£1.5M (£1.3M) |
▲ 12.2% |
£1.5M (£0.7M) |
▲ 100.9% |
£0.0M (£0.6M) |
▼ 100.0% |
 Scotland
| October 2021 to December 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
249 (164) |
▲ 51.8% |
151 (97) |
▲ 55.7% |
98 (67) |
▲ 46.3% |
| Lots Sold |
103 (68) |
▲ 51.5% |
53 (45) |
▲ 17.8% |
50 (23) |
▲ 117.4% |
| Percent Sold |
41.4% (41.5%) |
▼ 0.2% |
35.1% (46.4%) |
▼ 24.4% |
51.0% (34.3%) |
▲ 48.7% |
| Total Raised |
£16.3M (£17.8M) |
▼ 8.4% |
£2.9M (£2.7M) |
▲ 9.5% |
£13.4M (£15.1M) |
▼ 11.6% |
 South-East Home Counties
(Includes Channel Islands, East Sussex, Essex, Hampshire, Isle of Wight, Kent, Surrey, West Sussex)
| October 2021 to December 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
1,126 (1,072) |
▲ 5.0% |
905 (948) |
▼ 4.5% |
221 (124) |
▲ 78.2% |
| Lots Sold |
867 (784) |
▲ 10.6% |
714 (688) |
▲ 3.8% |
153 (96) |
▲ 59.4% |
| Percent Sold |
77.0% (73.1%) |
▲ 5.3% |
78.9% (72.6%) |
▲ 8.7% |
69.2% (77.4%) |
▼ 10.6% |
| Total Raised |
£224.7M (£183.1M) |
▲ 22.7% |
£170.1M (£140.2M) |
▲ 21.3% |
£54.6M (£42.9M) |
▲ 27.4% |
 South-West
(Includes Avon, Cornwall, Devon, Dorset, Gloucestershire, Isles of Scilly, Somerset, Wiltshire)
| October 2021 to December 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
536 (477) |
▲ 12.4% |
388 (394) |
▼ 1.5% |
148 (83) |
▲ 78.3% |
| Lots Sold |
442 (401) |
▲ 10.2% |
318 (330) |
▼ 3.6% |
124 (71) |
▲ 74.6% |
| Percent Sold |
82.5% (84.1%) |
▼ 1.9% |
82.0% (83.8%) |
▼ 2.1% |
83.8% (85.5%) |
▼ 2.0% |
| Total Raised |
£103.7M (£89.6M) |
▲ 15.8% |
£70.5M (£67.1M) |
▲ 5.0% |
£33.3M (£22.5M) |
▲ 48.0% |
 Wales
| October 2021 to December 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
485 (426) |
▲ 13.8% |
403 (360) |
▲ 11.9% |
82 (66) |
▲ 24.2% |
| Lots Sold |
398 (323) |
▲ 23.2% |
329 (274) |
▲ 20.1% |
69 (49) |
▲ 40.8% |
| Percent Sold |
82.1% (75.8%) |
▲ 8.3% |
81.6% (76.1%) |
▲ 7.2% |
84.1% (74.2%) |
▲ 13.3% |
| Total Raised |
£54.1M (£40.5M) |
▲ 33.7% |
£39.2M (£29.0M) |
▲ 35.4% |
£14.9M (£11.5M) |
▲ 29.5% |
 West Midlands
(Includes Herefordshire, Shropshire, Staffordshire, Warwickshire, West Midlands, Worcestershire)
| October 2021 to December 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
706 (828) |
▼ 14.7% |
618 (751) |
▼ 17.7% |
88 (77) |
▲ 14.3% |
| Lots Sold |
567 (657) |
▼ 13.7% |
493 (596) |
▼ 17.3% |
74 (61) |
▲ 21.3% |
| Percent Sold |
80.3% (79.3%) |
▲ 1.3% |
79.8% (79.4%) |
▲ 0.5% |
84.1% (79.2%) |
▲ 6.2% |
| Total Raised |
£100.1M (£90.2M) |
▲ 11.0% |
£66.4M (£70.4M) |
▼ 5.6% |
£33.7M (£19.8M) |
▲ 70.3% |
 Yorkshire and The Humber
(Includes North Humberside, North Yorkshire, South Humberside, South Yorkshire, West Yorkshire)
| October 2021 to December 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
583 (594) |
▼ 1.9% |
518 (514) |
▲ 0.8% |
65 (80) |
▼ 18.8% |
| Lots Sold |
439 (489) |
▼ 10.2% |
389 (424) |
▼ 8.3% |
50 (65) |
▼ 23.1% |
| Percent Sold |
75.3% (82.3%) |
▼ 8.5% |
75.1% (82.5%) |
▼ 9.0% |
76.9% (81.2%) |
▼ 5.3% |
| Total Raised |
£57.0M (£63.2M) |
▼ 9.8% |
£42.9M (£41.3M) |
▲ 3.9% |
£14.0M (£21.8M) |
▼ 35.7% |
Disclaimer: The figures in this newsletter are based on sales data provided to us by the auctioneers.
Your Comments
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