Essential Auction News
Welcome to the May newsletter that looks back on auction activity in April and preceding periods. The growth of the market that we have been seeing for the past 12 months is again reflected in this month’s figures. Of the 36 metrics we cover, 26 were upward, and 10 were downward.
The overall amount raised in April was up 7%, from £305M to £327M. The vast majority of this was in the residential sector, as no major commercial auctions took place in April. The overall rolling year figures saw an 8% increase in the number of lots sold to 22,045, with the amount raised up 20% to £4.72bn suggesting that property values are rising.
In the 13 regions we cover, 2 of them saw the year-on-year quarterly revenues increase by over 20%. They were: Wales + 21% and Yorkshire and Humberside + 30%.
As always, I look forward to receiving any comments you may 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 April 2022 |
| Total Lots Offered |
2,363 |
| Total Lots Sold |
1,742 |
| Percent Sold |
73.7% |
| Total Realised |
£326,605,400 |
|
|
National Auction Analysis
OverallN.B. Figures in brackets denote the comparative period last year
|
April 2022 |
February 2022 to April 2022 |
May 2021 to April 2022 |
| Lots Offered |
2,363 (2,280) |
▲ 3.6% |
8,021 (7,608) |
▲ 5.4% |
28,474 (26,333) |
▲ 8.1% |
| Lots Sold |
1,742 (1,816) |
▼ 4.1% |
6,310 (6,087) |
▲ 3.7% |
22,045 (20,352) |
▲ 8.3% |
| Percent Sold |
73.7% (79.6%) |
▼ 7.4% |
78.7% (80.0%) |
▼ 1.6% |
77.4% (77.3%) |
▲ 0.1% |
| Total Raised |
£326.6M (£304.7M) |
▲ 7.2% |
£1,324.1M (£1,192.8M) |
▲ 11.0% |
£4,718.9M (£3,928.8M) |
▲ 20.1% |
ResidentialN.B. Figures in brackets denote the comparative period last year
|
April 2022 |
February 2022 to April 2022 |
May 2021 to April 2022 |
| Lots Offered |
2,070 (2,063) |
▲ 0.3% |
6,854 (6,796) |
▲ 0.9% |
24,236 (23,105) |
▲ 4.9% |
| Lots Sold |
1,566 (1,645) |
▼ 4.8% |
5,457 (5,423) |
▲ 0.6% |
18,840 (17,846) |
▲ 5.6% |
| Percent Sold |
75.7% (79.7%) |
▼ 5.0% |
79.6% (79.8%) |
▼ 0.3% |
77.7% (77.2%) |
▲ 0.6% |
| Total Raised |
£296.7M (£268.3M) |
▲ 10.6% |
£1,041.1M (£954.2M) |
▲ 9.1% |
£3,546.2M (£3,035.5M) |
▲ 16.8% |
CommercialN.B. Figures in brackets denote the comparative period last year
|
April 2022 |
February 2022 to April 2022 |
May 2021 to April 2022 |
| Lots Offered |
293 (217) |
▲ 35.0% |
1,167 (812) |
▲ 43.7% |
4,238 (3,228) |
▲ 31.3% |
| Lots Sold |
176 (171) |
▲ 2.9% |
853 (664) |
▲ 28.5% |
3,205 (2,506) |
▲ 27.9% |
| Percent Sold |
60.1% (78.8%) |
▼ 23.7% |
73.1% (81.8%) |
▼ 10.6% |
75.6% (77.6%) |
▼ 2.6% |
| Total Raised |
£29.9M (£36.4M) |
▼ 17.9% |
£283.0M (£238.6M) |
▲ 18.6% |
£1,172.8M (£893.4M) |
▲ 31.3% |
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)
| February 2022 to April 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
257 (258) |
▼ 0.4% |
204 (222) |
▼ 8.1% |
53 (36) |
▲ 47.2% |
| Lots Sold |
210 (211) |
▼ 0.5% |
166 (183) |
▼ 9.3% |
44 (28) |
▲ 57.1% |
| Percent Sold |
81.7% (81.8%) |
▼ 0.1% |
81.4% (82.4%) |
▼ 1.2% |
83.0% (77.8%) |
▲ 6.7% |
| Total Raised |
£49.1M (£42.3M) |
▲ 16.1% |
£34.4M (£32.8M) |
▲ 5.1% |
£14.7M (£9.5M) |
▲ 54.4% |
 East Midlands
(Includes Derbyshire, Leicestershire, Lincolnshire, Northamptonshire, Nottinghamshire, Rutland)
| February 2022 to April 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
642 (603) |
▲ 6.5% |
549 (541) |
▲ 1.5% |
93 (62) |
▲ 50.0% |
| Lots Sold |
526 (490) |
▲ 7.3% |
459 (435) |
▲ 5.5% |
67 (55) |
▲ 21.8% |
| Percent Sold |
81.9% (81.3%) |
▲ 0.7% |
83.6% (80.4%) |
▲ 4.0% |
72.0% (88.7%) |
▼ 18.8% |
| Total Raised |
£88.9M (£75.0M) |
▲ 18.5% |
£75.0M (£58.5M) |
▲ 28.1% |
£13.9M (£16.5M) |
▼ 15.4% |
 London
| February 2022 to April 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
769 (711) |
▲ 8.2% |
710 (660) |
▲ 7.6% |
59 (51) |
▲ 15.7% |
| Lots Sold |
590 (551) |
▲ 7.1% |
548 (512) |
▲ 7.0% |
42 (39) |
▲ 7.7% |
| Percent Sold |
76.7% (77.5%) |
▼ 1.0% |
77.2% (77.6%) |
▼ 0.5% |
71.2% (76.5%) |
▼ 6.9% |
| Total Raised |
£284.0M (£256.3M) |
▲ 10.8% |
£256.1M (£226.5M) |
▲ 13.1% |
£27.9M (£29.8M) |
▼ 6.3% |
 North-East
(Includes Cleveland, County Durham, Northumberland, Tyne and Wear)
| February 2022 to April 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
538 (534) |
▲ 0.7% |
506 (510) |
▼ 0.8% |
32 (24) |
▲ 33.3% |
| Lots Sold |
411 (415) |
▼ 1.0% |
388 (393) |
▼ 1.3% |
23 (22) |
▲ 4.5% |
| Percent Sold |
76.4% (77.7%) |
▼ 1.7% |
76.7% (77.1%) |
▼ 0.5% |
71.9% (91.7%) |
▼ 21.6% |
| Total Raised |
£32.3M (£33.0M) |
▼ 2.0% |
£28.4M (£26.6M) |
▲ 6.8% |
£3.9M (£6.3M) |
▼ 39.1% |
 North-West
(Includes Cheshire, Cumbria, Isle of Man, Lancashire, Merseyside)
| February 2022 to April 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
1,334 (1,262) |
▲ 5.7% |
1,145 (1,149) |
▼ 0.3% |
189 (113) |
▲ 67.3% |
| Lots Sold |
1,034 (985) |
▲ 5.0% |
902 (889) |
▲ 1.5% |
132 (96) |
▲ 37.5% |
| Percent Sold |
77.5% (78.1%) |
▼ 0.8% |
78.8% (77.4%) |
▲ 1.8% |
69.8% (85.0%) |
▼ 17.9% |
| Total Raised |
£140.7M (£118.1M) |
▲ 19.1% |
£106.4M (£97.2M) |
▲ 9.5% |
£34.3M (£20.9M) |
▲ 64.0% |
 North-West Home Counties
(Includes Bedfordshire, Berkshire, Buckinghamshire, Hertfordshire, Middlesex, Oxfordshire)
| February 2022 to April 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
511 (516) |
▼ 1.0% |
444 (472) |
▼ 5.9% |
67 (44) |
▲ 52.3% |
| Lots Sold |
406 (401) |
▲ 1.2% |
364 (368) |
▼ 1.1% |
42 (33) |
▲ 27.3% |
| Percent Sold |
79.5% (77.7%) |
▲ 2.3% |
82.0% (78.0%) |
▲ 5.1% |
62.7% (75.0%) |
▼ 16.4% |
| Total Raised |
£118.5M (£118.3M) |
▲ 0.1% |
£92.8M (£89.8M) |
▲ 3.3% |
£25.7M (£28.5M) |
▼ 10.0% |
 Northern Ireland
| February 2022 to April 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
99 (51) |
▲ 94.1% |
78 (43) |
▲ 81.4% |
21 (8) |
▲ 162.5% |
| Lots Sold |
42 (27) |
▲ 55.6% |
31 (21) |
▲ 47.6% |
11 (6) |
▲ 83.3% |
| Percent Sold |
42.4% (52.9%) |
▼ 19.8% |
39.7% (48.8%) |
▼ 18.6% |
52.4% (75.0%) |
▼ 30.1% |
| Total Raised |
£3.8M (£3.3M) |
▲ 15.5% |
£2.6M (£2.3M) |
▲ 8.7% |
£1.3M (£0.9M) |
▲ 32.2% |
 Scotland
| February 2022 to April 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
203 (182) |
▲ 11.5% |
123 (95) |
▲ 29.5% |
80 (87) |
▼ 8.0% |
| Lots Sold |
112 (92) |
▲ 21.7% |
68 (45) |
▲ 51.1% |
44 (47) |
▼ 6.4% |
| Percent Sold |
55.2% (50.5%) |
▲ 9.3% |
55.3% (47.4%) |
▲ 16.7% |
55.0% (54.0%) |
▲ 1.9% |
| Total Raised |
£13.6M (£14.0M) |
▼ 3.0% |
£4.0M (£3.0M) |
▲ 31.6% |
£9.7M (£11.0M) |
▼ 12.4% |
 South-East Home Counties
(Includes Channel Islands, East Sussex, Essex, Hampshire, Isle of Wight, Kent, Surrey, West Sussex)
| February 2022 to April 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
1,213 (1,142) |
▲ 6.2% |
1,017 (1,016) |
▲ 0.1% |
196 (126) |
▲ 55.6% |
| Lots Sold |
937 (924) |
▲ 1.4% |
799 (810) |
▼ 1.4% |
138 (114) |
▲ 21.1% |
| Percent Sold |
77.2% (80.9%) |
▼ 4.6% |
78.6% (79.7%) |
▼ 1.4% |
70.4% (90.5%) |
▼ 22.2% |
| Total Raised |
£256.4M (£228.2M) |
▲ 12.4% |
£196.3M (£179.4M) |
▲ 9.4% |
£60.0M (£48.8M) |
▲ 23.1% |
 South-West
(Includes Avon, Cornwall, Devon, Dorset, Gloucestershire, Isles of Scilly, Somerset, Wiltshire)
| February 2022 to April 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
550 (466) |
▲ 18.0% |
418 (398) |
▲ 5.0% |
132 (68) |
▲ 94.1% |
| Lots Sold |
458 (417) |
▲ 9.8% |
343 (357) |
▼ 3.9% |
115 (60) |
▲ 91.7% |
| Percent Sold |
83.3% (89.5%) |
▼ 6.9% |
82.1% (89.7%) |
▼ 8.5% |
87.1% (88.2%) |
▼ 1.2% |
| Total Raised |
£104.8M (£91.6M) |
▲ 14.4% |
£73.3M (£74.4M) |
▼ 1.5% |
£31.5M (£17.2M) |
▲ 83.5% |
 Wales
| February 2022 to April 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
509 (487) |
▲ 4.5% |
424 (417) |
▲ 1.7% |
85 (70) |
▲ 21.4% |
| Lots Sold |
404 (389) |
▲ 3.9% |
335 (331) |
▲ 1.2% |
69 (58) |
▲ 19.0% |
| Percent Sold |
79.4% (79.9%) |
▼ 0.6% |
79.0% (79.4%) |
▼ 0.5% |
81.2% (82.9%) |
▼ 2.1% |
| Total Raised |
£52.5M (£43.5M) |
▲ 20.8% |
£40.0M (£33.1M) |
▲ 20.6% |
£12.5M (£10.3M) |
▲ 21.5% |
 West Midlands
(Includes Herefordshire, Shropshire, Staffordshire, Warwickshire, West Midlands, Worcestershire)
| February 2022 to April 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
711 (822) |
▼ 13.5% |
626 (755) |
▼ 17.1% |
85 (67) |
▲ 26.9% |
| Lots Sold |
607 (689) |
▼ 11.9% |
539 (635) |
▼ 15.1% |
68 (54) |
▲ 25.9% |
| Percent Sold |
85.4% (83.8%) |
▲ 1.9% |
86.1% (84.1%) |
▲ 2.4% |
80.0% (80.6%) |
▼ 0.7% |
| Total Raised |
£102.8M (£110.2M) |
▼ 6.7% |
£78.0M (£85.1M) |
▼ 8.4% |
£24.8M (£25.1M) |
▼ 1.1% |
 Yorkshire and The Humber
(Includes North Humberside, North Yorkshire, South Humberside, South Yorkshire, West Yorkshire)
| February 2022 to April 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
685 (574) |
▲ 19.3% |
610 (518) |
▲ 17.8% |
75 (56) |
▲ 33.9% |
| Lots Sold |
573 (496) |
▲ 15.5% |
515 (444) |
▲ 16.0% |
58 (52) |
▲ 11.5% |
| Percent Sold |
83.6% (86.4%) |
▼ 3.2% |
84.4% (85.7%) |
▼ 1.5% |
77.3% (92.9%) |
▼ 16.8% |
| Total Raised |
£76.8M (£59.2M) |
▲ 29.8% |
£53.9M (£45.4M) |
▲ 18.7% |
£22.9M (£13.8M) |
▲ 66.6% |
Disclaimer: The figures in this newsletter are based on sales data provided to us by the auctioneers.
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