Essential Information Group

May 2022 Newsletter

EIG monthly Newsletter

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

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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

Overall

N.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%

Residential

N.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%

Commercial

N.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-AngliaEast 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-MidlandsEast 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%

LondonLondon

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-EastNorth-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-WestNorth-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-CountiesNorth-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-IrelandNorthern 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%

ScotlandScotland

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-CountiesSouth-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-WestSouth-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%

WalesWales

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-MidlandsWest 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-HumberYorkshire 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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