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Welcome to the first news letter of 2007. Below are the facts and figures for the month of December 2006 and also the year as a whole. This news letter marks the first anniversary of our monthly newsletters and I do hope that you have found them informative and useful in your property dealings at auction.
The theme and trend that has run through the previous 12 months is the increased number of lots and amount raised. The 'year on year' trend is no different.
We at EiG hope you all have a prosperous 2007.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
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Essential Auction News
86 property auctions were held throughout the UK in December 2006.
We will compare these results to those of December 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 December 2006
| Number of Auctions Held in the UK |
86 |
| Total Lots Offered |
3,187 |
| Total Lots Sold |
2,413 |
| Percent Sold |
76% |
| Total Realised |
£612,396,707 |
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National Auction Analysis
December mirrored the results of the previous 12 months we have analysed, and in all sectors and periods shows an increase on the same period in the pervious year. The overall totals for the year show 33,994 lots offered (up 9.7%) and amount raised at £5.67 billion, up a colossal 29.2%! If current trends continue we could see over £7 billion being raised at auction in 2007.
| National Breakdown |
| |
Last Month |
Last Quarter |
Last Year |
| |
December 2006 |
December 2005 |
Increase |
September-December 2006 |
September-December 2005 |
Increase |
January 2006-December 2006 |
January 2005-December 2005 |
Increase |
| Lots Offered |
3,187 |
3,106 |
2.6% |
9,634 |
8,583 |
12.2% |
33,994 |
30,976 |
9.7% |
| Lots Sold |
2,413 |
2,319 |
4.1% |
7,363 |
6,213 |
18.5% |
26,426 |
22,474 |
17.6% |
| Total Raised |
£612,396,707 |
£587,153,912 |
4.3% |
£1,793,937,835 |
£1,414,164,856 |
26.9% |
£5,677,596,511 |
£4,395,998,679 |
29.2% |
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Regional Auction Analysis
The last month of the year bought some wide variances across the regions. Five regions saw a decrease in activity whilst others had big increases, notably the East Midlands, the North East and Scotland. Immediately below this is a comparison of all 2005 against 2006.
| Regional Breakdown |
| Location Map |
Lots Offered |
Lots Sold |
Total Raised |
| |
December 2006 |
December 2005 |
Increase |
December 2006 |
December 2005 |
Increase |
December 2006 |
December 2005 |
Increase |
| East Anglia |
58 |
71 |
-18.3%
|
49 |
53 |
-7.5%
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£13,482,750 |
£16,204,750 |
-16.8%
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| East Midlands |
251 |
155 |
61.9%
|
185 |
120 |
54.2%
|
£34,031,450 |
£13,735,750 |
147.8%
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| London |
404 |
389 |
3.9%
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361 |
313 |
15.3%
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£128,789,713 |
£113,717,100 |
13.3%
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| North-East |
163 |
129 |
26.4%
|
92 |
62 |
48.4%
|
£23,183,250 |
£9,934,245 |
133.4%
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| North-West |
561 |
639 |
-12.2%
|
344 |
456 |
-24.6%
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£60,041,049 |
£144,276,745 |
-58.4%
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| North-West Home Counties |
241 |
225 |
7.1%
|
192 |
173 |
11.0%
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£72,727,200 |
£62,083,435 |
17.1%
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| Northern Ireland |
1 |
6 |
-83.3%
|
1 |
6 |
-83.3%
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£845,000 |
£509,500 |
65.8%
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| Scotland |
43 |
23 |
87.0%
|
34 |
16 |
112.5%
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£12,652,500 |
£4,669,000 |
171.0%
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| South-East Home Counties |
476 |
540 |
-11.9%
|
390 |
422 |
-7.6%
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£113,903,800 |
£92,320,250 |
23.4%
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| South-West |
247 |
169 |
46.2%
|
203 |
131 |
55.0%
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£54,099,900 |
£46,099,435 |
17.4%
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| Wales |
156 |
144 |
8.3%
|
113 |
105 |
7.6%
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£15,348,245 |
£17,967,400 |
-14.6%
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| West Midlands |
349 |
337 |
3.6%
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268 |
242 |
10.7%
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£53,351,250 |
£31,601,200 |
68.8%
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| Yorkshire and The Humber |
237 |
279 |
-15.1%
|
181 |
220 |
-17.7%
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£29,940,600 |
£34,035,102 |
-12.0%
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Yearly Regional Analysis
In line with the overall figures, all the regions saw growth in the number of lots offered and the amount raised. Setting aside Northern Ireland, (the huge growth was due to us covering Osborne King for the first time) virtually all regions saw double digit growth in lots offered and amount raised, with the East Midlands topping the bill with 49% increase in lots offered and 60% by value.
Below are two graphs showing the increase for both the number of lots offered and the amount raised.
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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 like to hear from you. So please
email us
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