The latest sales figures from the property auction sector show that overall, there was very little change in activity levels in September compared with the previous quarter, as well as the corresponding month last year.
According to Essential Information Group, which provided the data, there was a marginal dip in the residential sector in terms of percent sold and amount raised (4.5% & 6.8% respectively), whilst the commercial sector saw all four metrics in positive territory with the amount raised up 14% to £175.8m.
Looking at the market over the last quarter, there were slight falls in the residential sector but notable increases in the commercial sector, including a 19% increase in the total raised and gains of 6.1% and 7.2% in lots offered and lots sold respectively.
“It will be interesting to see how the numbers for October fare given the political turmoil we have just been through,” said David Sandeman, head of EIG, which maintains 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.
|
|||||||||||||
National Auction Analysis
Overall
N.B. Figures in brackets denote the comparative period last year
| September 2022 | July 2022 to September 2022 | October 2021 to September 2022 | ||||
|---|---|---|---|---|---|---|
| Lots Offered | 2,995 (2,943) | ▲ 1.8% | 6,323 (6,409) | ▼ 1.3% | 24,181 (25,121) | ▼ 3.7% |
| Lots Sold | 2,259 (2,299) | ▼ 1.7% | 4,759 (5,014) | ▼ 5.1% | 18,824 (19,763) | ▼ 4.8% |
| Percent Sold | 75.4% (78.1%) | ▼ 3.5% | 75.3% (78.2%) | ▼ 3.7% | 77.8% (78.7%) | ▼ 1.1% |
| Total Raised | £535.0M (£539.5M) | ▼ 0.8% | £1,131.7M (£1,111.8M) | ▲ 1.8% | £4,253.5M (£4,089.5M) | ▲ 4.0% |
Residential
N.B. Figures in brackets denote the comparative period last year
| September 2022 | July 2022 to September 2022 | October 2021 to September 2022 | ||||
|---|---|---|---|---|---|---|
| Lots Offered | 2,522 (2,498) | ▲ 1.0% | 5,388 (5,528) | ▼ 2.5% | 20,612 (22,067) | ▼ 6.6% |
| Lots Sold | 1,890 (1,959) | ▼ 3.5% | 4,048 (4,351) | ▼ 7.0% | 16,095 (17,349) | ▼ 7.2% |
| Percent Sold | 74.9% (78.4%) | ▼ 4.5% | 75.1% (78.7%) | ▼ 4.6% | 78.1% (78.6%) | ▼ 0.6% |
| Total Raised | £359.2M (£385.3M) | ▼ 6.8% | £790.5M (£825.0M) | ▼ 4.2% | £3,170.8M (£3,110.0M) | ▲ 2.0% |
Commercial
N.B. Figures in brackets denote the comparative period last year
| September 2022 | July 2022 to September 2022 | October 2021 to September 2022 | ||||
|---|---|---|---|---|---|---|
| Lots Offered | 473 (445) | ▲ 6.3% | 935 (881) | ▲ 6.1% | 3,569 (3,054) | ▲ 16.9% |
| Lots Sold | 369 (340) | ▲ 8.5% | 711 (663) | ▲ 7.2% | 2,729 (2,414) | ▲ 13.0% |
| Percent Sold | 78.0% (76.4%) | ▲ 2.1% | 76.0% (75.3%) | ▲ 0.9% | 76.5% (79.0%) | ▼ 3.2% |
| Total Raised | £175.8M (£154.2M) | ▲ 14.0% | £341.2M (£286.8M) | ▲ 19.0% | £1,082.7M (£979.6M) | ▲ 10.5% |
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)
| July 2022 to September 2022 | Total | Residential | Commercial | |||
|---|---|---|---|---|---|---|
| Lots Offered | 253 (259) | ▼ 2.3% | 209 (215) | ▼ 2.8% | 44 (44) | ▼ 0.0% |
| Lots Sold | 188 (213) | ▼ 11.7% | 154 (176) | ▼ 12.5% | 34 (37) | ▼ 8.1% |
| Percent Sold | 74.3% (82.2%) | ▼ 9.6% | 73.7% (81.9%) | ▼ 10.0% | 77.3% (84.1%) | ▼ 8.1% |
| Total Raised | £39.7M (£44.8M) | ▼ 11.4% | £28.0M (£29.1M) | ▼ 3.7% | £11.7M (£15.8M) | ▼ 25.6% |
East Midlands
(Includes Derbyshire, Leicestershire, Lincolnshire, Northamptonshire, Nottinghamshire, Rutland)
| July 2022 to September 2022 | Total | Residential | Commercial | |||
|---|---|---|---|---|---|---|
| Lots Offered | 470 (466) | ▲ 0.9% | 402 (424) | ▼ 5.2% | 68 (42) | ▲ 61.9% |
| Lots Sold | 374 (373) | ▲ 0.3% | 313 (336) | ▼ 6.8% | 61 (37) | ▲ 64.9% |
| Percent Sold | 79.6% (80.0%) | ▼ 0.5% | 77.9% (79.2%) | ▼ 1.6% | 89.7% (88.1%) | ▲ 1.8% |
| Total Raised | £69.4M (£65.0M) | ▲ 6.7% | £46.5M (£49.7M) | ▼ 6.4% | £22.9M (£15.4M) | ▲ 48.8% |
London
| July 2022 to September 2022 | Total | Residential | Commercial | |||
|---|---|---|---|---|---|---|
| Lots Offered | 545 (574) | ▼ 5.1% | 480 (541) | ▼ 11.3% | 65 (33) | ▲ 97.0% |
| Lots Sold | 418 (428) | ▼ 2.3% | 360 (405) | ▼ 11.1% | 58 (23) | ▲ 152.2% |
| Percent Sold | 76.7% (74.6%) | ▲ 2.8% | 75.0% (74.9%) | ▲ 0.1% | 89.2% (69.7%) | ▲ 28.0% |
| Total Raised | £227.8M (£205.3M) | ▲ 11.0% | £158.2M (£184.2M) | ▼ 14.1% | £69.6M (£21.2M) | ▲ 228.9% |
North-East
(Includes Cleveland, County Durham, Northumberland, Tyne and Wear)
| July 2022 to September 2022 | Total | Residential | Commercial | |||
|---|---|---|---|---|---|---|
| Lots Offered | 429 (361) | ▲ 18.8% | 392 (332) | ▲ 18.1% | 37 (29) | ▲ 27.6% |
| Lots Sold | 295 (282) | ▲ 4.6% | 263 (260) | ▲ 1.2% | 32 (22) | ▲ 45.5% |
| Percent Sold | 68.8% (78.1%) | ▼ 11.9% | 67.1% (78.3%) | ▼ 14.3% | 86.5% (75.9%) | ▲ 14.0% |
| Total Raised | £29.6M (£30.4M) | ▼ 2.4% | £20.3M (£19.3M) | ▲ 5.1% | £9.3M (£11.1M) | ▼ 15.5% |
North-West
(Includes Cheshire, Cumbria, Isle of Man, Lancashire, Merseyside)
| July 2022 to September 2022 | Total | Residential | Commercial | |||
|---|---|---|---|---|---|---|
| Lots Offered | 1,057 (1,148) | ▼ 7.9% | 920 (1,028) | ▼ 10.5% | 137 (120) | ▲ 14.2% |
| Lots Sold | 750 (844) | ▼ 11.1% | 667 (763) | ▼ 12.6% | 83 (81) | ▲ 2.5% |
| Percent Sold | 71.0% (73.5%) | ▼ 3.4% | 72.5% (74.2%) | ▼ 2.3% | 60.6% (67.5%) | ▼ 10.2% |
| Total Raised | £99.3M (£109.6M) | ▼ 9.4% | £75.4M (£89.1M) | ▼ 15.4% | £23.9M (£20.5M) | ▲ 16.7% |
North-West Home Counties
(Includes Bedfordshire, Berkshire, Buckinghamshire, Hertfordshire, Middlesex, Oxfordshire)
| July 2022 to September 2022 | Total | Residential | Commercial | |||
|---|---|---|---|---|---|---|
| Lots Offered | 374 (353) | ▲ 5.9% | 329 (308) | ▲ 6.8% | 45 (45) | ▼ 0.0% |
| Lots Sold | 310 (282) | ▲ 9.9% | 271 (248) | ▲ 9.3% | 39 (34) | ▲ 14.7% |
| Percent Sold | 82.9% (79.9%) | ▲ 3.8% | 82.4% (80.5%) | ▲ 2.4% | 86.7% (75.6%) | ▲ 14.7% |
| Total Raised | £116.4M (£89.6M) | ▲ 30.0% | £89.3M (£63.5M) | ▲ 40.6% | £27.0M (£26.0M) | ▲ 3.9% |
Northern Ireland
| July 2022 to September 2022 | Total | Residential | Commercial | |||
|---|---|---|---|---|---|---|
| Lots Offered | 1 (2) | ▼ 50.0% | 1 (2) | ▼ 50.0% | 0 (0) | ▼ n/a |
| Lots Sold | 1 (2) | ▼ 50.0% | 1 (2) | ▼ 50.0% | 0 (0) | ▼ n/a |
| Percent Sold | 100.0% (100.0%) | ▼ 0.0% | 100.0% (100.0%) | ▼ 0.0% | 0.0% (0.0%) | ▼ n/a |
| Total Raised | £0.1M (£0.2M) | ▼ 49.6% | £0.1M (£0.2M) | ▼ 49.6% | £0.0M (£0.0M) | ▼ n/a |
Scotland
| July 2022 to September 2022 | Total | Residential | Commercial | |||
|---|---|---|---|---|---|---|
| Lots Offered | 74 (40) | ▲ 85.0% | 44 (21) | ▲ 109.5% | 30 (19) | ▲ 57.9% |
| Lots Sold | 56 (32) | ▲ 75.0% | 40 (14) | ▲ 185.7% | 16 (18) | ▼ 11.1% |
| Percent Sold | 75.7% (80.0%) | ▼ 5.4% | 90.9% (66.7%) | ▲ 36.3% | 53.3% (94.7%) | ▼ 43.7% |
| Total Raised | £8.6M (£13.2M) | ▼ 35.1% | £2.9M (£0.6M) | ▲ 361.3% | £5.7M (£12.6M) | ▼ 54.9% |
South-East Home Counties
(Includes East Sussex, Essex, Hampshire, Isle of Wight, Kent, Surrey, West Sussex, Channel Islands)
| July 2022 to September 2022 | Total | Residential | Commercial | |||
|---|---|---|---|---|---|---|
| Lots Offered | 1,025 (1,056) | ▼ 2.9% | 883 (867) | ▲ 1.8% | 142 (189) | ▼ 24.9% |
| Lots Sold | 776 (807) | ▼ 3.8% | 670 (687) | ▼ 2.5% | 106 (120) | ▼ 11.7% |
| Percent Sold | 75.7% (76.4%) | ▼ 0.9% | 75.9% (79.2%) | ▼ 4.2% | 74.6% (63.5%) | ▲ 17.5% |
| Total Raised | £222.8M (£213.5M) | ▲ 4.3% | £165.4M (£152.8M) | ▲ 8.3% | £57.5M (£60.8M) | ▼ 5.5% |
South-West
(Includes Avon, Cornwall, Devon, Dorset, Gloucestershire, Somerset, Wiltshire, Isles of Scilly)
| July 2022 to September 2022 | Total | Residential | Commercial | |||
|---|---|---|---|---|---|---|
| Lots Offered | 516 (522) | ▼ 1.1% | 411 (406) | ▲ 1.2% | 105 (116) | ▼ 9.5% |
| Lots Sold | 406 (437) | ▼ 7.1% | 327 (342) | ▼ 4.4% | 79 (95) | ▼ 16.8% |
| Percent Sold | 78.7% (83.7%) | ▼ 6.0% | 79.6% (84.2%) | ▼ 5.5% | 75.2% (81.9%) | ▼ 8.2% |
| Total Raised | £98.5M (£116.7M) | ▼ 15.6% | £74.1M (£83.6M) | ▼ 11.4% | £24.4M (£33.1M) | ▼ 26.2% |
Wales
| July 2022 to September 2022 | Total | Residential | Commercial | |||
|---|---|---|---|---|---|---|
| Lots Offered | 377 (416) | ▼ 9.4% | 306 (326) | ▼ 6.1% | 71 (90) | ▼ 21.1% |
| Lots Sold | 258 (318) | ▼ 18.9% | 206 (245) | ▼ 15.9% | 52 (73) | ▼ 28.8% |
| Percent Sold | 68.4% (76.4%) | ▼ 10.5% | 67.3% (75.2%) | ▼ 10.5% | 73.2% (81.1%) | ▼ 9.7% |
| Total Raised | £35.6M (£50.2M) | ▼ 28.9% | £24.3M (£30.7M) | ▼ 20.9% | £11.4M (£19.5M) | ▼ 41.5% |
West Midlands
(Includes Herefordshire, Shropshire, Staffordshire, Warwickshire, West Midlands, Worcestershire)
| July 2022 to September 2022 | Total | Residential | Commercial | |||
|---|---|---|---|---|---|---|
| Lots Offered | 679 (735) | ▼ 7.6% | 567 (645) | ▼ 12.1% | 112 (90) | ▲ 24.4% |
| Lots Sold | 533 (608) | ▼ 12.3% | 441 (535) | ▼ 17.6% | 92 (73) | ▲ 26.0% |
| Percent Sold | 78.5% (82.7%) | ▼ 5.1% | 77.8% (82.9%) | ▼ 6.2% | 82.1% (81.1%) | ▲ 1.2% |
| Total Raised | £110.5M (£111.2M) | ▼ 0.6% | £67.8M (£83.1M) | ▼ 18.4% | £42.8M (£28.1M) | ▲ 52.0% |
Yorkshire and The Humber
(Includes North Humberside, North Yorkshire, South Humberside, South Yorkshire, West Yorkshire)
| July 2022 to September 2022 | Total | Residential | Commercial | |||
|---|---|---|---|---|---|---|
| Lots Offered | 523 (477) | ▲ 9.6% | 444 (413) | ▲ 7.5% | 79 (64) | ▲ 23.4% |
| Lots Sold | 394 (388) | ▲ 1.5% | 335 (338) | ▼ 0.9% | 59 (50) | ▲ 18.0% |
| Percent Sold | 75.3% (81.3%) | ▼ 7.4% | 75.5% (81.8%) | ▼ 7.7% | 74.7% (78.1%) | ▼ 4.4% |
| Total Raised | £73.3M (£62.1M) | ▲ 18.0% | £38.3M (£39.3M) | ▼ 2.6% | £34.9M (£22.8M) | ▲ 53.5% |
Comments are closed.