Auction Property Market Update May 2010
Skip to Headline Statistics or Useful Resources
Last month's stats suggested a real stalling of the property market from an auction perspective, but this might be a one off as May's figures look much better.
The number of lots offered was up by 23% May 10 versus May 09, although still down by 14% year on year. The percentage sold however was down to quite a low 66% suggesting that lots weren't possibly as well priced as they could of been, or a lack of demand. The good news though is that the amount raised was up by 29% and on a par year on year.
At the moment, as these figures are going up one month and down the next, it's a little difficult to see a trend, apart from the last 12 months performing as well (or as bad!) as the previous 12 months, suggesting that actually the auction market is pretty static over time.
READ MORE in the latest RAPID INVESTMENT UPDATE
REMEMBER: Do your research first and NEVER buy a property at auction without a survey and the legal checks!
Headline Statistics for Residential Auctions
These statistics are provided courtesty of
EIGROUP and are produced in
detail by region.
Quarterly Auction Headlines | May 10 | Mar-May 10 | Mar-May 09 | YoY +/- |
Lots Offered | 2,102 | 6,297 | 5,768 | 9.2% |
Lots Sold | 1,298 | 4,124 | 4,114 | 0.2% |
Percentage Sold | 66.5% | 65.5% | 71.3% | -8.1% |
Useful Resources
EIGROUP SAVILLSFor more market commentary on a national or local level:-
Contact Kate Faulkner on 07974 750562 or 0845 838 1763. To read more about Kate, please visit
ABOUT US, see
Kate on video and for media appearances, contact:
Sylvia Tidy-Harris
STH Management Tel +44 (0) 1530 263221
Mob +44 (0) 7970 646872
