Auction Property Market Update August 2010
Skip to Headline Statistics or Useful Resources
August's property market auction shows slightly suprising results for August. Although it's a typically quiet month (even property buyers go on holiday!) having seen quite a few lots come through in September, the number for August shows a disctinctive lack of activity at every level.
Month on month, money raised at auction was only £21mn versus £48mn the year before. Only 58% of lots offered were sold in August, this is exacerbated by a fall in the number of lots 42% from 600 properties to 300, of which only 200 were sold in August 2010 versus 400 in August 2009.
The quarterly measures are normally a better indicator, and are only down financially by 14%, lots sold down 16% and the number of lots offered were only 4% down, showing a better peformance than just looking at August. However it still shows that the market has slowed significantly and this is a real lead indicator of what happens in the standard buying/selling market.
For more information READ MORE in Property Investment Update
READ MORE in the latest RAPID INVESTMENT UPDATE and with EIGROUP's 2010 half year 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 | Aug 10 | Jun-Aug 10 | Jun-Aug 09 | YoY +/- |
Lots Offered | 349 | 5,415 | 5,637 | -3.9% |
Lots Sold | 203 | 3,447 | 4,102 | -16.0% |
Percentage Sold | 58.2% | 63.7% | 72.8% | -12.5% |
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
