Auction House Birmingham and Black Country are pleased to announce that their property auction catalogue for their next auction on 6th of June 2013 is now available for download.
The venue is Banks’s stadium, Walsall Football Club, Bescot Crescent, Walsall, WS1 4SA
Start time 6 pm (18:00 hours) Continue reading Auction Catalogue Download – Birmingham and Black Country
McHugh & Co. auctioneers are pleased to announce that their property auction catalogue for their May 2013 auction is now available for download.
The auction will be held at BAFTA, 195 Piccadilly, London W1J 9LN on Wednesday 1st May 2013 starting at 12.00 noon prompt.
To download the auction catalogue please complete the short form below. Continue reading McHugh & Co Auction – May 2013
Pearsons auctioneers are pleased to announce that their property auction catalogue for their May auction is now available for download.
The auction will be held at Hambledon Suite, The Solent Hotel, Whiteley, Fareham, pO15 7AJ
(just off junction 9 of the M 27) on Wednesday 1st May 2013 starting at 11am prompt
To download the auction catalogue please complete the short form below. Continue reading Pearsons Auction Catalogue May 2013.pdf
W A Barnes auctioneers in Nottinghamshire are pleased to announce that their property auction catalogue for their May auction is now available for download.
The auction will be held at The Towers, Botany Avenue, Mansfield, Notts NG18 5NG on 16th May 2013 starting at 3pm prompt
To download the auction catalogue please complete the short form below. Continue reading W A Barnes Auction 16 May 2013
Strakers property auctioneers in Wiltshire are pleased to announce that their property auction catalogue for their April auctions are now available for download.
16 April 2013 at The Steam Museum, Fire Fly Avenue, Swindon starting at 7pm (19:00 hours)
18 April 2013 at The Corn Exchange, Market Place, Devizes starting at 7pm (19:00 hours)
A
uction House Devon and Cornwall are pleased to announce that their property auction catalogue for their next auction on 11thApril 2013 is now available for download.
The venue is Lewtrenchard Manor, Lewdowen, Okehampton, Devon EX20 4PN
Start time 2 pm (14:00 hours)
HEB Chartered Surveyors are pleased to announce that their property auction catalogue for their next auction on 17th April 2013 is now available for download.
The venue is The Gateway Hotel, Nuthall Road, Cinderhill, Nottingham NG8 6AZ
Start time 2:30 pm (14:30 hours)
Property auction results record 6-year highs in February with total sales of £445,455,076
David Sandeman Managing Director of EIG reports that the overall market figures are positive, with increases made in almost every parameter across both residential and commercial sectors.
A noticable highlight is that 3,083 lots sold last month marking a rise of over 8% on February 2012, and significantly this stands as the largest volume recorded in February since 2007. The amount raised also made considerable gains in both the monthly and rolling quarterly figures – up 8.6% and 11.2% respectively, and equally these are at levels not seen since the height of the property boom some 5 to 6 years ago.
National Auction Analysis
In the residential sector the market continues to demonstrate positive growth, particularly in auction sales and receipts. The soaring sale rate of 79% indicates a confident and competitive marketplace, with an increasing demand for keenly priced lots from cash-ready buyers.
The commercial market also continues to gain strength, with increases made in all 8 of the metrics that are measured in the monthly and quarterly figures, 6 of which are double-digit rises. For February alone lots offered was up over 16%, lots sold up 23% and amount raised up 17% , and you have to look all the way back to February 2008 to find this level of commercial market activity.
|
Last Month |
Last Year |
|||||
| February 2013 | February 2012 | Increase | March 2012 – February 2013 | March 2011 – February 2012 | Increase | |
| Lots Offered |
3,965 |
3,923 |
1.1% |
34,118 |
32,991 |
3.4% |
| Lots Sold |
3,086 |
2,852 |
8.2% |
25,641 |
24,402 |
5.1% |
| Percent Sold |
77.8% |
72.7% |
7.0% |
75.2% |
74% |
1.6% |
| Total Raised |
£445,455,076 |
£409,897,643 |
8.7% |
£3,501,273,334 |
£3,343,556,853 |
4.7% |
|
Last Month |
Last Year |
|||||
| February 2013 | February 2012 | Increase | March 2012 – February 2013 | March 2011 – February 2012 | Increase | |
| Lots Offered |
3,135 |
3,212 |
-2.4% |
27,753 |
26,443 |
5.0% |
| Lots Sold |
2,480 |
2,361 |
5.0% |
20,932 |
19,606 |
6.8% |
| Percent Sold |
79.1% |
73.5% |
7.6% |
75.4% |
74.1% |
1.8% |
| Total Raised |
£309,334,000 |
£293,820,404 |
5.3% |
£2,479,247,174 |
£2,289,558,674 |
8.3% |
|
Last Month |
Last Year |
|||||
| February 2013 | February 2012 | Increase | March 2012 – February 2013 | March 2011 – February 2012 | Increase | |
| Lots Offered |
830 |
711 |
16.7% |
6,365 |
6,548 |
-2.8% |
| Lots Sold |
606 |
491 |
23.4% |
4,709 |
4,796 |
-1.8% |
| Percent Sold |
73% |
69.1% |
5.6% |
74% |
73.2% |
1.1% |
| Total Raised |
£136,121,076 |
£116,077,239 |
17.3% |
£1,022,026,160 |
£1,053,998,179 |
-3.0% |
You are welcome to use the Property Auction Search tool we have developed in conjunction with EIG – the Essential Information Group.
Regional Auction Analysis
| As is usually the case, variations across all the measurable parameters can be seen across the regions. |
|
Total |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
228 |
191 |
19.4% |
| Lots Sold |
181 |
143 |
26.6% |
| Percent Sold |
79.4% |
74.9% |
6.0% |
| Total Raised |
£28,438,745 |
£16,717,500 |
70.1% |
|
Residential |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
189 |
145 |
30.3% |
| Lots Sold |
148 |
111 |
33.3% |
| Percent Sold |
78.3% |
76.6% |
2.2% |
| Total Raised |
£17,701,245 |
£11,440,500 |
54.7% |
|
Commercial |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
39 |
46 |
-15.2% |
| Lots Sold |
33 |
32 |
3.1% |
| Percent Sold |
84.6% |
69.6% |
21.6% |
| Total Raised |
£10,737,500 |
£5,277,000 |
103.5% |
|
Total |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
628 |
546 |
15.0% |
| Lots Sold |
484 |
414 |
16.9% |
| Percent Sold |
77.1% |
75.8% |
1.7% |
| Total Raised |
£52,045,250 |
£43,571,453 |
19.4% |
|
Residential |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
528 |
448 |
17.9% |
| Lots Sold |
411 |
349 |
17.8% |
| Percent Sold |
77.8% |
77.9% |
-0.1% |
| Total Raised |
£35,478,000 |
£28,978,153 |
22.4% |
|
Commercial |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
100 |
98 |
2.0% |
| Lots Sold |
73 |
65 |
12.3% |
| Percent Sold |
73% |
66.3% |
10.1% |
| Total Raised |
£16,567,250 |
£14,593,300 |
13.5% |
|
Total |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
815 |
780 |
4.5% |
| Lots Sold |
706 |
650 |
8.6% |
| Percent Sold |
86.6% |
83.3% |
4.0% |
| Total Raised |
£238,359,008 |
£203,794,750 |
17.0% |
|
Residential |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
722 |
677 |
6.6% |
| Lots Sold |
632 |
572 |
10.5% |
| Percent Sold |
87.5% |
84.5% |
3.6% |
| Total Raised |
£196,284,008 |
£167,254,750 |
17.4% |
|
Commercial |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
93 |
103 |
-9.7% |
| Lots Sold |
74 |
78 |
-5.1% |
| Percent Sold |
79.6% |
75.7% |
5.2% |
| Total Raised |
£42,075,000 |
£36,540,000 |
15.1% |
|
Total |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
922 |
755 |
22.1% |
| Lots Sold |
683 |
566 |
20.7% |
| Percent Sold |
74.1% |
75% |
-1.2% |
| Total Raised |
£50,960,820 |
£47,764,044 |
6.7% |
|
Residential |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
853 |
693 |
23.1% |
| Lots Sold |
641 |
524 |
22.3% |
| Percent Sold |
75.1% |
75.6% |
-0.7% |
| Total Raised |
£45,095,320 |
£40,516,194 |
11.3% |
|
Commercial |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
69 |
62 |
11.3% |
| Lots Sold |
42 |
42 |
0.0% |
| Percent Sold |
60.9% |
67.7% |
-10.0% |
| Total Raised |
£5,865,500 |
£7,247,850 |
-19.1% |
|
Total |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
228 |
140 |
62.9% |
| Lots Sold |
168 |
79 |
112.7% |
| Percent Sold |
73.7% |
56.4% |
30.7% |
| Total Raised |
£7,559,150 |
£4,880,000 |
54.9% |
|
Residential |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
222 |
120 |
85.0% |
| Lots Sold |
165 |
68 |
142.6% |
| Percent Sold |
74.3% |
56.7% |
31.0% |
| Total Raised |
£7,364,150 |
£4,101,500 |
79.5% |
|
Commercial |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
6 |
20 |
-70.0% |
| Lots Sold |
3 |
11 |
-72.7% |
| Percent Sold |
50% |
55% |
-9.1% |
| Total Raised |
£195,000 |
£778,500 |
-75.0% |
|
Total |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
1,424 |
1,751 |
-18.7% |
| Lots Sold |
1,051 |
1,208 |
-13.0% |
| Percent Sold |
73.8% |
69% |
7.0% |
| Total Raised |
£86,586,340 |
£94,450,364 |
-8.3% |
|
Residential |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
1,108 |
1,380 |
-19.7% |
| Lots Sold |
839 |
964 |
-13.0% |
| Percent Sold |
75.7% |
69.9% |
8.3% |
| Total Raised |
£56,527,267 |
£62,661,554 |
-9.8% |
|
Commercial |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
316 |
371 |
-14.8% |
| Lots Sold |
212 |
244 |
-13.1% |
| Percent Sold |
67.1% |
65.8% |
2.0% |
| Total Raised |
£30,059,073 |
£31,788,810 |
-5.4% |
|
Total |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
304 |
293 |
3.8% |
| Lots Sold |
245 |
248 |
-1.2% |
| Percent Sold |
80.6% |
84.6% |
-4.7% |
| Total Raised |
£75,040,090 |
£62,851,600 |
19.4% |
|
Residential |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
222 |
229 |
-3.1% |
| Lots Sold |
176 |
189 |
-6.9% |
| Percent Sold |
79.3% |
82.5% |
-3.9% |
| Total Raised |
£34,903,390 |
£37,093,600 |
-5.9% |
|
Commercial |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
82 |
64 |
28.1% |
| Lots Sold |
69 |
59 |
16.9% |
| Percent Sold |
84.1% |
92.2% |
-8.8% |
| Total Raised |
£40,136,700 |
£25,758,000 |
55.8% |
|
Total |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
240 |
253 |
-5.1% |
| Lots Sold |
111 |
94 |
18.1% |
| Percent Sold |
46.3% |
37.2% |
24.5% |
| Total Raised |
£9,394,500 |
£6,407,655 |
46.6% |
|
Residential |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
186 |
208 |
-10.6% |
| Lots Sold |
80 |
79 |
1.3% |
| Percent Sold |
43% |
38% |
13.2% |
| Total Raised |
£3,989,650 |
£5,185,155 |
-23.1% |
|
Commercial |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
54 |
45 |
20.0% |
| Lots Sold |
31 |
15 |
106.7% |
| Percent Sold |
57.4% |
33.3% |
72.4% |
| Total Raised |
£5,404,850 |
£1,222,500 |
342.1% |
|
Total |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
877 |
860 |
2.0% |
| Lots Sold |
707 |
664 |
6.5% |
| Percent Sold |
80.6% |
77.2% |
4.4% |
| Total Raised |
£134,998,811 |
£135,121,539 |
-0.1% |
|
Residential |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
635 |
693 |
-8.4% |
| Lots Sold |
516 |
538 |
-4.1% |
| Percent Sold |
81.3% |
77.6% |
4.8% |
| Total Raised |
£73,625,311 |
£81,475,639 |
-9.6% |
|
Commercial |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
242 |
167 |
44.9% |
| Lots Sold |
191 |
126 |
51.6% |
| Percent Sold |
78.9% |
75.4% |
4.6% |
| Total Raised |
£61,373,500 |
£53,645,900 |
14.4% |
|
Total |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
402 |
447 |
-10.1% |
| Lots Sold |
296 |
315 |
-6.0% |
| Percent Sold |
73.6% |
70.5% |
4.4% |
| Total Raised |
£43,720,756 |
£45,498,790 |
-3.9% |
|
Residential |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
286 |
349 |
-18.1% |
| Lots Sold |
205 |
240 |
-14.6% |
| Percent Sold |
71.7% |
68.8% |
4.2% |
| Total Raised |
£27,831,700 |
£30,838,351 |
-9.7% |
|
Commercial |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
116 |
98 |
18.4% |
| Lots Sold |
91 |
75 |
21.3% |
| Percent Sold |
78.4% |
76.5% |
2.5% |
| Total Raised |
£15,889,056 |
£14,660,439 |
8.4% |
|
Total |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
412 |
376 |
9.6% |
| Lots Sold |
303 |
277 |
9.4% |
| Percent Sold |
73.5% |
73.7% |
-0.3% |
| Total Raised |
£25,466,900 |
£22,083,244 |
15.3% |
|
Residential |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
271 |
309 |
-12.3% |
| Lots Sold |
197 |
233 |
-15.5% |
| Percent Sold |
72.7% |
75.4% |
-3.6% |
| Total Raised |
£15,611,800 |
£14,613,160 |
6.8% |
|
Commercial |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
141 |
67 |
110.4% |
| Lots Sold |
106 |
44 |
140.9% |
| Percent Sold |
75.2% |
65.7% |
14.5% |
| Total Raised |
£9,855,100 |
£7,470,084 |
31.9% |
|
Total |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
638 |
670 |
-4.8% |
| Lots Sold |
496 |
438 |
13.2% |
| Percent Sold |
77.7% |
65.4% |
18.8% |
| Total Raised |
£59,535,573 |
£43,751,050 |
36.1% |
|
Residential |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
498 |
548 |
-9.1% |
| Lots Sold |
392 |
365 |
7.4% |
| Percent Sold |
78.7% |
66.6% |
18.2% |
| Total Raised |
£36,776,633 |
£30,729,550 |
19.7% |
|
Commercial |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
140 |
122 |
14.8% |
| Lots Sold |
104 |
73 |
42.5% |
| Percent Sold |
74.3% |
59.8% |
24.2% |
| Total Raised |
£22,758,940 |
£13,021,500 |
74.8% |
|
Total |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
749 |
782 |
-4.2% |
| Lots Sold |
564 |
571 |
-1.2% |
| Percent Sold |
75.3% |
73% |
3.2% |
| Total Raised |
£55,805,440 |
£53,142,009 |
5.0% |
|
Residential |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
611 |
649 |
-5.9% |
| Lots Sold |
468 |
473 |
-1.1% |
| Percent Sold |
76.6% |
72.9% |
5.1% |
| Total Raised |
£41,213,690 |
£38,370,434 |
7.4% |
|
Commercial |
|||
| December 2012 – February 2013 | December 2011 – February 2012 | Increase | |
| Lots Offered |
138 |
133 |
3.8% |
| Lots Sold |
96 |
98 |
-2.0% |
| Percent Sold |
69.6% |
73.7% |
-5.6% |
| Total Raised |
£14,591,750 |
£14,771,575 |
-1.2% |
Barnard Marcus are pleased to announce that their property auction catalogue for their next auction on Thursday 14th March 2013 is now available for download.
The venue is The Grand Connaught Rooms, 61 – 65 Queen Street, Covent Garden, London WC2B 5DA
Start time 11am (11:00 hours)
This week 29 pages have been added to Property118.
(Links to the relevant pages are in blue and underlined).
5 Readers Questions Articles and Discussions
3 New Auction Catalogues for you to download
11 New Articles containing News and Reviews:
To keep you up to date and help you to save money, minimise risks and maximise returns
 |
Some good News for Landlords in Scotland at lastI keep in touch with what’s going on in the lives of my fellow landlords North of the border via my friends at the Scottish Association of Landlords… |
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Kent Reliance release new buy to let range for portfolio landlordsBuy-to-let products with no restriction on the size of the landlord’s portfolio. They are available for loans of up to £1m at 85% LTV, and at 75% TV for loans over £1m. |
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Property Portfolio Review Spreadsheet – FREE DownloadThis property portfolio review spreadsheet calculates your rental yields net of voids, the interest rate which will make your portfolio cash neutral and the true costs of rental void periods |
 |
Suffolk Holiday Homes on sale at bargain pricesYou could own one of these 3 bed, brick built, double glazed Suffolk Holiday Homes for personal use or as an investment for just £55,995. That’s not the deposit, it’s the cash price! |
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A Landlords Mid Life CrisisOMG, what have I done to this poor landlord! I wrote an article a while back called 10 things landlords must do before it is too late. |
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Tenants in Scotland missing vital deposit protection informationTenants in Scotland could be missing vital information which can affect the return of their deposits at the end of the tenancy. |
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LANDLORDS – don’t let tenants steal your propertyIs it even possible that tenants could steal a property you might ask! As part of its campaign to stamp out property fraud, the Land Registry has just set up a dedicated phone line. |
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Oxford – Not Hot But Always Warm!I am often asked why Oxford represents such an attractive option for buy to let property investors. |
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Wealth Tax proposed by Lib Dems could affect LandlordsOne of the best forum posts I’ve ever seen on the topic of economics and the proposed new Wealth Tax. |
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Sprightly start to 2013 but ‘old hands’ support the marketRightmove have just released their February 2013 House Price Index which shows a “Sprightly start to 2013” |
 |
Residential Property Inventory Services In A NutshellWhat is an Inventory? To sum it up in simple terms, an inventory is a detailed list using specific phrases to describe the features, items and condition of a property. |
Good Landlords Campaign Click Here to see Sponsors
We would like to welcome the following new sponsors of the Good Landlords Campaign
The closing date to become a founder member of The GOOD Landlords Campaign is fast approaching. It doesn’t matter whether you have one property or you are a full time landlord, we welcome anybody who believes in sharing best practice in the UK Private Rented Sector. That includes letting agents and other associated property professionals…
