Record month for UK’s auction market

December saw the highest ever number of lots offered and sold during the last month of the year, beating the previous highs recorded in 2007

After a pretty poor run of it in 2016, the UK’s auction market picked up considerably in December, recording the highest ever number of lots offered and sold during the last month of the year.

The overall tally of lots offered in December was up by over 12% on an annual basis, from 3,336 to 3,745, according to auction analysts EIG, whilst lots sold increased by 9%, from 2,591 to 2,830. The previous highs were recorded in December 2007 (3,529 lots offered) and December 2013 (2,675 lots sold).

The amount raised also saw a sizeable increase – up 5% to £537m, the highest December total for a decade.

Resi lots offered were up by almost 12% and pushed the Q4 total ahead of 2015, from 7,246 in Q4 2015 to 7,351 in Q4 2016. Annually, the total was up 4.2%.

eigpropertyauctions.co.uk