The latest auctions data covering the 12 months to April suggests that property values are rising.
The overall rolling year figures to the end of April show a 6% increase in the number of lots sold to 19,474. However, the amount raised rose much more sharply: it is up by 20% to £4.3bn, suggesting the hike in values.
The monthly total for April was up by 14% year-on-year, from £261m to £298m.
EIG said the vast majority of this was in the residential sector, as no major commercial auctions took place in April.
Of the 13 regions covered, three saw the year-on-year quarterly revenues climb by more than 20%. They were: the South West (+25%), Wales (+21%), and Yorkshire and Humberside (+35%).
EIG managing director David Sandeman said: “The growth of the market that we have been seeing for the past 12 months is again reflected in this month’s figures. Of the 36 metrics we cover, 25 were upward, and 11 were downward.”
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