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Market Conditions and Trends David Sandeman Managing Director, Essential Information Group.

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Presentation on theme: "Market Conditions and Trends David Sandeman Managing Director, Essential Information Group."— Presentation transcript:

1 Market Conditions and Trends David Sandeman Managing Director, Essential Information Group

2 Auction Market – Last 10 Years Yearly period 1 st September – 31st August

3 Auction Sale Rates – Last 10 Years Yearly period 1 st September – 31st August

4 Volume of Residential Lots Sold by Price Band Yearly period 1 st September – 31st August

5 Growth of Conditional Sales The rest of the UK offered 62 conditional lots in the last 4 years

6 Average Sale Price over Guide for Vacant Flats or Houses Guide Price Methodology For £50,000-£60,000 we use £60,000 and for £50,000 + we use £55,000 (adding 10%)

7 20 Years Ago… Fax machines were the main source of communication...

8 Changing in-step with Internet

9 Internet Explodes 1995/6Launched one of the first property websiteswww.eigroup.co.uk 1998Salevision service launched to allow internet viewers to view auctions and bid on line 1999Hosted first website for an Auctioneer 2006Launched 'Passport Service' to host legal documents for auctioneers. Now used by 65% of all lots going to auction 2011Enabled live streaming of the auction via the internet, sound and vision 2012Launched DMS. A 'web to print to web' solution for simultaneously creating catalogues and webpages 2014Launched Online Auctions (eBay style)

10 Internet, technology & devices Where do YOU want to be? Siri

11 How we are working with Auctioneers Online Legal Documents Data Management System (DMS) Online Auctions Online Bidding

12 Data Management System

13 Adding a lot is easy…

14 Power your Website, PDF & Portals

15 Online Auctions

16 Online Bidding

17 Thank You David Sandeman Questions and Comments?


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