The proportion of distressed residential lots offered by Allsop in 2014 fell to 28.4% down 19% from over a third of all lots in 2013. Although consistent with an improving economic climate, this is not as large a fall as we were expecting. The weight of this distressed stock was sold in Q1 and Q2. Fewer lots towards the end of the year were lender initiated. We expect this trend to continue into 2015.
The largest proportion of lots (709 and 38%) was sold by property companies, roughly the same as in 2013 (37%). The total value was £190m. Offerings by private sellers rose slightly from 13% to 15.5%. Public sector sales have increased from 4% to 7.4% of the total.