The proportion of distressed stock offered at our sales has fallen from around a quarter in 2015 to 16% in 2016. This is consistent with a healthier economic climate and a sustained low interest rate environment.
Over 41% of lots were contributed by property companies, by far the most prominent vendor class, realising almost £216m in sales revenue – almost half the total for the year. The private investor continued to contribute a quarter of all lots to the sales. With a third of sales coming from these sources, it is apparent that confidence in property trading, and auctions in particular, remained robust.