We have seen a further reduction in the number of receivership disposals, accounting for 9.8% of our 2014 sales compared to 21.5% in 2013. However, the value of those sales was identical, reflecting an increase in the average receivership lot size to £736,000 from £401,000.
Property Companies continue to dominate as vendors and at £306.5m now account for 59% of our total sales. Other notable changes were the value of Private Investor and Institutional sales, which have grown by 40% and 138% respectively.
Corporate vendors (via sale and leaseback), while making up a relatively small percentage of the whole, continue to be very successful, delivering a popular product to buyers.