Summary
In this issue of RAPID we concentrate primarily on the impact of the changing economic circumstances in the UK on the auction market and the composition of residential auction sales catalogues. We also place our findings in the wider context of the UK house market, in particular by reference to Land Registry transactions. Finally, for the first time, we analyse and contrast 12 separate geographical regions, studying yield and price movements.

Highlights of Issue 4

• As the current market continues to weaken, residential auction
  sales rise in the first half of 2008.
  
  
• Distressed lots rise from a low of 245 in Q1 ’05 to 1,513 in
  Q2 ’08. Of all flats offered in Q2 ’08, 38% were distressed.
  
  
• Auction doubles its share of the UK housing market, delivering over
  2.3% of all recorded Land Registry transactions in Q2 ’08.
  
  
• London continues to see the lowest rise in distressed lots.
  
  
• Regulated tenancy yields rise sharply.