NovaLoca Disposals Report 2022
For NovaLoca’s latest disposals report we analysed a total of 41,953 property adverts, comparing properties listed on the 1st of September with those listed on the 1st of December (only including properties from companies that were listing throughout the period). 35 companies have joined us since the 1st of September so we look forward to their listings being included on our next disposals report. Those properties available at the beginning of the period that were no longer listed at the end were counted as ‘disposed of’.
Across all sectors 16.5% of those listed at the beginning of the period had been disposed of by the 1st December (compared to 20.45% in same period last year). 123% of those disposed of were replaced (only 87% were replaced in the same period last year). This is a replacement of 20.3% expressed as a percentage of the original portfolio number compared to 17.8% last year. This seems to show a reverse position of this time last year with now more supply than demand.
Highest number of disposals
The Top 5 companies with the highest number of disposals accounted for 25% of all disposals.
Shepherd Commercial are in first place accounting for 6.8% of disposals, Graham + Sibbald are in 2nd place with 5.5%. For the first time in 4 years JLL have been pushed off first place and are down to 3rd position, accounting for 5% of disposals. Carter Jonas have moved up from 10th place to 4th accounting for 3.9% of all disposals. Ryden are in 5th place with 3.5%.
Top companies by percentage of portfolio disposed of
As before we looked at companies with an initial portfolio of 25 or more available property listings. Our Top 5 disposed of the highest percentage of their initial portfolio. In first place we have Carr & Priddle disposing of over 43% of their portfolio, but more than replacing those disposed of. In close second place is Wareing & Company with 42% of their portfolio disposed of, third place place goes to Wards Commercial with 40%. Berrys (Kettering Office) also have 40% in fourth place and fifth spot goes to George & Company (Surveyors) Ltd, again with 40%.
Many of these companies are bucking the trend & disposing of more than they are replacing and all of them are disposing at above or around double the average rate.
Please note that disposals & new properties are counted at the date the changes are made within the NovaLoca database. Therefore, where companies update their listings less often this could result in higher disposals & new listings being recorded than actually took place during the period. The majority of the companies in our chart below either feed data direct or update regularly, however, to be confident of any specific result we suggest you contact the company directly.
