Haringey Property Market Impacted By Brexit and Stamp Duty Hike, Declines By 9% in 2016

Story Highlights

  • Haringey had total Property Sales of £1.68 billions in 2016
  • The total number of properties sold in year 2016 was 2761.
  • The Average property price was £607 K in Haringey, while Median was was £446 K.
  • Not New Property Contributed 93.35% and New Property 6.65% by sales value.
  • Stamp duty hike caused monthly spike in March.
  • Brexit coupled with Stamp duty hike caused total sales to decline by 9% in 2016.

 

Haringey is one of the Boroughs of North London. It had total Property Sales of £1.68 billions which was 25.38% of North London Property Market 2016.

 

Total Sales By Property Type

Haringey 2016 - Total Sales By Property Type

 

The split of £1.68 billions across the different property types are:

  • Flat/Maisonette £651 millions (38.87%)
  • Terraced £625 millions (37.29%)
  • Other £143 millions (8.54%)
  • Semi-Detached £138 millions (8.23%)
  • Detached £118 millions (7.07%)

Year on Year Comparison : Compared to Haringey Property Market 2015  in 2016

  • Haringey as a whole had property sales decrease of 9.2%
  • All property types had decrease in total property sales compared to 2015

 

 

Haringey Property Market at Postcode level

Postcode 

 Coverage Area         

 Local Authority Area
N2

East Finchley, Fortis Green, Hampstead Garden Suburb (part)

Barnet, Haringey
N4

Finsbury Park, Manor House, Harringay (part), Stroud Green (part)

Haringey, Islington, Hackney
N6

Highgate, Hampstead Heath (part)

Camden, Haringey, Islington
N8

Hornsey, Crouch End, Harringay (part)

Haringey, Islington
N10

Muswell Hill

Haringey, Barnet
N11

New Southgate, Friern Barnet, Bounds Green, Arnos Grove (part)

Enfield, Barnet, Haringey
N13 Palmers Green Enfield, Haringey
N15

South Tottenham, Harringay (part), West Green, Seven Sisters, Stamford Hill (part)

Hackney, Haringey
N17

Tottenham, Wood Green (part)

Haringey
N18

Upper Edmonton, Edmonton (part)

Enfield, Haringey
N22

Wood Green, Bounds Green (part), Bowes Park

Haringey, Enfield

For property market details at post code level please click on Postcode in the table above.

 

 

Month-wise Break-up of Total Sales
Haringey 2016 - Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

  1. March had property sale spike of £295 millions compared to £123 millions in Feb 
  2. The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016

Brexit Impact

  1. Brexit took place on 23rd June 2016.
  2. As can be observed from the month-wise break-up there does seem to have been some dip in property sales in the immediate aftermath of Brexit 
  3. Year on Year property market for Haringey has shown a decline of 9.2% over 2015

 

 

Total No Of Properties Sold By Property Type
Haringey 2016 - Total No Of Properties Sold By Property Type

In Haringey the total number of properties sold in year 2016 was 2761. The breakdown by different property types are:

  • Terraced 865 (31.33%)
  • Semi-Detached 122 (4.42%)
  • Other 138 (5%)
  • Flat/Maisonette 1598 (57.88%)
  • Detached 38 (1.38%)

Year on Year Comparison : Compared to Haringey Property Market 2015 in 2016

  • Total number of property sales in Haringey has declined by 9.4%
  • All property types have shown decline in number of properties sold except property type Other
  • Other has shown significant growth of 70.4%

 

 

Average & Median Sales Price
Haringey 2016 - Average & Median Sales Price

 

In 2016 the Average property price was £607 K in Haringey. The average price for the different property types are:

  • Detached £3.12 millions
  • Flat/Maisonette £408 K
  • Other £1.04 millions
  • Semi-Detached £1.13 millions
  • Terraced £722 K

The Median Price was £446 K. The median property price for the different property types are:

  • Detached £2.1 millions
  • Flat/Maisonette £377 K
  • Other £365 K
  • Semi-Detached £1 millions
  • Terraced £595 K

 Year on Year Comparison : Compared to  Haringey Property Market 2015

  • The average and median sales price across all property types have gone up except for others
  • Others have shown sharp decline in average and median sales price

 

 

 

New Vs Not New Property Statistics

Haringey 2016 - New Vs Not New Property Statistics

By Value Of Sales

  • Not New Property contributed £1.56 billion (93.35%)
  • New Property £111 millions (6.65%)

 By Number Of Sales

  • The number of Not New Property sold was 2483 (89.93%)
  • The number of New Property sold was 278 (10.07%)

Year on Year Comparison : Compared to Haringey Property Market 2015  in 2016

  • New property market share in property market has gone up in 2016 over 2015

 

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Enfield Property Market Impacted By Stamp Duty Hike and Brexit, Declines by 5.6% in 2016

Story Highlights

  • Enfield had total Property Sales of £1.67 billions in 2016
  • The total number of properties sold in year 2016 was 3611
  • The Average property price was £464 K in Enfield, while Median was £375 K
  • Not New Property contributed 95.93% and New Property 4.07% by sales value
  • Stamp duty hike caused monthly spike in March
  • Brexit coupled with Stamp duty hike caused decline in total sales value of  5.6%

 

Enfiled is one of the Boroughs of North London. It had total Property Sales of  £1.67 billions which was 25.36 % of North London Property Market 2016.

 

Total Sales By Property Type
Enfield 2016 - Total Sales By Property Type

 

The split of £1.67 billions across the different property types are:

  • Terraced £579 millions (34.6%)
  • Flat/Maisonette £430 millions (25.71%)
  • Semi-Detached £335 millions (20.03%)
  • Detached £179 millions (10.72%)
  • Other £150 millions (8.93%)

Year on Year Comparison : Compared to Enfield Property Market 2015  in 2016

  • All the property types have shown decline in sales except Terraced
  • Terraced properties have shown negligible growth of 0.34%

 

 

Enfield Property Market at Postcode level

Postcode 

 Coverage Area         

 Local Authority Area
EN1

Bush Hill Park; eastern parts of Bulls Cross, Enfield Town, Forty Hill, outskirts of Lower Edmonton

Enfield
EN2

Botany Bay, Clay Hill, Crews Hill; western parts of Bulls Cross, Enfield Chase, Enfield Town, Forty Hill, Gordon Hill

Enfield
EN3

Enfield Highway, Enfield Island Village, Enfield Lock, Enfield Wash, Ponders End

Enfield
EN4

Hadley Wood, Cockfosters, East Barnet, New Barnet

Barnet, Enfield
EN7

Cheshunt, Goffs Oak, Some parts of Enfield

Broxbourne, Enfield
EN8

Waltham Cross, Cheshunt, Some parts of Enfield

Broxbourne, Enfield
N9

Lower Edmonton, Edmonton (part)

Enfield
N11

New Southgate, Friern Barnet, Bounds Green, Arnos Grove (part)

Enfield, Barnet, Haringey
N13

Palmers Green

Enfield
N14

Southgate, Oakwood, Arnos Grove (part)

Enfield, Barnet
N18

Upper Edmonton, Edmonton (part)

Enfield
N21

Winchmore Hill, Bush Hill, Grange Park

Enfield
N22

Wood Green, Bounds Green (part), Bowes Park

Haringey, Enfield

For property market details at post code level please click on Postcode in the table above.

 

 

Month-wise Break-up of Total Sales
Enfield 2016 - Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

  1. March had property sale spike of £290 millions compared to £121 millions in Feb 
  2. The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016

Brexit Impact

  1. Brexit took place on 23rd June 2016.
  2. As can be observed from the month-wise break-up there does not seem to have been dip in property sales in the immediate aftermath of Brexit 
  3. Year on Year the property market for Enfield has shown a decline of 5.65% over 2015

 

 

Total No Of Properties Sold By Property Type

Enfield 2016 - Total No Of Properties Sold By Property Type

In Enfield the total number of properties sold in year 2016 was 3611. The breakdown by different property types are:

  • Terraced 1357 (37.58%)
  • Semi-Detached 562 (15.56%)
  • Other 108 (2.99%)
  • Flat/Maisonette 1419 (39.3%)
  • Detached 165 (4.57%)

Year on Year Comparison : Compared to Enfield Property Market 2015 in 2016

  • Total number of property sales in Enfield  has declined by 13.38%
  • All property types have shown decline in number of properties sold except property type Other, Detached
  • Other has shown significant increase of 68.75%

 

 

Average & Median Sales Price

Enfield 2016 - Average & Median Sales Price

In 2016 the Average property price was £464 K in Enfield. The average price for the different property types are:

  • Detached £1.1 millions
  • Flat/Maisonette £303 K
  • Other £1.38 millions
  • Semi-Detached £596 K
  • Terraced £427 K

The Median Price was £375 K. The median property price for the different property types are:

  • Detached £865 K
  • Flat/Maisonette £277 K
  • Other £316 K
  • Semi-Detached £570 K
  • Terraced £391 K

 Year on Year Comparison : Compared to Enfield Property Market 2015

  • The average and median sales price across all property types have gone up except for others
  • Other have shown sharp decline in average and median sales price

 

 

New Vs Not New Property Statistics
Enfield 2016 - New Vs Not New Property Statistics

 

By Value Of Sales

  • Not New Property contributed £1.61 billion (95.93%)
  • New Property £68 millions (4.07%)

 By Number Of Sales

  • The number of Not New Property sold was 3478 (96.32%)
  • The number of New Property sold was 133 (3.68%)

Year on Year Comparison : Compared to Enfield Property Market 2015  in 2016

  • New property market share in property market has gone up in 2016 over 2015

 

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Waverley Property Market Declines By 8.2% in 2016, Impacted by Brexit and Stamp Duty Hike

Story Highlights 

  • Waverley had total property sales of £1.1 billions in 2016
  • The total number of properties sold in 2016 was 2082
  • The average sales price  was £533 K, whereas the median was £425 K
  • New Property sales were 5.3% by value, whereas Not New Property contributed 94.7%
  • Stamp duty changes caused monthly spike in March
  • Brexit coupled with Stamp Duty changes had negative impact and it declined by 8.2%

 

Waverley is one of the districts of Surrey.

Total Sales By Property Type

Waverley - Total Sales By Property Type

Waverley had total property sales of £1.1 billions which was 10.34% of the total Surrey Property Market 2016

The split of £1.1 billions across the different property types are:

  • Detached £542 millions (48.86%)
  • Semi-Detached £225 millions (20.31%)
  • Terraced £148 millions (13.34%)
  • Flat/Maisonette £126 millions (11.34%)
  • Other £68 millions (6.15%)

 

Waverley Property Market at Postcode Level

Postcode Coverage Area School Local Authority Area
GU5  Albury, Bramley, Shere Details Guildford, Waverley
GU6  Cranleigh, Ewhurst, Alfold Details Waverley
GU7 Farncombe, Godalming  Details Waverley
GU8 Chiddingfold, Dunsfold, Elstead, Hascombe, Milford, Thursley, Witley Details Waverley
GU9  Farnham, Badshot Lea, Hale, Heath End Details Waverley
GU10 Bentley, Frensham, Churt, Crondall, Tongham, Ewshot, Seale, Tilford, Wrecclesham Details Waverley, East Hampshire, Guildford, Hart
GU26 Hindhead, Bramshott Chase, Grayshott Details Waverley
GU27 Haslemere, Fernhurst, Shottermill, Grayswood Details Waverley, Chichester

 

Month-wise Break-up of Total Sales 

Waverley - Month-wise Break-up of Total Sales

Some of the insights based on the £1.1 billions month-wise break-down :

Stamp Duty Hike Impact

  1. March had property sale spike of £123 millions compared to £71 millions in Feb and then sales sharply drop
  2. The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016

Brexit Impact

  1. Brexit took place on 23rd June 2016.
  2. Year on Year decline has been  8.2% in 2016 over 2015
  3. Brexit coupled with Stamp Duty Hike had negative impact on Waverley Property Market in 2016

 

Total No Of Properties Sold By Property Type 

Waverley - Total No Of Properties Sold By Property Type

Waverley had total property sales of 2082.  The split across the different property types are:

  • Detached 679 (32.61%)
  • Semi-Detached 488 (23.44%)
  • Flat/Maisonette 445 (21.37%)
  • Terraced 400 (19.21%)
  • Other  70 (3.36%)

 

Average & Median Sales Price 

Waverley - Average & Median Sales Price

 The average sales price in Waverley was £533 K and for different property types it was:

  • Detached £798 K
  • Semi-Detached £462 K  
  • Terraced £370 K
  • Flat/Maisonette £283 K
  • Other it is £ 975 K    

Similarly median sales price in Waverley was £425 K and for different property types are:

  • Detached £695 K
  • Semi-Detached £425 K
  • Terraced £342 K
  • Flat/Maisonette £255 K
  • Other it is £529 K

 

New Vs Not New Property Statistics 

Waverley - New Vs Not New Property Statistics

 By Sales Value the split is as follows:

  • New Property contributed £59 millions (5.3%)
  • Not New Property contributed £1.1 billions (94.7%)

By Total Number the split is as follows:

  • New properties sold were 97 (4.66%)
  • Not new property sold were 1,985 (95.34%)

 

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Waltham Forest Property Market Declines By 3.3% in 2016, Due to Stamp Duty Hike and Brexit

Story Highlights

  • Waltham Forest had total Property Sales of £1.46 billions in 2016
  • The total number of properties sold in year 2016 was 3313
  • The Average property price was £441 K while Median was £417 K
  • Not New Property contributed 94.82% by value and New Property 5.18%
  • Stamp duty changes caused monthly spike in March
  • Brexit coupled with Stamp Duty changes have caused decline of 3.3% in 2016 over 2015

 

Waltham Forest is one of the Boroughs of East London. It had total Property Sales of £1.46  billions, which was 8.9% of East London Property Market 2016.

 

Total Sales By Property Type

Waltham Forest  2016 - Total Sales by Property Type

 The split of £1.46 billions across the different property types are:

  • Terraced £701 millions (47.99%)
  • Flat/Maisonette £482 millions  (32.98%)
  • Semi Detached £148 millions (10.14%)
  • Other £103 millions (7.06%)
  • Detached £27 millions (1.83%)

Year on Year Comparison : Compared to Waltham Property Market 2015  in 2016

  • All the property types have shown decline in sales except others.
  • Others has shown growth of 19.76% year on year

 

 

Waltham Forest Property Market at Postcode level

Postcode 

 Coverage Area         

 Local Authority Area
E4

Chingford district: Chingford, Sewardstone, Highams Park, Upper Edmonton (part), Woodford Green (part)

Waltham Forest, Enfield, Epping Forest (Essex)
E5

Clapton district: Leyton (Part), Upper Clapton, Lower Clapton, Stoke Newington (part)

Hackney, Waltham Forest
E7

Forest Gate district: Forest Gate, Leytonstone (Part), Stratford (part)

Newham, Waltham Forest
E10

Leyton district: Leyton, Temple Mills, Hackney Marshes (part) Upper Clapton (part), Walthamstow Marshes

Waltham Forest, Hackney
E11

Leytonstone district: Leytonstone, Wanstead, Aldersbrook (part), Snaresbrook, Cann Hall

Waltham Forest, Redbridge
E15

Stratford district: Stratford, West Ham (part), Maryland, Leyton (part), Leytonstone (part) Temple Mills (part), Hackney Wick (part), Bow (part)

Newham, Waltham Forest, HackneyTowerHamlets
E17

Walthamstow district: Walthamstow, Upper Walthamstow, Leyton (part)

Waltham Forest
IG8

Woodford Green, Woodford Bridge, Highams Park (part)

Redbridge, Waltham Forest

For property market details at post code level please click on Postcode in the table above.

 

 

Month-wise Break-up of Total Sales

Waltham Forest 2016 - Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

  1. March had property sale spike of £195 millions  compared to £115 millions in Feb 
  2. The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016

Brexit Impact

  1. Brexit took place on 23rd June 2016.
  2. As can be observed from the month-wise break-up there does not seem to have been significant dip in property sales in the immediate aftermath of Brexit 
  3. Year on Year the property market for Waltham Forest has shown decline of 3.3% over 2015

 

 

Total Number Of Sales By Property Types

Waltham Forest 2016 - Total No Of Properties Sold By Property Type

In Waltham Forest  the total number of properties sold in year 2016 was 3313. The breakdown by different property types are:

  • Terraced 1399 (42.23%)
  • Semi Detached 275 (8.3%)
  • Other 125 (3.77%)
  • Flat/Maisonette 1472 (44.43%)
  • Detached 42 (1.27%)

Year on Year Comparison : Compared to Waltham Property Market 2015 in 2016

  • Total number of property sales in Waltham Forest has declined by 13.65% decline
  • All property types have shown decline in number of properties sold except property type Other
  • Other has shown significant increase of  155%.

 

 

Average & Median Sales Price

Waltham Forest 2016 - Average & Median Sales Price

In 2016 the Average property price was £441 K in Waltham Forest. The average price for the different property types are:

  • Detached £636 K
  • Flat/Maisonette £327 K
  • Other £825 K
  • Semi-Detached £539 K
  • Terraced £501 K.

The Median Price was £417 K. The median property price for the different property types are:

  • Detached £635 K
  • Flat/Maisonette £330 K
  • Other £380 K
  • Semi-Detached £515 K
  • Terraced £490 K

Year on Year Comparison : Compared to Waltham Property Market 2015 in 2016

  • The average and median sales price across all property types have gone up except for others
  • Other have shown decline in average and median sales price making the property for business/commercial purpose cheaper

 

 

New Vs Not New Property Statistics

Waltham Forest 2016 - New Vs Not New Property Statistics

By Value Of Sales

  • Not New Property contributed £1.39 (94.82%)
  • New Property  £76 millions (5.18%) 

  By Number Of Sales

  • The number of Not New Property sold was 3121 (94.2%)
  • The number of New Properties sold was 192 (5.8%) 

Year on Year Comparison : Compared to Waltham Property Market 2015  in 2016

  • New property market share in property market has remained fairly constant in 2016 over 2015

 

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Havering Property Market Grows 6.4% 2016, Not Impacted By Brexit and Stamp Duty Hike

Story Highlights

  • Havering had total Property Sales of £1.5 billions in 2016.
  • The total number of properties sold in year 2016 was 4002.
  • The Average property price was £376 K while Median was £330 K
  • Not New Property Contributed 93.89% and New Property 6.11%
  • Stamp duty changes caused monthly spike in March
  • Brexit  and Stamp Duty changes had no immediate impact, Havering Property Market Grows 6.4% 2016

 

Havering is one of the Boroughs of East London. It had total Property Sales of £1.5 billions which was 9.16% of East London Property Market 2016.

 

Total Sales By Property Type

Havering 2016 - Total Sales By Property Type

The split of £1.5 billions across the different property types are:

  • Semi-Detached £499 millions (33.17%)
  • Terraced £389 millions (25.85%)
  • Flat/Maisonette £256 millions (17.04%)
  • Detached £227 millions (15.07%)
  • Other £133 millions (8.87%)

Year on Year Comparison : Compared to Havering Property Market 2015  in 2016

  • All the property types have shown growth in sales except Semi-Detached, Detached
  • Others has significant growth of 161%

 

 

Havering Property Market at Postcode level

Postcode 

 Coverage Area         

 Local Authority Area
CM13

Brentwood, East Horndon, Great Warley, Herongate, Hutton, Ingrave, Little Warley, West Horndon

Basildon, Brentwood, Havering
RM1

Romford, Rise Park

Havering
RM2

Gidea Park, Heath Park

Havering
RM3

Harold Wood, Harold Hill, Noak Hill, Harold Park

Havering
RM4

Havering-atte-Bower, Abridge, Stapleford Abbotts, Noak Hill, Navestock, Stapleford Tawney, Stapleford Aerodrome

Havering, Epping Forest, Brentwood
RM5

Collier Row

Havering, Redbridge
RM6

Chadwell Heath, Marks Gate, Little Heath, Goodmayes (north), Hainault (South)

Barking and Dagenham, Redbridge, Havering
RM7

Rush Green, Mawneys, Romford

Havering, Barking and Dagenham
RM11

Hornchurch, Emerson Park, Ardleigh Green

Havering
RM12

Hornchurch, Elm Park

Havering
RM13

Rainham, South Hornchurch, Wennington

Havering
RM14

Upminster, Cranham, North Ockendon, Bulphan

Havering, Thurrock

For property market details at post code level please click on Postcode in the table above.

 

 

 

Month-wise Break-up of Total Sales

Havering 2016 - Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

  1. March had property sale spike of £235 millions  compared to £120 millions in Feb 
  2. The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016

Brexit Impact

  1. Brexit took place on 23rd June 2016.
  2. As can be observed from the month-wise break-up there does not seem to have been  dip in property sales in the immediate aftermath of Brexit 
  3. Year on Year the property market for Havering has shown growth of 6.4% year on year over 2015

 

 

Total No Of Properties Sold By Property Type

Havering 2016 - Total No Of Properties Sold By Property Type

In Havering the total number of properties sold in year 2016 was 4002. The breakdown by different property types are:

  • Terraced 1146 (28.64%)
  • Semi-Detached 1229 (30.71%)
  • Other 147 (3.67%)
  • Flat/Maisonette 1108 (27.69%)
  • Detached 372 (9.3%).

Year on Year Comparison : Compared to Havering Property Market 2015 in 2016

  • Total number of property sales in Havering has declined by 10.35%
  • All property types have shown decline in number of properties sold except property type Other
  • Other has shown significant growth by 177%.

 

 

Average & Median Sales Price

Havering 2016 - Average & Median Sales Price

In 2016 the Average property price was £376 K in Havering. The average price for the different property types are:

  • Detached £609 K
  • Flat/Maisonette £231 K
  • Other £907 K
  • Semi-Detached £406 K
  • Terraced £339 K

The Median Price was £330 K. The median property price for the different property types are:

  • Detached £539 K
  • Flat/Maisonette £230 K
  • Other £145 K
  • Semi-Detached £385 K
  • Terraced £325 K

Year on Year Comparison : Compared to Havering Property Market 2015 in 2016

  • The average and median sales price across all property types have gone up except for others
  • Median Price for Others has shown a sharp decline

 

 

New Vs Not New Property Statistics

Havering 2016 - New Vs Not New Property Statistics

By Value Of Sales

  • Not New Property £1.4 billion (93.89%)
  • New Property £92 millions (6.11%) 

 By Number Of Sales

  • The number of Not New Property sold was 3668 (91.65%)
  • The number of New Properties sold was 334 (8.35%) 

Year on Year Comparison : Compared to Havering Property Market 2015  in 2016

  • New property market share in property market has gone down in 2016 over 2015

 

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