Story Highlights

• Hackney had total Property Sales of £1.94 billions in 2016
• The total number of properties sold in year 2016 was 2623
• The Average property price was £740 K in Hackney while Median was £530 K
• Not New Property contributed 85.44% by value and New Property 14.56%
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp duty changes declined by 3.5% in total sales value

 

Hackney is one of the Boroughs of East London. It had total Property Sales of £1.94 billions which was 11.82 % of East London Property Market 2016.

 

Total Sales By Property Type

The split of £1.94 billions across the different property types are:

• Flat/Maisonette £1.04 billions (53.72%)
• Other £444 millions (22.86%)
• Terraced £401 millions (20.64%)
• Semi-Detached £40 millions (2.08%)
• Detached £14 millions (0.7%).

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

• Flat/Maisonette, Terraced have shown decline in sales value year on year
• Others has shown growth 85.77% year on year

 

Hackney Property Market at Postcode level

Postcode	Coverage Area	Local Authority Area
E1	Eastern head district: Aldgate (part), Bishopsgate (part), Whitechapel, Shoreditch (part), Spitalfields, Shadwell, Stepney, Globe Town (part), Mile End (part), Portsoken, Brick Lane	Tower Hamlets, Hackney, City of London
E2	Bethnal Green district: Bethnal Green, Haggerston, Hoxton, Shoreditch (part), Cambridge Heath, Globe Town (part)	Tower Hamlets, Hackney
E5	Clapton district: Leyton (Part), Upper Clapton, Lower Clapton, Stoke Newington (part)	Hackney,Waltham Forest
E8	Hackney district: Hackney Central, Dalston, London Fields, Stoke Newington (part)	Hackney
E9	Homerton district: Homerton, Hackney Wick, South Hackney, Hackney Marshes, Victoria Park	Hackney, Tower Hamlets
EC1V	Finsbury (east), Moorfields Eye Hospital	Islington, Hackney
EC2A	Shoreditch	Islington, Hackney, City of London
N1	Barnsbury (part), Canonbury, Kings Cross, Islington, Pentonville, De Beauvoir Town, Hoxton	Hackney, Islington, Camden
N4	Finsbury Park, Manor House, Harringay (part), Stroud Green (part)	Haringey, Islington, Hackney
N5	Highbury, Highbury Fields	Islington, Hackney
N15	South Tottenham, Harringay (part), West Green, Seven Sisters, Stamford Hill (part)	Hackney, Haringey
N16	Stoke Newington, Stamford Hill (part), Shacklewell, Dalston (part), Newington Green (part)	Islington, Hackney, Harrow

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

 

 

Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

1. March had property sale spike of £333 millions  compared to £122 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 Hackney has shown decline of 3.48% over 2015

 

 

Total No Of Properties Sold By Property Type

 

In Hackney the total number of properties sold in year 2016 was 2623. The breakdown by different property types are:

• Terraced 411 (15.67%)
• Semi-Detached 34 (1.3%)
• Other 166 (6.33%)
• Flat/Maisonette 2003 (76.36%)
• Detached 9 (0.34%).

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

• Total number of property sales in Hackney has declined by 20.35%
• Other has shown significant growth of 26.7%.

 

 

Average & Median Sales Price

 

In 2016 the Average property price was £740 K in Hackney. The average price for the different property types are:

• Detached £ 1.5 millions
• Flat/Maisonette £521 K
• Other £2.67 millions
• Semi-Detached £1.18 millions
• Terraced £975 K.

The Median Price was £530 K. The median property price for the different property types are:

• Detached £1.43 millions
• Flat/Maisonette £485 K
• Other £443 K
• Semi-Detached £1.1 millions
• Terraced £945 K.

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

• The average and median sales price across all property types have gone up except for Other
• Other had increase in average price and decrease in median price

 

 

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property Contributed £1.66 billion (85.44%)
• New Property £283 millions (14.56%) 

 By Number Of Sales

• The number of Not New Property sold was 2183 (83.23%)
• The number of New Properties sold was 440 (16.77%) 

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

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

 

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Story Highlights

• Greenwich had total Property Sales of £1.9 billions in 2016.
• The total number of properties sold in year 2016 was 3910
• The Average property price was £478 K in Greenwich, while Median was £380 K
• Not New Property Contributed 75.6% by value and New Property 24.4%
• Stamp duty changes caused monthly spike
• Brexit and Stamp Duty changes has caused decline of 1.5% in total sales value compared to 2015

 

Greenwich is one of the Boroughs of East London. It had total Property Sales of £1.9 billions which was 11.38 % of East London Property Market 2016.

 

Total Sales By Property Type

The split of £1.9 billions across the different property types are:

• Flat/Maisonette £881 millions (47.13%)
• Terraced £492 millions (26.35%)
• Other £214 millions (11.45%)
• Semi-Detached £207 millions (11.06%)
• Detached £75 millions (4.01%).

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

• All the property types have shown decline in sales except others.
• Others has shown growth of about 7% year on year

 

 

Greenwich Property Market at Postcode level

Postcode	Coverage Area	Local Authority Area
BR7	Chislehurst, Elmstead	Bromley, Greenwich
DA15	Sidcup (north), Blackfen, Lamorbey, Longlands	Bexley, Greenwich
DA16	Welling, Falconwood, East Wickham	Bexley, Greenwich
SE2	Abbey Wood, West Heath, Crossness, Thamesmead (part), Plumstead (part)	Bexley, Greenwich
SE3	Blackheath, Kidbrooke, Westcombe Park	Greenwich, Lewisham
SE7	Charlton	Greenwich
SE8	Deptford, Evelyn, Rotherhithe	Greenwich, Lewisham, Southwark
SE9	Eltham, Mottingham, New Eltham, Avery Hill (part), Falconwood (part), Sidcup (part), Chinbrook (part), Longlands (part) Kidbrooke (part), Shooter's Hill (part)	Bexley, Bromley, Greenwich, Lewisham
SE10	Greenwich, Maze Hill, Greenwich Peninsula	Greenwich, Lewisham
SE12	Lee, Grove Park, Chinbrook, Hither Green (part), Eltham (part), Horn Park, Blackheath (part)	Greenwich, Lewisham
SE13	Lewisham, Hither Green, Ladywell	Greenwich, Lewisham
SE18	Woolwich, Royal Arsenal, Plumstead, Shooter's Hill	Bexley, Greenwich
SE28	Thamesmead	Bexley, Greenwich

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

 

 

 

Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

1. March had property sale spike of £313 millions  compared to £157 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 Greenwich has shown a decline of 1.55%

 

 

 

Total No Of Properties Sold By Property Type

 

In Greenwich the total number of properties sold in year 2016 was 3910. The breakdown by different property types are:

• Terraced 1098(28.08%)
• Semi-Detached 381(9.74%)
• Other 99(2.53%)
• Flat/Maisonette 2251(57.57%)
• Detached 81(2.07%).

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

• Total number of property sales in Greenwich has declined by 12.47% year on year
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant increase  of 66%.

 

 

Average & Median Sales Price

 

In 2015 the Average property price was £478 K in Greenwich. The average price for the different property types are:

• Detached £925 K
• Flat/Maisonette £391 K
• Other £2.16 millions
• Semi-Detached £542 K
• Terraced £449 K.

The Median Price was £380 K. The median property price for the different property types are:

• Detached £600 K
• Flat/Maisonette £362 K
• Other £575 K
• Semi-Detached £475 K
• Terraced £375 K.

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

• The average and median sales price across all property types have gone up except for Others, Detached

 

 

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property Contributed £1.41 billion (75.6%)
• New Property £456 millions (24.4%) 

 By Number Of Sales

• The number of Not New Property sold was 2960 (75.7%)
• The number of New Properties sold was 950 (24.3%) 

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

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

 

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Story Highlights

• East London had total property sales of £16.42 billions in 2016
• The maximum sales at borough level was in Tower Hamlets at £2.9 billions 
• The total number of East London properties sold in 2016 was 35,121
• The average sales price in East London was £468 K, whereas median was £375 K
• By borough the average price was maximum in Hackney at £740 K
• New Property sales were 15.12% by value, whereas Not New Property contributed 84.88%
• Stamp duty hike caused monthly spike in March
• Brexit and Stamp Duty Hike arrested the growth in total property sales compared to 2015

 

East London comprises of the boroughs of Barking and Dagenham, Bexley, Greenwich, Hackney, Havering, Lewisham, Newham, Redbridge, Tower Hamlets, Waltham Forest

 

 

Total Sales By Borough

East London in 2016 had total property sales of £16.42 billions. It is 21.6% of London Property Market 2016

The split across its borough is as above

• Tower Hamlets £2.9 billions (17.65%)
• Lewisham £2 billions (12.23%)
• Hackney £1.94 billions (11.82%)
• Greenwich £1.9 billions (11.38%)
• Havering £1.5 billions (9.16%)
• Redbridge £1.49 billions (9.09%)
• Waltham Forest £1.46 billions (8.9%)
• Bexley £1.35 billions (8.22%)
• Newham £1.14 billions (6.95%)
• Barking and Dagenham £753 millions (4.59%)

Year on Year Comparison : Compared to East London Property Market 2015 in 2016

• East London as a whole had property sales remaining fairly stable with almost no growth or decline.
• The boroughs did not show major deviation in total sales compared to 2015.

 

 

Total Value of Sales By Property Types

The split of £16.42 billions across the different property types are:

• Detached: £654 millions (3.98%)
• Semi-Detached: £1.94 billions (11.82%)
• Other: £2.16 billions (13.18%)
• Terraced: £4.71 billions (28.68%)
• Flat/Maisonette: £6.95 billions (42.34%)

Year on Year Comparison : Compared to East London Property Market 2015  in 2016

• All the property types have shown decline in sales except others.
• Others has shown growth of about 420 millions i.e. 24% year on year

 

 

 

Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

1. March had property sale spike of £ 2.6 billions  compared to £ 1.41 billions 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 East London has shown no decline over 2015

 

 

 

Total Number Of Sales By Property Types

The total number of properties sold in  East London 2016 was 35,121. It is split as

• Detached: 976 (2.78%)
• Semi-Detached: 4,191 (11.93%)
• Terraced: 10,594 (30.16%)
• Flat/Maisonette: 18,154 (51.69%)
• Other: 1,206 (3.43%)

Year on Year Comparison : Compared to East London Property Market 2015 in 2016

• Total number of property sales in East London has decreased  by 4,483 which is 11.32% decline
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant increase  of 66%.

 

 

 

Average & Median Sales Price

The average sales price in East London was £468 K. For the different property types it was:

• Detached: £670 K
• Semi-Detached: £463 K
• Terraced: £445 K
• Flat/Maisonette: £383 K
• Other it is £1.80 millions.

Similarly the median sales price in East London was £375 K. For the different property types it was:

• Detached: £565 K
• Semi-Detached: £415 K
• Terraced: £382 K
• Flat/Maisonette: £350 K
• Other it is £360 K

Year on Year Comparison : Compared to East London Property Market 2015 in 2016

• The average and median sales price across all property types have gone up except for others

 

 

 

Average & Median Sales Price By Borough

East London average sales price at borough level is as above.

• The average sales price is maximum in Hackney: £740 K
• Tower Hamlets: £601 K
• Greenwich: £478 K
• Lewisham: £460 K
• Redbridge: £458 K
• Waltham Forest: £441 K
• Newham: £416 K
• Havering: £376 K
• Bexley: £365 K
• Minimum for Barking And Dagenham at £315 K

 

 

East London median sales price at borough level is as above.

• The median sales price is maximum in Hackney: £530 K
• Tower Hamlets: £460 K
• Waltham Forest: £417 K
• Redbridge: £385 K
• Lewisham: £383 K
• Greenwich: £380 K
• Newham: £348 K
• Havering: £330 K
• Bexley: £325 K
• Minimum for Barking And Dagenham at £287 K

Year on Year Comparison : Compared to East London Property Market 2015 in 2016

• The average and median sales price across all the East London boroughs  have gone up with Hackney leading the pack

 

 

 

New Vs Not New Property Statistics

 

By Value Of Sales

• The sales value contributed by New Property was £2.48 billions (15.12%)
• Not New Property contributed £13.94 billions (84.88%).

By Number Of Sales

• New properties sold were 5,349 (15.23%)
• where as not new property sold were 29,772 (84.77%)

Year on Year Comparison : Compared to East London Property Market 2015  in 2016

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

 

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Story Highlights

• Tower Hamlets had total Property Sales of £2.9 billions in 2016
• The total number of properties sold in year 2016 was 4821
• The Average property price was £601 K while Median was £460 K
• Not New Property contributed 65.63% by value and New Property 34.37%
• Stamp duty hike caused monthly spike in March
• Brexit and Stamp Duty hike did not have negative impact, there was growth of 11.5% by Total Sales Value 

 

Tower Hamlets is one of the Boroughs of East London. It had total Property Sales of £2.9 billions which was 17.65% of East London Property Market 2016.

 

Total Sales By Property Type

The split of £2.9 billions across the different property types are:

• Flat/Maisonette £2.2 billions (75.96%)
• Other £495 millions (17.08%)
• Terraced £189 millions (6.51%)
• Detached £7 millions 
• Semi-Detached 7 millions 

Year on Year Comparison : Compared to Tower Hamlets Property Market 2015  in 2016

• Flat/Maisonette ,Other have shown growth of 17.65%, 12% respectively

  

 

Tower Hamlets Property Market at Postcode Level

Postcode	Coverage Area	Local Authority Area
E1	Eastern head district: Aldgate (part), Bishopsgate (part), Whitechapel, Shoreditch (part), Spitalfields, Shadwell, Stepney, Globe Town (part), Mile End (part), Portsoken, Brick Lane	Tower Hamlets, Hackney, City of London
E1W	Wapping	Tower Hamlets
E2	Bethnal Green district: Bethnal Green, Haggerston, Hoxton, Shoreditch (part), Cambridge Heath, Globe Town (part)	Tower Hamlets, Hackney
E3	Bow district: Bow, Bromley-by-Bow, Old Ford, Mile End, Fish Island, Bow Common, Poplar (part) Limehouse (part) Three Mills, London Gas Museum	Tower Hamlets, Newham
E9	Homerton district: Homerton, Hackney Wick, South Hackney, Hackney Marshes, Victoria Park	Hackney, Tower Hamlets
E14	Poplar district: Poplar, Isle of Dogs, Limehouse, Canary Wharf, Millwall, Blackwall, Cubitt Town, South Bromley, North Greenwich, Leamouth	Tower Hamlets

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

 

 

 

Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

1. March had property sale spike of £422 millions  compared to £273 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 Tower Hamles has shown growth of 11.54% over 2015

 

 

Total No Of Properties Sold By Property Type

In Tower Hamlets  the total number of properties sold in year 2016 was 4821. The breakdown by different property types are:

• Terraced 228 (4.73%)
• Other 198 (4.11%)
• Flat/Maisonette 4380 (90.85%)
• Semi-Detached 9 (0.19%).

Year on Year Comparison : Compared to Tower Hamlets Property Market 2015 in 2016

• Total number of property sales in Tower Hamlets has shown growth of 4.9% 
• Other has shown significant increase  of 50%.

 

 

Average & Median Sales Price

In 2016 the Average property price was £601 K in Tower Hamlets. The average price for the different property types are:

• Detached £1.1 millions
• Flat/Maisonette £503 K
• Other £2.5 millions
• Semi-Detached £724 K
• Terraced £827 K

The Median Price was £460 K. The median price for the different property types are:

• Detached £1.07 millions
• Flat/Maisonette £455 K
• Other £411 K
• Semi-Detached £655 K
• Terraced £750 K

Year on Year Comparison : Compared to Tower Hamlets Property Market 2015 in 2016

• The average and median sales price across all property types have gone up except for Other
• So property prices for business and commercial purpose has shown decline

 

 

New Vs Not New Property Statistics

 

By Value Of Sales

• Not New Property contributed £1.9 billion (65.63%)
• New Property £996 millions (34.37%) 

 By Number Of Sales

• The number of Not New Property sold was 2884 (59.82%)
• The number of New Properties sold was 1937 (40/18%) 

Year on Year Comparison : Compared to Tower Hamlets Property Market 2015  in 2016

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

 

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Story Highlights

• Newham had total Property Sales of £1.14 billions in 2016
• The total number of properties sold in year 2016 was 2741
• The Average property price was £416 K while Median was £348 K
• Not New Property Contributed 88.87% by value and New Property 11.13%
• Stamp duty hike caused monthly spike in March
• Brexit coupled with Stamp duty changes caused 5% decline in total sales value over 2015

 

Newham is one of the Boroughs of East London. It had total Property Sales of £1.14 billions which was 6.95% of East London Property Market 2016

 

Total Sales By Property Type

The split of £1.14 billions across the different property types are:

• Terraced £479 millions (42%)
• Flat/Maisonette £436 millions (38.26%)
• Other £192 millions (16.86%)
• Semi-Detached £26 millions (2.27%)
• Detached £7 millions (0.61%)

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

• All the property types have reamined constant or shown decline in sales value except Other
• Other has shown growth of 28.86%

 

 

Newham Property Market at Postcode level

Postcode	Coverage Area	Local Authority Area
E3	Bow district: Bow, Bromley-by-Bow, Old Ford, Mile End, Fish Island, Bow Common, Poplar (part) Limehouse (part) Three Mills, London Gas Museum	Tower Hamlets, Newham
E6	East Ham district: East Ham, Beckton, Upton Park (part), Barking (part)	Newham, Barking and Dagenham
E7	Forest Gate district: Forest Gate, Leytonstone (Part), Stratford (part)	Newham, Waltham Forest
E12	Manor Park district: Manor Park, Little Ilford, Aldersbrook (part)	Newham, Redbridge,Barking and Dagenham
E13	Plaistow district: Plaistow, West Ham (part), Upton Park (part)	Newham
E15	Stratford district: Stratford, West Ham (part), Maryland, Leyton (part), Leytonstone (part) Temple Mills (part), Hackney Wick (part), Bow (part)	Newham, Waltham Forest, Hackney, Tower Hamlets
E16	Victoria Docks and North Woolwich district: Canning Town, Silvertown, Royal Docks, North Woolwich, Beckton (part)	Newham
E20	Olympic Park district: Olympic Park, & parts of Stratford, Homerton, Leyton, Bow	Newham, Waltham Forest, Hackney, Tower Hamlets

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

 

 

Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

1. March had property sale spike of £ 233 millions  compared to £84 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 Newham has declined by 5% over 2015

 

 

Total Number Of Sales By Property Types

In Newham the total number of properties sold in year 2016 was 2741. The breakdown by different property types are:

• Terraced 1180 (43.05%)
• Semi-Detached 59 (2.15%)
• Other 101 (3.68%)
• Flat/Maisonette  1387 (50.6%)
• Detached 14 (0.51%)

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

• Total number of property sales in Newham has declined by 20.18%
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant growth of 77.2%.

 

 

Average & Median Sales Price

In 2015 the Average property price was £416 K in Newham. The average price for the different property types are:

• Detached £498 K
• Flat/Maisonette £315 K
• Other £1.9 millions
• Semi-Detached £439 K
• Terraced £406 K.

The Median Price was £348 K. The median property price for the different property types are:

• Detached £488 K
• Flat/Maisonette £290 K
• Other £360 K
• Semi-Detached £400 K
• Terraced £385 K

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

• The average and median sales price across all property types have gone up except for others

 

 

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £1.01 billion (88.87%)
• New Property £127 millions (11.13%) 

  By Number Of Sales

• The number of Not New Property sold was 290 (10.58%)
• The number of New Properties sold was 2451 (89.42%) 

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

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

 

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