City of London Property Market Impacted By Brexit, Declines by 6 % in 2016

Story Highlights

  • City of London in 2016 had total property sales of £1.22 billions
  • The total number of property sold in City of London 2016 was 216
  • The average sales price in City of London was £5.63 millions and the median sales price was £843 K
  • The sales value contributed by New Property was 0.77% where as Not New Property contributed 99.23%
  • Stamp duty hike caused monthly spike in March
  • Brexit coupled with Stamp Duty Hike caused decline in total sales by 6.15% 

 

 

Total Sales By Property Type
City Of London 2016 - Total Sales By Property Type

City of London is one of the Boroughs of Central London. It had total Property Sales of  £1.22 billions which was 4.92% of Central London Property Market 2016

The split across the different property types are:

  • Terraced £2 millions
  • Other £1.083 billions (89.17%)
  • Flat/Maisonette £291 millions (10.65%)

 

 

City Of London 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
EC1A St Bartholomew's Hospital City Of London, Islington
EC1M Clerkenwell, Farringdon Islington, Camden, City of London
EC1N Hatton Garden Camden, City of London
EC1Y St Luke's, Bunhill Fields Islington, City of London
EC2A Shoreditch Islington, Hackney, City of London
EC2M Broadgate, Liverpool Street Tower Hamlets, City of London
EC2N Old Broad Street, Tower 42 City Of London
EC2R Bank of England City Of London
EC2V Guildhall City Of London
EC2Y Barbican City Of London
EC3A St Mary Axe, Aldgate City Of London
EC3M Lloyd's of London, Fenchurch Street City Of London
EC3N Tower Hill, Tower of London City Of London
EC3R Monument, Billingsgate City Of London
EC3V Cornhill, Gracechurch Street, Lombard Street City Of London
EC4A Fetter Lane City Of London, Westminster
EC4M St Paul's City Of London
EC4N Mansion House City Of London
EC4R Cannon Street City Of London
EC4V Blackfriars City Of London
EC4Y Temple City Of London
SE1 Bankside, South Bank, Lambeth (part), Southwark, Bermondsey (part), Vauxhall (part), Old Kent Road (part) Lambeth, Southwark, City of London
WC1V High Holborn Camden, City of London

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

 

 

Month-wise Break-up of Total Sales
City Of London 2016 - Month-wise Break-up of Total Sales

Some of the insights based on the £1.22 billions month-wise break-down :

Stamp Duty Hike Impact

  1. March had property sale spike of £65 millions  compared to £25 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 a clear conclusions cannot be drawn on the City of London property market 2016
  3. Year on Year the property market for City of London has shown a decline of 6.15% over 2015

 

 

Total No Of Properties Sold By Property Type

City Of London 2016 - Total No Of Properties Sold By Property Type

In City of London the total number of properties sold in year 2015 was 216. The breakdown by different property types are:

  • Terraced 1 (0.46%)
  • Other 81 (37.5%)
  • Flat/Maisonette 134 (62.04%)

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

  • Total sales volume has declined by 169 i.e. decline of 43.89%
  • All the property type had lower sales volume compared to 2015 except for Others
  • Other has shown a growth of 15.71%

 

 

Average & Median Sales Price
City of London 2016 - Average & Median Sales Price

In 2015 the Average property price was £5.63 millions in City of London. The average price for the different property types:

  • Flat/Maisonette £966 K
  • Other £13.4 millions
  • Terraced £2.125 millions

The Median Price was £843 K. The median property price for the different property types are:

  • Flat/Maisonette £805 K
  • Other £2.93 millions
  • Terraced £2.125 millions

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

  • Flat/Maisonette, Terraced properties had increase in average and median price

 

 

New Vs Not New Property Statistics

City Of London 2016 - New Vs Not New Property Statistics

By Value Of Sales

  • Not New Property contributed £1.21 billion (99.23%)
  • New Property 9 millions (0.77%) 

By Number Of Sales

  • The number of Not New Property sold was 291 (99.07%)
  • The number of New Property sold was 2 (0.93%) 

 

 

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Camden Property Market Impacted by Brexit, Declines by 9.8% in 2016

Story Highlights

  • Camden in 2016 had total property sales of £3.5 billions
  • The total number of property sold in Camden 2016 was 2525
  • The average sales price in Camden was £1.38 millions and the median sales price was £715 K
  • The sales value contributed by New Property was 5.63% where as Not New Property contributed 94.37%
  • Stamp duty caused monthly spike in March
  • Brexit coupled with Stamp duty changes caused total sales to decline by 9.8% in 2016

 

 

Total Sales By Property Type
Camden 2016 - Total Sales By Property Type

Camden is one of the Boroughs of Central London. It had total Property Sales of  £3.5 billions which was 14.16% of Central London Property Market 2016.

The split across the different property types are:

  • Terraced £486 millions (13.9%)
  • Semi-Detached £223 millions (6.37%)
  • Other £1.07 billion (30.6%)
  • Flat/Maisonette £1.56 billions (44.71%)
  • Detached £154 millions (4.42%)

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

  • Camden had property sales decrease of £0.38 billions i.e. 9.8%
  • Terraced, Flat/Maisonette, Detached had decrease in total property sales 
  • Semi-Detached, Other had increase in total property sales 

 

 

Camden Property Market at Postcode level

Postcode 

 Coverage Area         

 Local Authority Area
ECIM Clerkenwell, Farringdon Islington, Camden, City of London
EC1N Hatton Garden Camden, City of London
EC1R Finsbury, Finsbury Estate (west) Islington, Camden
N1C Kings Cross Central Camden
N6 Highgate, Hampstead Heath (part) Camden, Haringey, Islington
N7 Holloway, Barnsbury (part), Islington (part), Tufnell Park (part) Islington, Camden
N19 Upper Holloway, Archway, Tufnell Park (part) Islington, Camden
NW1 North Western head district: Marylebone (part), Euston, Regent's Park, Baker Street, Camden Town, Somers Town, Primrose Hill (part) and Lisson Grove (part)  Camden, Westminster
NW2 Cricklewood district: Cricklewood, Dollis Hill, Childs Hill, Golders Green (part), Brent Cross (part), Willesden (north), Neasden (north) Barnet, Brent, Camden
NW3 Hampstead district: Hampstead, Belsize Park, Frognal, Childs Hill (east), South Hampstead (north), Swiss Cottage (east), Primrose Hill (north), Chalk Farm (west), Gospel Oak Camden, Barnet
NW5 Kentish Town district: Kentish Town, Camden Town (part), Gospel Oak (part), Dartmouth Park, Chalk Farm (east), Tufnell Park (west) Camden, Islington
NW6 Kilburn district: Kilburn, Brondesbury, West Hampstead, Queen's Park, Kensal Green (part), South Hampstead (south), Swiss Cottage (west) Brent, Camden, Westminster
NW8 St John's Wood district: St John's Wood, Primrose Hill (south), Lisson Grove (north) Westminster, Camden
W1T Fitzrovia, Tottenham Court Road Camden
WC1A New Oxford Street Camden
WC1B Bloomsbury, British Museum, Southampton Row Camden
WC1E University College London Camden
WC1H St Pancras Camden
WC1N Russell Square, Great Ormond Street Camden
WC1R Gray's Inn Camden
WC1V High Holborn  Camden, City of London
WC1X Kings Cross, Finsbury (west), Clerkenwell (north) Camden, Islington
WC2A Lincoln's Inn Fields, Royal Courts of Justice, Chancery Lane Camden, Westminster, City of London
WC2B Drury Lane, Kingsway, Aldwych Camden, Westminster
WC2H Leicester Square, St. Giles Camden, Westminster

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

 

 

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

 

Some of the insights based on the £3.5 billions month-wise break-down :

Stamp Duty Hike Impact

  1. March had property sale spike of £683 millions  compared to £250 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 the property market for Camden has shown a decline of 9.8% over 2015

 

 

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

 In Camden the total number of properties sold in year 2016 was 2525. The breakdown by different property types are:

  • Terraced 255 (10.1%)
  • Semi-Detached 67 (2.65%)
  • Other 238 (9.43%)
  • Flat/Maisonette 1936 (76.67%)
  • Detached 29 (1.15%)

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

  • Total sales volume has declined by 12.4%
  • All the property type except Other had lower sales volume compared to 2015
  • Other had sales volume growth of 60.8%

 

 

Average & Median Sales Price
Camden 2016 - Average & Median Sales Price

 

In 2016 the Average property price was £1.38 millions in Camden. The average price for the different property types are:

  • Detached £5.33 millions
  • Flat/Maisonette £808 K
  • Other £4.5 millions
  • Semi-Detached £3.3 millions
  • Terraced £1.91 millions

The Median Price was £715 K. The median property price for the different property types are:

  • Detached £3.35 millions
  • Flat/Maisonette £650 K
  • Other £603 K
  • Semi-Detached £2.75 millions
  • Terraced £1.6 millions.

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

  • All property types have had increase in average and median sales price except for Other, Flat/Maisonette

 

 

New Vs Not New Property Statistics
Camden 2016 - New Vs Not New Property Statistics

By Value Of Sales

  • The sales value contributed by New Property was £197 millions (5.63%)
  • Not New Property contributed £3.3 billions (94.37%)

By Number Of Sales

  • New properties sold were 214 (8.48%)
  • Not new property sold were 2311 (91.52%)

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

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

 

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London WC Postcode Area - WC2A, WC2B, WC2E, WC2H, WC2N, WC2R Property Market 2016

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This Post covers 

  • Coverage Area of Postcode WC2A to WC2R
  • Total Sales By Postcode WC2A to WC2R
  • Average & Median Sales Price By Postcode WC2A to WC2R
  • Total Number of Sales By Postcode WC2A to WC2R
  • Multi Year Property Trend Analysis By Postcode WC2A to WC2R
  • Schools for Postcode Area WC
  • Posts for Postcode Area WC

 

Coverage Area of Postcode WC2A to WC2R

Postcode                 Coverage Area          Local Authority Area
WC2A Lincoln's Inn Fields, Royal Courts of Justice, Chancery Lane Camden, Westminster, City of London
WC2B Drury Lane, Kingsway, Aldwych Camden, Westminster
WC2E Covent Garden Westminster
WC2H Leicester Square, St. Giles Camden, Westminster
WC2N Charing Cross Westminster
WC2R Somerset House, Temple (west) Westminster

 

Total Sales By Postcode in 2016

WC Property Market - Total Sales By Postcode

                                                                                 *M represents millions

Average & Median Sales Price By Postcode  in 2016WC Property Market - Average & Median Sales Price By Postcode

  

Total Number Of Sales By Postcode in 2016

WC Property Market - Total Number Of Sales By Postcode 

 

Multi Year Property Trend Analysis By Postcode

Postcode Post
WC2A Trend Analysis Details
WC2B Trend Analysis Details
WC2E Trend Analysis Details
WC2H Trend Analysis Details
WC2N Trend Analysis Details
WC2R Trend Analysis Details

 

Schools for Postcode Area WC

 

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Reference

WC Postcode Area As Per Wikipedia

London WC Postcode Area - WC1A, WC1B, WC1E, WC1H, WC1N, WC1R, WC1V, WC1X Property Market 2016

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This Post covers 

  • Coverage Area of Postcode WC1A to WC1X
  • Total Sales By Postcode WC1A to WC1X
  • Average & Median Sales Price By Postcode WC1A to WC1X
  • Total Number of Sales By Postcode WC1A to WC1X
  • Multi Year Property Trend Analysis By Postcode WC1A to WC1X
  • Schools for Postcode Area WC
  • Posts for Postcode Area WC

 

Coverage Area of Postcode WC1A to WC1X

Postcode                 Coverage Area          Local Authority Area
WC1A New Oxford Street Camden
WC1B Bloomsbury, British Museum, Southampton Row Camden
WC1E University College London Camden
WC1H St Pancras Camden
WC1N Russell Square, Great Ormond Street Camden
WC1R Gray's Inn Camden
WC1V High Holborn Camden, City of London
WC1X Kings Cross, Finsbury (west), Clerkenwell (north) Camden, Islington

 

Total Sales By Postcode in 2016

WC Property Market - Total Sales By Postcode

                                                                                 *M represents millions

Average & Median Sales Price By Postcode in 2016WC Property Market - Average & Median Sales Price By Postcode

  

Total Number Of Sales By Postcode in 2016

WC Property Market - Total Number Of Sales By Postcode

 

Multi Year Property Trend Analysis By Postcode

Postcode Post
WC1A Trend Analysis Details
WC1B Trend Analysis Details
WC1E Trend Analysis Details
WC1H Trend Analysis Details
WC1N Trend Analysis Details
WC1R Trend Analysis Details
WC1V Trend Analysis Details
WC1X Trend Analysis Details

 

Schools for Postcode Area WC

 

Posts for Postcode Area WC

 

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Reference

WC Postcode Area As Per Wikipedia

London TW Postcode Area - TW10, TW11, TW12, TW13, TW14, TW15, TW16, TW17, TW18, TW19, TW20 Property Market 2016

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This Post covers 

  • Coverage Area of Postcode TW10 to TW20
  • Total Sales By Postcode TW10 to TW20
  • Average & Median Sales Price By Postcode TW10 to TW20
  • Total Number of Sales By Postcode TW10 to TW20
  • Multi Year Property Trend Analysis By Postcode TW10 to TW20
  • Schools for Postcode Area TW
  • Posts for Postcode Area TW

 

Coverage Area of Postcode TW10 to TW20

Postcode                 Coverage Area          Local Authority Area
TW10 Ham, Petersham, Richmond Hill, North Sheen (south), Richmond Park Kingston Upon Thames, Richmond upon Thames
TW11 Teddington, Fulwell (east), Bushy Park Richmond Upon Thames
TW12 Hampton, Hampton Hill, Fulwell (west) Richmond Upon Thames
TW13 Feltham, Hanworth Hounslow, Richmond upon Thames
TW14 Feltham (part of the station area), North Feltham, East Bedfont, Hatton Hillingdon, Hounslow, Spelthorne
TW15 Ashford Hounslow, Spelthorne
TW16 Sunbury-on-Thames Elmbridge, Richmond Upon Thames, Spelthorne
TW17 Shepperton, Upper Halliford, Charlton, Littleton Elmbridge, Spelthorne
TW18 Staines-upon-Thames, Egham Hythe, Laleham Runnymede, Spelthorne, Windsor and Maidenhead
TW19 Stanwell, Stanwell Moor, Wraysbury, Sunnymeads, Hythe End Hillingdon, Spelthorne, Windsor and Maidenhead
TW20 Egham, Englefield Green, Thorpe Runnymede

 

Total Sales By Postcode in 2016

TW Property Market - Total Sales By Postcode

                                                                                 *M represents millions

Average & Median Sales Price By Postcode in 2016

 TW Property Market - Average Sales Price By Postcode

TW Property Market - Median Sales Price By Postcode

 

Total Number Of Sales By Postcode in 2016

TW Property Market - Total Number Of Sales By Postcode

 

Multi Year Property Trend Analysis By Postcode

 

Schools for Postcode Area TW

 

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 Reference

TW Postcode Area As Per Wikipedia