Story Highlights

• North East England had total property sales of £7 billions.
• The total number of properties sold in 2016 was 39,847
• The total sales at county level was maximum for Tyne And Wear  at £2.94 Billions
• The average price in North East England was £168 K, while median price was £125 K
• The average sales price at county level was maximum for Darlington at £204 K
• The sales value contributed by New Property was 11.16%, for Not New 88.84%
• Stamp duty hike caused monthly spike in March
• Brexit coupled with Stamp Duty Hike has caused stagnation of North East England property market 2016 over 2015

 

North East England is one of the 9 principal areas of England. It consist of the counties Northumberland, Tyne and Wear, County Durham, Darlington, Hartlepool, Stockton-on-Tees, Redcar and Cleveland, Middlesbrough.

 

Total Sales By County

 The total sales of £7 Billions in 2016 was split across its counties as above.

• Tyne And Wear at £2.94 billions (43.98%)
• County Durham at £1.065 billions (15.9%)
• Northumberland at £1.046 millions (15.63%)
• Stockton-On-Tees at £533 millions (7.96%)
• Darlington at £354 millions (5.29%)
• Middlesbrough at £291 millions (4.34%)
• Redcar And Cleveland at £287 millions (4.28%)
• Hartlepool at £176 millions (2.63%).

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

• Tyne and Wear, County Durham, Middlesbrough, Hartlepool had decline in total property sales
• Northumberland, Stockton-On-Tees, Darlington, Redcar And Cleveland had growth in total sales value.
• Total sales value had remained constant in North East England.

 

 

 

Total Value of Sales By Property Types

The split of £7 Billions across the different property types was:

• Detached at £1.9 billions (28.4%) 
• Semi-Detached at £1.8 billions (26.95%) 
• Terraced at £1.49 billions (22.19%)
• Other at £1.05 billions (15.67%)
• Flat/Maisonette at £454 millions (6.78%)

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

• Detached, Semi-Detached, Terraced had decline in total sales.
• Flat/Maisonette remained constant.
• Other has shown increase of 16.15%

 

 

Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

1. March had property sale spike of £783 millions compared to £460 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 there has been no growth in 2016 compared to 2015
4. Brexit coupled with Stamp Duty seems to have stagnated the property market

 

 

Total Number of Sales By Property Types

The total property sales of £7 Billions in 2016 was spread over 39,847 properties.

• Terraced properties at 13,478 (33.82%)
• Detached at 7,615 (19.11%)
• Semi-Detached at 12,701 (31.87%)  
• Flat/Maisonette at 4,372 (10.97%)
• Others at 1,681 (4.22%)

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

• Except for property type Other all property types have shown decline in numbers

 

 

Average & Median Sales Price 

The average sales price in North East England was £168 K

For the different property types it was

• Detached at £250 K
• Semi-Detached at £142 K
• Terraced at £110 K
• Flat/Maisonette at £104 K
• Other at £624 K

Similarly median sales price in North East England was £125 K

For the different property types it was

• Detached at £218 K
• Semi-Detached at £130 K
• Terraced at £90 K
• Flat/Maisonette at £88 K 
• Other at £115 k

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

• All property types have shown increase in average and median sales except property type Other
• Other has shown sharp decline in average and median sales

 

 

Average & Median Sales Price By County

The average sales price in North East England in 2016 at county level is as above.

• Maximum is for Darlington at £204 K
• Northumberland at £195 K
• Tyne And Wear at £183 K
• Stockton-On-Tees at £176 K
• Middlesbrough at £144 K
• Redcar And Cleveland at £143 K
• County Durham at £130 K
• with minimum for Hartlepool at £124 K

 

The median sales price in North East England in 2016 is as above.  

• Maximum is for Northumberland at £150 K
• Stockton-On-Tees at £130 K
• Tyne And Wear at £130 K
• Darlington at £128 K
• Redcar And Cleveland at £125 K
• Middlesbrough at £122 K
• Hartlepool at £104 K
• with minimum for County Durham at £101 K

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

• Darlington, Northumberland, Stockton-On-Tees had increase in Sales price
• Tyne And Wear, Middlesbrough, County Durham, Hartlepool had decrease in Sales Price

 

 

New Vs Not New Property Statistics

By Value of Sales

• The sales value contributed by New Property was £747 millions (11.16%)
• where as Not New Property contributed £5.95 billions (88.84%)

By Number of Sales

• New properties sold were 4,162(10.44%)
• where as not new property sold were 35,685 (89.56%).

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

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

 

All England Posts

 

 

 For 2016 details - North East Property Market 2016 

Story Highlights

• North East England had total property sales of £7 billions.
• The total number of properties sold in 2015 was 40,669.
• The total sale at county level was maximum for Tyne And Wear  at £3.07 Billions
• The average price in North East England was £167 K while median price was £127 K
• The average sales price at county level was maximum for Tyne And Wear at  £184K
• The sales value contributed by New Property was 14.46%, for Not New 85.54 %

 

 

North East England is one of the 9 principal areas of England. It consist of the counties Northumberland, Tyne and Wear, County Durham, Darlington, Hartlepool, Stockton-on-Tees, Redcar and Cleveland, Middlesbrough.

 

 

Total Value of Sales By Property Types

North East England had total property sales of £7 billions. It contributed 2.3% of the England Wales Property Market 2015.

The split across the different property types was:

• Detached at £2.09 billions (30.8%) 
• Semi-Detached at £1.83 billions (26.91%) 
• Terraced at 1.511 billions (22.27%)
• Flat/Maisonette at £454 millions (6.7%)
• Other at 904 millions (13.33%)

 

Total Sales By County 

 The total sales of £7 Billions in 2015 was split across its counties as above.

• Tyne And Wear at £3.07 billions (45.28 %)
• County Durham at £1.11 billions (16.31%)
• Northumberland at £973 millions (14.34%)
• Stockton-On-Tees at £514 millions (7.57%)
• Middlesbrough at £331 millions (4.88%)
• Darlington at £309 millions (4.55%)
• Redcar And Cleveland at £285 millions (4.2%)
• Hartlepool at £194 millions (2.86%).

 

 

Total Number of Sales By Property Types

The total property sales of £7 Billions in 2015 was spread over 40,669 properties.

• Terraced properties at 13,785 (33.9%)
• Detached at 8,589 (21.12%),
• Semi-Detached at 13,126 ( 32.28%),  
• Flat/Maisonette at 4,436 (10.91%)
• Others at 733 (1.8%).

 

 

Average & Median Sales Price 

The average sales price in North East England was £167 K.

For the different property types it was

• Detached at £243 K
• Semi-Detached at £139 K
• Terraced at £110 K
• Flat/Maisonette at £102 K
• Other at  £1.23 millions.

 

Similarly median sales price in North East was £127 K.

For the different property types it was

• Detached at £215 K
• Semi-Detached at £128 K
• Terraced at £90 K
• Flat/Maisonette at £85.5 K 
• Other at £250 k

 

 

Average & Median Sales Price By County

The average sales price in North East in 2015 at county level is as above.

• Maximum is for Tyne And Wear at £186 K
• Northumberland at £184 K
• Darlington at £165 K
• Stockton-On-Tees at £164 K
• Middlesbrough at £154 K
• Redcar And Cleveland at £143 K
• County Durham at £135 K
• with minimum for Hartlepool at £129 K

 

The median sales price in North East in 2015 is as above.  

• Maximum is for Northumberland at £150 K
• Tyne And Wear at £134 K
• Stockton-On-Tees at £130K
• Darlington at £128 K
• Redcar And Cleveland at £125 K
• Middlesbrough at £121 K
• Hartlepool at £110 K
• with minimum for County Durham at £103 K.

 

 

New Vs Not New Property Statistics

By Value of Sales

• The sales value contributed by New Property was £981 millions (14.46%)
• where as Not New Property contributed £5.80 billions (85.54 %).

By Number of Sales

• New properties sold were 5,095  (12.53%)
• where as not new property sold were 35,574 (87.47%).

 

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