Slough Property Market Declines By 12.3% in 2016, Stamp Duty Hike and Brexit to Blame

Story Highlights

  • Slough had total property sales of £784 millions in 2016
  • The total number of properties sold in 2016 was 1,906 properties
  • The average sales price in Bracknell Forest was £411 K, whereas median was £285 K
  • New Property sales were 13.47% by value, where as Not New Property contributed 86.53%
  • Stamp duty changes caused monthly spike in March
  • Brexit coupled with Stamp Duty Hike caused decline of 12.3% in 2016 over 2015

 

Slough is one of the districts of Berkshire

Total Sales By Property Type
Slough - Total Sales By Property Type

Slough had total property sales of £784 millions, which was 11.95% of Berkshire Property Market 2016

The split of £784 millions across the different property types in Slough are:

  • Other £225 millions (28.75%)
  • Flat/Maisonette £190 millions (24.3%)
  • Terraced £177 millions (22.6%)
  • Semi-Detached £123 millions (15.65%)
  • Detached £68 millions (8.69%) 

 

Slough Property Market at Postcode level

Postcode Coverage Area School Local Authority Area
SL1 Slough,Burnham,Cippenham,Chalvey,Upton,Littleworth,Salt Hill Details Slough, South Bucks
SL2 Britwell,Farnham Common,Farnham Royal,Stoke Poges,Egypt,Hedgerley Details South Bucks, Slough
SL3 Langley,Datchet,Colnbrook,Poyle,Horton,Fulmer,George Green,Wexham, part ofRichings Park Details Slough, South Bucks,Windsor and Maidenhead
SL4 Windsor,Old Windsor,Eton,Eton Wick,Clewer,Dedworth,Cranbourne,Winkfield,Dorney, Spital,Oakley Green,Woodside,Boveney, part ofFifield Details Windsor and Maidenhead,Bracknell Forest, South Bucks, Slough

 

Month-wise Break-up of Total Sales
Slough - Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

  1. March had property sale spike of £120 millions compared to £49 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 after-math of Brexit 
  3. Year on Year property market in Slough has shown sharp decline of 12.3% in 2016 over 2015 

 

Total No Of Properties Sold By Property Type
Slough - Total No Of Properties Sold By Property Type

Slough had total property sales of 1906.  The split across the different property types are:

  • Flat/Maisonette 866 (45.44%)
  • Terraced 539 (28.28%)
  • Semi-Detached 315 (16.53%)
  • Detached 130 (6.82%)
  • Other 56 (2.94%)

 

Average & Median Sales Price
Slough - Average & Median Sales Price

The average sales price in Slough was £411 K and for the different property types it was:

  • Detached £524 K
  • Semi-Detached £390 K
  • Terraced £329 K
  • Flat/Maisonette £220 K
  • Other it is £4.02 million

Similarly median sales price in Slough was £285 K and for the different property types are:

  • Detached £517 K
  • Semi-Detached £381 K
  • Terraced £328 K
  • Flat/Maisonette £220 K
  • Other it is £695 K

 

New Vs Not New Property Statistics
Slough - New Vs Not New Property Statistics

By Sales Values the split is as follows:

  • New Property contributed £106 millions (13.47%)
  • Not New Property contributed £678 millions (86.53%)

By Total Number the split is as follows:

  • New properties sold were 377 (19.78%)
  • Not new property sold were 1,529 (80.22%)

 

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East of Sussex Property Market Grows By 6.8% in 2016

Story Highlights

  • East of Sussex had total property sales of £3.47 billions in 2016
  • Total Sales at district level was maximum for Wealden at £1.11 billions
  • The total number of properties sold in 2016 was 11,498 properties
  • The average sales price in East of Sussex was £302 K
  • The average sales price at District level was maximum for Wealden £370 K 
  • New Property sales were 3.61% by value, where as Not New 96.39%
  • Stamp duty hike caused monthly spike in March
  • Brexit coupled and Stamp Duty Hike did not have negative impact , there was growth of 6.8% in 2016 over 2015

 

East of Sussex is one of the counties of South East England. The districts of East of Sussex are Wealden, Rother, Lewes, Eastbourne, Hastings

 

Total Sales By Districts

East of Sussex - Total Sales By Districts

East of Sussex had total property sales of £3.47 Billions which was 5.6% of the total South East England property Market in 2016

The split of the sales across the different districts was:

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

 

 

Total Sales By Property Type
East of Sussex - Total Sales By Property Type

The split of £3.47 Billions across the different property types are:

  • Detached £1.42 billions (40.8%)
  • Semi-Detached £670 millions (19.32%)
  • Terraced £636 millions (18.33%)
  • Flat/Maisonette £529 millions (15.25%)
  • Other £218 millions (6.29%)

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

  • Total Sales has increased for all property types except for nominal decrease for Detached

 

 

Month-wise Break-up of Total Sales
East of Sussex - Month-wise Break-up of Total Sales

Some of the insights based on the £3.47 Billions month-wise break-down :

Stamp Duty Hike Impact

  • March had property sale spike of £462 millions compared to £265 millions in Feb
  • 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

  • Brexit took place on 23rd June 2016.
  • 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 
  • Year on Year growth has been 6.8%in 2016 over 2015
  • So Brexit and Stamp Duty changes did not have impact on the East of Sussex Property Market in 2016

 

 

Total No Of Properties Sold By Property Type
East of Sussex - Total No Of Properties Sold By Property Type

The total property sales of £3.47 Billions in 2016 was spread over 11,498 properties.

  • Detached 3214 (27.95%)
  • Flat/Maisonette 3109 (27.04%)
  • Terraced 2509 (21.82%)
  • Semi-Detached 2301 (%)
  • Other 365 (3.17%)

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

  • Total Number of properties sold has decreased by 3.5 %
  • All the property type have witnessed decrease in property sales except Other

 

 

Average & Median Sales Price
East of Sussex - Average & Median Sales Price

The average sales price in East of Sussex was £302 K and for the different property types it was:

  • Detached £440 K
  • Semi-Detached £291 K
  • Terraced £253 K
  • Flat/Maisonette £170 K
  • Other it was £598 K

Similarly median sales price in East of Sussex was £253 K and for the different property types was:

  • Detached £376 K
  • Semi-Detached £264 K
  • Terraced £232 K
  • Flat/Maisonette £151 K
  • Other it is £275 k

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

  • All property types have witnessed increase average and median sales price

 

 

Average & Median Sales Price By Districts
East of Sussex - Average Sales Price By Districts

The average sales price at district level in East of Sussex in 2016 is as above.

East of Sussex -Median Sales Price By Districts

The median sales price at district level in East of Sussex in 2016 is as above.

Year on Year Comparison : Compared to East of Sussex Property Market 2015 in 20

  • Average and median sales price across all districts have gone up

 

 

New Vs Not New Property Statistics
East of Sussex - New Vs Not New Property Statistics

By Sales Values the split is as follows:

  • New Property contributed £125 millions (3.61%)
  • Not New Property contributed £3.34 billions (96.39%)

By Total Number the split is as follows:

  • New properties sold were 427 (3.71%)
  • Not new property sold were 11,071 (96.29%)

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

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

 

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Bracknell Forest Property Market in 2016 Declines By 0.7%

Story Highlights

  • Bracknell Forest had total property sales of £888 millions in 2016
  • The total number of properties sold in 2016 was 2,085 properties
  • The average sales price in Bracknell Forest was £426 K, whereas median was £325 K
  • New Property sales were 8.44% by value, where as Not New Property contributed 91.56%
  • Stamp duty changes caused monthly spike in March
  • Brexit coupled with Stamp Duty Hike caused decline of 0.7% in 2016 over 2015

 

Bracknell Forest is one of the districts of Berkshire.

Total Sales By Property Type
Bracknell Forest - Total Sales By Property Type

Bracknell Forest had total property sales of £888 millions, which was 13.53% of Berkshire Property Market 2016

The split across the different property types in Bracknell Forest are:

  • Detached £269 millions (30.28%) 
  • Terraced £234 millions (26.4%)
  • Semi-Detached £152 millions (17.12%)
  • Other £123 millions (13.88%)
  • Flat/Maisonette £109 millions (12.32%)

 

Bracknell Forest Property Market at Postcode level

Postcode Coverage Area School Local Authority Area
GU15 Camberley,Old Dean,RMAS Details Surrey Heath, Bracknell Forest
GU47 Sandhurst,College Town,Owlsmoor,Little Sandhurst Details Bracknell Forest
RG12 Bracknell(south and town centre),Easthampstead,Bullbrook Details Bracknell Forest
RG40 Wokingham(east and town centre),Finchampstead,Barkham(south), Wick Hill Details Wokingham, Bracknell Forest
RG42 Bracknell(north),Binfield,Warfield, Newell Green,Popeswood,Priestwood,Winkfield Row,Jealotts Hill Details Bracknell Forest
RG45 Crowthorne,Ravenswood Details Bracknell Forest, Wokingham
SL4 Windsor,Old Windsor,Eton,Eton Wick,Clewer,Dedworth,Cranbourne,Winkfield,Dorney, Spital,Oakley Green,Woodside,Boveney, part ofFifield Details Windsor and Maidenhead, Bracknell Forest, South Bucks, Slough
SL5 Ascot,Sunninghill,Sunningdale,North Ascot,South Ascot,Burleigh,Cheapside Details Windsor and Maidenhead, Bracknell Forest

 

Month-wise Break-up of Total Sales

Bracknell Forest - Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

  1. March had property sale spike of £114 millions compared to £61 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 after-math of Brexit 
  3. Year on Year property market in Bracknell Forest has remained constant with a very modest decline of 0.7%

 

Total No Of Properties Sold By Property Type
Bracknell Forest - Total No Of Properties Sold By Property Type

Bracknell Forest had total property sales of 2,085.  The split across the different property types are:

  • Terraced 725 (34.77%)
  • Flat/Maisonette 471 (22.59%)
  • Detached 447 (21.44%)
  • Semi-Detached 397 (19.04%)
  • Other 45 (2.16%)

 

Average & Median Sales Price
Bracknell Forest - Average & Median Sales Price

The average sales price in Bracknell Forest was £426 K and for the different property types it was:

  • Detached £602 K
  • Semi-Detached £383 K
  • Terraced £323 K
  • Flat/Maisonette £232 K
  • Other it is £2.74 million

Similarly median sales price in Bracknell Forest was £325 K and for the different property types are:

  • Detached £525 K
  • Semi-Detached £380 K
  • Terraced £306 K
  • Flat/Maisonette £225 K
  • Other it is £540 k

 

New Vs Not New Property Statistics
Bracknell Forest - New Vs Not New Property Statistics

 

By Sales Values the split is as follows:

  • New Property contributed £75 millions (8.44%)
  • Not New Property contributed £813 millions (91.56%)

By Total Number the split is as follows:

  • New properties sold were 176 (8.44%)
  • Not new property sold were 1,909 (91.56%)

 

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Eastbourne Property Market Grows to 7.5% in 2016

Story Highlights

  • Eastbourne had total property sales of £601 millions in 2016
  • The total number of properties sold in 2016 was 2,432 properties
  • The average sales price in Eastbourne was £247 K
  • New Property sales were 2.56% by value, where as Not New 97.44%
  • Stamp duty hike caused monthly spike in March
  • Brexit coupled and Stamp Duty Hike did not have negative impact , there was growth of 7.5% in 2016 over 2015

 

Eastbourne is one of the districts of East of Sussex

Total Sales By Property Type

 Eastbourne - Total Sales By Property Type

Eastbourne had total property sales of £601 millions which was 17.33% of the East of Sussex Property Market 2016

The split across the different property types are:

  • Flat/Maisonette £180 millions (29.98%)
  • Terraced £163 millions (27.13%)
  • Detached £138 (22.97%)
  • Semi-Detached £98 millions (16.32%)
  • Other £22 millions (3.61%)

 

Eastbourne Property Market at Postcode level

Postcode Coverage Area School Local Authority Area
BN20 Eastbourne,Beachy Head,East Dean,Friston, Old Town , Ratton,Wannock,Willingdon Details Eastbourne, Wealden
BN21 Eastbourne, Old Town Details Eastbourne
BN22 Eastbourne,Hampden Park,Willingdon Details Eastbourne, Wealden
BN23 Eastbourne, Friday Street,Langney,Sovereign Harbou r Details Eastbourne

 

Month-wise Break-up of Total Sales
Eastbourne - Month-wise Break-up of Total Sales

 Some of the insights based on the £601 millions month-wise break-down :

Stamp Duty Hike Impact

  • March had property sale spike of £88 millions compared to £45 millions in Feb
  • 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

  • Brexit took place on 23rd June 2016.
  • 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 
  • Year on Year growth has been 7.51%in 2016 over 2015
  • So Brexit and Stamp Duty changes did not have negative impact on the Eastbourne Property Market  in 2016

 

 

Total No Of Properties Sold By Property Type
Eastbourne - Total No Of Properties Sold By Property Type

The total property sales of £601 millions in 2016 was spread over 2,432 properties.

  • Flat/Maisonette 998 (41.04%)
  • Terraced  674 (27.71%)
  • Semi-Detached 357 (14.68%)
  • Detached 346 (14.23%)
  • Other 57 (2.34%)

 

 

Average & Median Sales Price
Eastbourne - Average & Median Sales Price

The average sales price in Eastbourne was £247 K and for the different property types it was:

  • Detached £399 K
  • Semi-Detached £275 K
  • Terraced £242 K
  • Flat/Maisonette £181 K
  • Other it was £380 K

Similarly median sales price in Eastbourne was £220 K and for the different property types was:

  • Detached £360 K
  • Semi-Detached £250 K
  • Terraced £225 K
  • Flat/Maisonette £160 K
  • Other it is £190 K

 

 

New Vs Not New Property Statistics

Eastbourne - New Vs Not New Property Statistics

By Sales Values the split is as follows:

  • New Property contributed £15 millions (2.56%)
  • Not New Property contributed £586 millions (97.44%)

By Total Number the split is as follows:

  • New properties sold were 76 (3.13%)
  • Not new property sold were 2,356 (96.88%)

 

All East of Sussex Posts


 

 

 

 

Berkshire Property Market Declines By 2.08% 2016, Due to Stamp Duty Hike and Brexit

Story Highlights

  • Berkshire had total property sales of £6.6 Billions in 2016
  • Across the districts  maximum sales was in Windsor and Maidenhead at £1.49 billions
  • The total number of properties sold in 2016 was 14,483 properties
  • The average sales price in Berkshire was £453 K, whereas median was £340 K
  • Across its districts average sales price was maximum for Windsor And Maidenhead at £651 K
  • New Property sales were 9.87% by value, where as Not New Property contributed 90.13%
  • Stamp duty changes caused monthly spike in March
  • Brexit coupled with Stamp Duty Hike caused decline of 2.08% in 2016 over 2015

 

Berkshire is one of the counties of South East England. The districts of Berkshire are Wokingham, Windsor and Maidenhead, Reading, West Berkshire, Bracknell Forest, Slough. Let us look at the Berkshire Property Market for 2016 in detail.

 

Total Sales By Districts

Berkshire - Total Sales By Districts

Berkshire had total property sales of £6.6 Billions which was 10.6% of the total South East property market in 2016

The split of the sales across the different districts was:

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

 

 

Month-wise Break-up of Total Sales

Berkshire - Month-wise Break-up of Total Sales

Some of the insights based on the £6.6 Billions month-wise break-down :

Stamp Duty Hike Impact

  1. March had property sale spike of £931 millions compared to £452 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 after-math of Brexit 
  3. Year on Year decline has been 2.08%

 

 

Total Sales By Property Type

Berkshire - Total Sales By Property Type

The split across the different property types in Berkshire are:

  • Detached £2.06 billions (31.36%) 
  • Terraced £1.31 billions (20%)
  • Semi-Detached £1.19 billions (18.17%)
  • Flat/Maisonette £1.04 billions (15.86%)
  • Other £960 millions (14.62%)

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

  • All property types have shown decline in property sales except Flat/Maisonette, Other
  • Other had significant growth of 8.7% over 2015

 

 

Total No Of Properties Sold By Property Type

 

Berkshire - Total No Of Properties Sold By Property Type

Berkshire had total property sales of 14,483.  The split across the different property types are:

  • Flat/Maisonette 4101 (28.32%)
  • Terraced 3861 (26.66%)
  • Detached 3104 (21.43%)
  • Semi-Detached 2966 (20.48%)
  • Other 451 (3.11%)

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

  • Total number of property sales in 2016 has decreased by 11.21%
  • All property types have shown decline in number of properties sold except property type Other.
  • Other has shown significant increase of 77.6%

 

 

Average & Median Sales Price

Berkshire - Average & Median Sales Price

The average sales price in Berkshire was £453 K and for the different property types it was:

  • Detached £663 K
  • Semi-Detached £402 K
  • Terraced £340 K
  • Flat/Maisonette £254 K
  • Other it is £2.13 million

Similarly median sales price in Berkshire was £340 K and for different property types are:

  • Detached £560 K
  • Semi-Detached £385 K
  • Terraced £315 K
  • Flat/Maisonette £232 K
  • Other it is £530 k

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

  • The average and median property prices have gone up except for property type Other
  • Other has had decline in average and median property price

 

 

Average & Median Sales Price By Districts

Berkshire - Average Sales Price By Districts

 Across districts the average sales price is as above.

Berkshire - Median Sales Price By Districts

Across districts the median sales price is as above.

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

  • The average sales price across all the counties have gone up except for Wokingham, Reading
  • The median sales price across all the counties have gone up

 

 

New Vs Not New Property Statistics

Berkshire - New Vs Not New Property Statistics

 

By Sales Values the split is as follows:

  • New Property contributed £648 millions (9.87%)
  • Not New Property contributed £5.9 billions (90.13%)

By Total Number the split is as follows:

  • New properties sold were 1,681 (11.61%)
  • Not new property sold were 12,802(88.39%)

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

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

 

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