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Visual Insights into the UK Property Market

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North East England Property Market 2016

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

North East England - Total Sales By County

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

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

 

 

 

Total Value of Sales By Property Types

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

North East England - 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

North East England - 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 

North East England - 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

North East England - Average Sales Price By County

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

 

North East England - Median Sales Price By County

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

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

 

 

New Vs Not New Property Statistics

North East England - 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

 

Yorkshire and Humber Property Market 2016

Story Highlights

  • Yorkshire and Humber had total property sales of £17 Billions
  • The number of properties sold was 88,650 properties
  • Across counties the maximum sales is in West Yorkshire at £6.95 billions
  • The average property price was £190 K and the median was £145 K
  • The  average sales price at County level is maximum for York at £267 K
  • New properties contributed 8.6% by value and not new property 91.4%
  • Stamp duty hike caused monthly spike in March
  • Brexit coupled with Stamp Duty Hike did not have negative impact on Yorkshire and Humber Property Market in 2016

 

Yorkshire and Humber is one of the 9 principal areas of England. It comprises of South Yorkshire, West Yorkshire, North Yorkshire, YorkEast Riding of Yorkshire, Kingston upon Hull, North Lincolnshire, North East Lincolnshire.

 

Total Sales By County

Yorkshire and Humber - Total Sales By County

Yorkshire and Humber had total property sales of £17 Billions. It contributed 5.66% of the England and Wales Property Market 2016.

The total sales of £17 billions in 2016 was split across its counties as above.

Year on Year Comparison : Compared to Yorkshire and Humber Property Market 2015 in 2016

  • Decline in total sales has been in York, City of Kingston Upon Hull

 

 

Total Value of Sales By Property Types

Yorkshire and Humber - Total Value of Sales By Property Types

 The split of £17 billions across the different property types was

  • Detached at £5.52 billions (32.83%)
  • Semi-Detached at £4.59 billions (27.32%)
  • Terraced at £3.57 billions (21.24%)
  • Other at £1.97 billions (11.7%)
  • Flat/Maisonette at £1.16 billions (6.91%)

Year on Year Comparison : Compared to Yorkshire and Humber Property Market 2015 in 2016

  • Only Terraced Property Types had decline
  • Total Sales has shown growth of 6.25%

 

 

Month-wise Break-up of Total Sales

Yorkshire and Humber - Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

  1. March had property sale spike of £2.05 billions compared to £1.15 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 dip in property sales in the immediate aftermath of Brexit 
  3. Year on Year growth over the last year has been 6.25% so there has been no negative Brexit impact

 

 

Total Number of Sales By Property Types

Yorkshire and Humber - Total Number of Sales By Property Types

 The total property sales of £17 Billions in 2016 was spread over 88,650 properties.

  • Terraced properties at 27,783 (31.34%)
  • Semi-Detached at 29,015 (32.73%) 
  • Detached at 19,643 (22.16%)
  • Flat/Maisonette at 8,989 (10.14%)
  • Others at 3,220 (3.63%)

Year on Year Comparison : Compared to Yorkshire and Humber Property Market 2015 in 2016 

  • Total number of property sales in 2016 has decreased by 1.04%
  • All property types have shown decline in number of properties sold except property type Terraced, Other
  • Other has shown significant increase of 123% 

 

 

Average & Median Sales Price 

Yorkshire and Humber - Average & Median Sales Price

The average sales price in Yorkshire and Humber was £190 K. For the different property types it was

  • Detached at £281 K
  • Semi-Detached at £158 K
  • Terraced at £129 K
  • Flat/Maisonette at £129 K
  • Other it is at £610 K

The median sales price was £145 K and for different property types it was

  • Detached at £245 K
  • Semi-Detached at £140 K
  • Terraced at £113 K
  • Flat/Maisonette at £109 K
  • Other at £168 K

Year on Year Comparison : Compared to Yorkshire and Humber Property Market 2015 in 2016 

  • The average and median property prices have gone up except for property type Other

 

 

Average & Median Sales Price By County

Yorkshire and Humber - Average Sales Price By County

The average sales price by county in Yorkshire and Humber 2016 is as above.

Yorkshire and Humber - Median Sales Price By County

The median sales price by county in Yorkshire and Humber 2016 is as above.

 Year on Year Comparison : Compared to Yorkshire and Humber Property Market 2015 in 2016 

  • Broadly the sale price across the counties has gone up

 

 

New Vs Not New Property Statistics

Yorkshire and Humber - New Vs Not New Property Statistics

By Value of Sales

  • The sales value contributed by New Property was £1.45 billions (8.6%)
  • where as Not New Property contributed £15.4 billions (91.4%)

By Number of Sales

  • New properties sold were 7,529 (8.49%)
  • where as not new property sold were 81,121(91.51%)

Year on Year Comparison : Compared to Yorkshire and Humber Property Market 2015 in 2016 

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

 

All England Posts

 

East Midlands Property Market 2016

Story Highlights

  • East Midlands in 2016 had total property sales of £18 billions.
  • The total number of properties sold in East Midlands in 2016 was 86,999
  • Across its counties total sales value was maximum in Leicestershire at £3.98 billions.
  • The average property price was £207 K and the median was £165 K
  • The average sales price at county level is maximum for Rutland at £298 K 
  • New properties contributed 11.02% by value and not new properties contributed 88.98%

 

East Midlands is one of the 9 principal areas of England. It consists of Derbyshire, Nottinghamshire, Lincolnshire, Leicestershire, Rutland, Northamptonshire

 

Total Sales By County

East Midlands - Total Sales By County

East Midlands in 2016 had total property sales of £18 billions. It is 6.05% of England and Wales Property Market 2016.

The split of £18 billions across its counties was:

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

  • All counties had growth in total sales except Rutland
  • Rutland had a decline of 4.5% over 2015

 

 

Total Value of Sales By Property Types

East Midlands - Total Value of Sales By Property Types

The split of £18 billions across the different property types are:

  • Detached at £8 billions (44.49%)
  • Semi-Detached at £4.24 billions (23.58%)
  • Terraced at £3.14 billions (17.46%) 
  • Other at £1.86 billions (10.32%)  
  • Flat/Maisonette at £747 millions (4.15%)

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

  • All property types have shown growth in total property sales value

 

 

Month-wise Break-up of Total Sales

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

Stamp Duty Hike Impact

  1. March had property sale spike of £2.27 billions compared to £1.2 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 dip in property sales in the immediate aftermath of Brexit 
  3. Year on year (compared to 2015)  the growth was 5.88%
  4. So Brexit did not seem to negatively impact East Midlands Property Market 2016.

 

 

Total Number of Sales By Property Types

East Midlands - Total Number of Sales By Property Types

The total number of properties sold in East Midlands in 2016 was 86,999.

The split is :

  • Detached at 29,340 (33.72%)
  • Semi-Detached at 26,058 (29.95%)
  • Terraced at 22,549 (25.92%) 
  • Flat/Maisonette at 6,132 (7.05%) 
  • Other at 2,920 (3.36%) 

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

  • All the property types sales have shown growth except Detached, Terraced
  • Other has shown significant growth of 114%

 

 

Average & Median Sales Price 

East Midlands - Average & Median Sales Price

The average sales price in East Midlands was 207 K.

For the different property types it was

  • Detached at £273 K
  • Semi-Detached at £163 K
  • Terraced at £139 K
  • Flat/Maisonette at £122 K
  • Other it is at £636 K

Similarly the median sales price in East Midlands was 165 K

For the different property types it was

  • Detached at £245 K
  • Semi-Detached at £150 K
  • Terraced at £128 K
  • Flat/Maisonette at £110 K
  • Other it is at £190 K

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

  • All property types have had increase in average and median sales prices except Other

 

 

Average & Median Sales Price By County

East Midlands - Average Sales Price By County

The average of sales price in East Midland at county level in 2016 is :

East Midlands - Median Sales Price By County

The median of sales price in East Midland at county level in 2016 is :

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

  • The average and median price across all counties have gone up.

 

 

New Vs Not New Property Statistics

East Midlands - New Vs Not New Property Statistics

By Sales Value

  • Sales value contributed by New Property was £1.98 billions (11.02%)
  • where as Not New Property contributed £16 billions (88.98%)

By Number Of Sales

  • New properties sold were 8,644  (9.94%)
  • Not new property sold were 78,355 (90.06%)

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

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

All England Posts

 

West Midlands Property Market 2016

Story Highlights

  • West Midlands had total property sales of £20 Billions in 2016
  • The number of properties sold was 90,174 properties
  • The average property price was £220 K and the median was £166 K
  • The average sales price at the county level was maximum at Warwickshire £295 K 
  • New properties contributed 8.94% by sales value and not new 91.06%
  • Stamp duty hike caused monthly spike in March
  • Brexit did not have impact and in 2016 West Midlands region witnessed growth of 5.26% year on year

 

West Midlands is one of the 9 principal areas of England. It comprises of Herefordshire, Shropshire, Telford and Wrekin, Staffordshire, Stoke-on-Trent,Warwickshire, West Midlands (county), WorcestershireWarwickshire

 

Total Sales By County

West Midlands - Total Sales By County

West Midlands region had total property sales of £20 billions. It contributed 6.67% of the England and Wales Property Market 2016.

The split of £20 billions across its counties was

Year on Year Comparison : Compared to West Midlands Property Market 2015 in 2016

  • All the counties have shown growth in property sales.
  • Year on Year growth in total property sales by value was 5.26%

 

 

Total Value of Sales By Property TypesWest Midlands - Total Value of Sales By Property Types

The split of £20 billions across the different property types was

  • Detached at £7.16 billions (36.12%),
  • Semi-Detached at £5.01 billions (25.29%),
  • Terraced at £3.84 billions (19.35%) ,
  • Other at £2.37 billions (11.96%),
  • Flat/Maisonette at £1.44 Billions (7.28%)

Year on Year Comparison : Compared to West Midlands Property Market 2015 in 2016

  • All the property types sales have shown growth in sales value
  • It indicates growth year on year

 

 

Month-wise Break-up of Total Sales

West Midlands - Month-wise Break-up of Total Sales

Some of the insights based on the £20 billions month-wise break-down :

Stamp Duty Hike Impact

  1. March had property sale spike of £2.5 billions compared to £1.37 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 dip in property sales in the immediate aftermath of Brexit 
  3. Brexit did not have an impact as year on year there was growth of 5.26% in total property sales by value

 

 

Total Number of Sales By Property Types

West Midlands - Total Number of Sales By Property Types

The total property sales of £20 billions in 2016 was spread over 90,174 properties.

  • Semi-Detached at 28,104 (31.17%) 
  • Terraced at 25,691 (28.49%)
  • Detached at 22,567 (25.03%)  
  • Flat/Maisonette at 10,873 (12.06%)
  • Others at 2,939 (3.26%)

Year on Year Comparison : Compared to West Midlands Property Market 2015 in 2016

  • Total number of property sales in 2016 has increased by 1.40%.
  • All property types have shown growth in number of properties sold except property type Terraced, Detached.
  • Property Type Other has shown significant growth of 68.5%

 

 

Average & Median Sales Price 

West Midlands - Average & Median Sales Price

The average sales price in West Midlands was £220 K. For the different property types it was

  • Detached £317 K
  • Semi-Detached £178 K
  • Terraced £149 K
  • Flat/Maisonette £133 K
  • Other it is £806 K

The median sales price in West Midlands was £166 K. For the different property types it was

  • Detached £277 at K
  • Semi-Detached at £162 K
  • Terraced at £133 K
  • Flat/Maisonette at £120 K
  • Other it is at £247 K

 Year on Year Comparison : Compared to West Midlands Property Market 2015 in 2016

  • The average and median property prices have gone up except for property type Other

 

 

Average & Median Sales Price By County

West Midlands - Average Sales Price By County

The average sales price at the county level in West Midlands 2016 is as above.

West Midlands - Median Sales Price By County

The median sales price at the county level in West Midlands 2016 is as above.

Year on Year Comparison : Compared to West Midlands Property Market 2015 in 2016

  • The average and median sales price across all the counties have gone up except for Herefordshire, Stoke-On-Trent
  • The median sales price across all the counties have gone up

 

 

New Vs Not New Property Statistics
West Midlands - New Vs Not New Property Statistics

 

By Value Of Sales

  • The sales value contributed by New Property was £1.77 billions (8.94%)
  • where as Not New Property contributed  £18.04 billions (91.06%) 

By Number Of Sales

  • New properties sold were 7,766 (8.61%)
  • where as not new property sold were 82,408 (91.39%).

Year on Year Comparison : Compared to West Midlands Property Market 2015 in 2016

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

 

All England Posts

 

North West England Property Market 2016

Story Highlights

  • North West England had total property sales of £23 billions in 2016
  • Across its counties the maximum sale was in Greater Manchester at £8.7 billions
  • The total number of properties  sold in 2016 was 119,347
  • In North West England the average sales price was £190 K, while median was £143 K
  • The average sales price at county level was maximum in Cheshire East at £264 K 
  • New Property contribution by sales value was 7.5%, where as Not New was 92.49%
  • Stamp duty hike caused monthly spike in March
  • Brexit did not have impact on North West England property market in 2016

 

North West England is one of the 9 principal areas of England. It consists of Cheshire East, Cheshire West and Chester, Halton, Warrington, Cumbria, Greater Manchester, Lancashire, Blackpool, Blackburn With Darwen, Merseyside.

 

Total Sales By County

North West England - Total Sales By County

 

North West England had total property sales of £23 billions. It is 7.61% of England and Wales Property Market 2016.

The  split of £23 billions across its counties as above.

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

 
 
 

Total Value of Sales By Property Types

North West England - Total Value of Sales By Property Types

 The  split of £23 billions across its property types was :

  • Detached at £6.84 billions (30.22%)
  • Semi-Detached at £6.46 billions (28.57%) 
  • Terraced at £4.68 billions (20.69%)
  • Other at £2.677 billions (11.83%)
  • Flat/Maisonette at £1.967 billions (8.69%) 

Year on Year Comparison : Compared to North West England Property Market 2015 in2016

  • All the property types sales have shown growth.

 

 

Month-wise Break-up of Total Sales

North West England - Month-wise Break-up of Total Sales

 

Stamp Duty Hike Impact

  1. March had property sale spike of £2.95 billions compared to £1.63 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 dip in property sales in the immediate aftermath of Brexit 
  3. Compared to 2015 in 2016, the North West property market has shown a growth of 4.55%
  4. Brexit does not seem to have had negative impact on North West England property market  

 

 

Total Number of Sales By Property Types

North West England - Total Number of Sales By Property Types

The total property sales of £23 billions in 2016 was spread over 119,347 properties.

  • Terraced properties was at 39,714 (33.28%)
  • Semi-Detached at 37,863 (31.73%)
  • Detached at 22,541 (18.89%)
  • Flat/Maisonette at 14,832 (12.43%)
  • Other at 4,397 (3.68%)

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

  • Total number of property sales in 2016 has increased by 1.27 %.
  • All property types have shown increase in number of properties sold except property type Detached, Flat/Maisonette

 

 

Average & Median Sales Price 

North West England - Average & Median Sales Price

The average sales price in North West England in 2016 was £190 K.

For the different property types it was

  • Detached at £303 K
  • Semi-Detached at £171 K
  • Terraced at £118 K
  • Flat/Maisonette at £133 K
  • Other it is at £609 K

Similarly median sales price in North West England in 2016 was £143 K.

For the different property types it was

  • Detached at £255 K
  • Semi-Detached at £150 K
  • Terraced at £100 K
  • Flat/Maisonette at £120 K
  • Other it is at £175 K

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

  • The average and median property prices have gone up except for property type Other

 

 

Average & Median Sales Price By County

North West England - Average Sales Price By County

The average sales price in 2016 at county level in North West England was 

North West England - Median Sales Price By County

The median sales price in 2016 at county level in North West England is as above.  

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

  • The average sales price across all the counties have gone up except for Halton,Blackburn With Darwen.
  • The median sales price across all the counties have gone up. 

 

 

New Vs Not New Property Statistics

North West England - New Vs Not New Property Statistics

By Total Values Of Sales

  • Sales value contributed by New Property was £1.7 billions (7.51%)
  •  Not New Property contributed £20.93 billions (92.49%)

By Total Number Of Sales

  • New properties sold were 8,434 (7.07%)
  • Not new property sold were 110,913 (92.93%)

Year on Year Comparison : Compared to North West England Property Market 2015

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

All North West England Posts