South West England Property Market 2016

Story Highlights

  • South West had total property sales of £31 Billions in 2016
  • Across its counties the property sale was maximum in Devon at £4.43 Billions
  • The number of properties sold in South West was 109,500 properties.
  • The average sales price in South West was £280 K, while median was £225 k.
  • The average sales price across counties was maximum in Bath And North East Somerset at £410 K
  • New properties contributed 8.13% and not new property contributed 91.87% by value
  • Stamp duty hike caused monthly spike in March
  • Brexit coupled with Stamp Duty did not have negative impact on South West England property market 2016

 

South West England is one of the 9 principal areas of England. It comprises of Bath and North East Somerset, North Somerset, Bristol, South Gloucestershire, Gloucestershire, Swindon, Wiltshire, Dorset, Poole, Bournemouth, Somerset, Devon, Torbay, City Of Plymouth, Isles of Scilly, Cornwall.

 

Total Sales By County

South West England - Total Sales By County

South West had total property sales of £31 Billions. It contributed 10.31% of the England and Wales Property Market 2016 

The total sales of £31 billions in 2016 was split across its counties as above.

 

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

  • All the counties had growth in total sales except Swindon, Torbay

 

Total Value of Sales By Property Types

South West England - Total Value of Sales By Property Types

The split of £31 Billions across the different property types was :

  • Detached at £11.45 billions (37.34%)
  • Terraced at £6.86 billions (22.36%)
  • Semi-Detached  at £5.78 billions (18.86%)
  • Flat/Masionette at £3.76 billions (12.28%)
  • Other at £2.81 Billions (9.15%)

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

  • All the property types sales value have shown growth except Detached
  • Year on Year growth was 3.33% compared to 2015 

 

 

Month-wise Break-up of Total Sales

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

Some of the insights based on the £31 billions month-wise break-down :

Stamp Duty Hike Impact

  1. March had property sale spike of £4.15 billions compared to £2.33 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 was 3.33% compared to 2015 
  4. Brexit coupled with Stamp Duty did not have negative impact on South West England property market 2016

 

 

Total Number of Sales By Property Types

South West England - Total Number of Sales By Property Types

The total property sales of £31 Billions in 2016 was spread over 109,500 properties.

  • Terraced properties at 31,424 (28.7%) ,
  • Detached at 30,152 (27.54%),  
  • Semi-Detached at 23,610 (21.56%),
  • Flat/Maisonette at 20,562 (18.78%),
  • Others at 3,752 (3.43%) 

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

  • Total number of property sales in 2016 has decreased by  2.02%.
  • All property types have shown decline in number of properties sold except property type Other.
  • Other has shown significant increase of 114% 

 

 

Average & Median Sales Price

South West England - Average & Median Sales Price

The average sales price in South West was £280 K. For the different property types it was

  • Detached at £380 K
  • Semi-Detached at £245 K
  • Terraced at £218 K
  • Flat/Maisonette at £183 K
  • Other it is at £748 K

The median sales price in South West was £225 K. For the different property types it was

  • Detached £328 K
  • Semi-Detached £223 K
  • Terraced £190 K
  • Flat/Maisonette £153 K
  • Other £280 K

Year on Year Comparison : Compared to South West England 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 County

South West England - Average Sales Price By County

The average sales price for the counties of South West England are as above.

 South West England -Median Sales Price By County

 

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

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

 

New Vs Not New Property Statistics

South West England - New Vs Not New Property Statistics

By Sales Value

  • The sales value contributed by New Property was £2.49 billions (8.13%)
  • where as Not New Property contributed £28.16 billions (91.87%)

By Number Of Sales

  • Number of new properties sold were 9,169 (8.37%)
  • where as not new property sold were 100,331 (91.63%).

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

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

 

All South West England Posts

 

East Of England Property Market 2016

Story Highlights

  • East of England had total property sales of £36 billions in 2016.
  • The total number of properties sold in 2016 was 112,401 properties.
  • The total value of sales was maximum for Essex at £9.4 Billions
  • The average sales price in East of England was £321 K, whereas median was £252 K
  • The average sales at county level was maximum in Hertfordshire at £461 K 
  • New Property contributed 8.7%, whereas Not New Property contributed 91.3% by value
  • Stamp duty hike caused monthly spike in March
  • Brexit coupled with Stamp Duty Hike did not have major impact in East of England Property Market 2016

 

East of England is one of the 9 principal areas of England.

It consists of the counties: Thurrock, Southend-on-Sea, Essex, Hertfordshire, Luton, Bedford, Central Bedfordshire, Cambridgeshire, City Of Peterborough, Norfolk, Suffolk. Essex has the highest population in the region.

 

Total Sales By County

East of England - Total Sales By County

East of England had total property sales of £36 billions. It contributed 12.14% of the England Wales Property Market 2016.

The split across its counties as above.

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

  • East of England property sales has shown growth of 5.88%
  • All counties had growth over 2015 except City Of Peterborough

 

 

Total Value of Sales By Property Types

East of England - Total Value of Sales By Property Types

The split of £36 billions across the different property types are

  • Detached at £13.17 billions (36.51%)
  • Semi-Detached at £7.99 billions (22.14%) 
  • Terraced at £7.7 billions (21.37%)
  • Flat/Maisonette at £4.07 billions (11.27%) 
  • Other at £3.14 billions (8.71%).

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

  • All the property types sales have shown growth except Detached

 

 

Month-wise Break-up of Total Sales

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

Some of the insights based on the £36 Billions month-wise break-down :

Stamp Duty Hike Impact

  1. March had property sale spike of £4.65 billions compared to £2.68 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 has been 5.88%
  4. So Brexit does not seem to have had major impact on East Of England Property Market 2016

 

 

Total Number of Sales By Property Types

East of England - Total Number of Sales By Property Types

 

The total property sales of £36 Billions in 2016 was spread over 112,401 properties.

  • Terraced properties was 30,398 (27.04%) 
  • Detached 30,764 (27.37%)
  • Semi-Detached 27,201 (24.2%)
  • Flat/Maisonette 20,804 (18.51%)
  • Others 3,234 (2.88%)

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

  • Total number of property sales in 2016 has decreased by 3.81%.
  • All property types have shown decline in number of properties sold except property type Flat/Maisonette and Other.
  • Other has shown significant increase of 83% 

 

Average & Median Sales Price 

East of England - Average & Median Sales Price

The average sales price in East of England was £321 K. For the different property types it was

  • Detached at £428 K,
  • Semi-Detached at £294 K,
  • Terraced at £254 K,
  • Flat/Maisonette at £196 K
  • Other it is at £972 K

Median sales price in East of England was £252 K. For different property types it was

  • Detached at £355 K,
  • Semi-Detached at £260 K,
  • Terraced at £230 K,
  • Flat/Maisonette at £175 K
  • Other it is at £300 K

Year on Year Comparison : Compared to East of England 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 County

East of England - Average Sales Price By County

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

East of England - Median Sales Price By County

The median of sales price at county level in East Of England in 2016 is as above.

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

  • The average and median sales price across all the counties have gone up except for City Of Peterborough
  • The  median sales price across all the counties have gone up

 

 

New Vs Not New Property Statistics

East of England - New Vs Not New Property Statistics

By Value Of Sales

  • The sales value contributed by New Property was £3.14 billions (8.7%)
  • where as Not New Property contributed £32.9 billions (91.3%).

By Number Of Sales

  • New properties sold were 10,191 (9.07%)
  • where as not new property sold were 102,210 (90.93%).

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

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

 

All East of England Posts

 

 

 

South East England Property Market 2016

Story Highlights

  • South East England had total property sales of £62 Billions in 2016
  • Total Sales By county was maximum in Surrey at £10.73 Billions
  • The total number of properties sold in 2016 was 164,115 properties
  • The average sales price in South East England was £377 K, whereas median was £291 K
  • The average sales price in South East England at County level was maximum for Surrey at £527 K 
  • New Property sales were 8.37% by value, whereas Not New Property contributed 91.63%
  • Stamp duty hike caused monthly spike in March
  • Brexit coupled with Stamp Duty Hike arrested the sharp growth in South East England property market in 2016, there was modest growth of 1.63%

 

South East is one of the 9 principal areas of England. South East England counties are Berkshire, Buckinghamshire, Milton Keynes, East Sussex, Brighton & Hove,Hampshire, Southampton, Portsmouth, Isle Of Wight, Kent, Medway, Oxfordshire, Surrey, West Sussex.  It is the most populous of the nine regions of England.

 

Total Sales By County
South East - Total Sales By County

South East England had total property sales of £62 Billions. It contributed 20.82% of the England and Wales Property Market 2016

 County wise split of South East England property market 2016 was :

 

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

 

 

Total Value of Sales By Property Types
South East England - Total Value of Sales By Property Types

The split of £62 Billions across the different property types was

  • Detached at £22.2 Billions (%)
  • Terraced at £12.61 Billions (%)
  • Semi-Detached at £12.36 Billions (%)   
  • Flat/Maisonette at £8.54 Billions (%)
  • Other at £6.18 billions (%)

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

  • All the property types sales have shown growth except Detached

 

 

Month-wise Break-up of Total Sales
South East England - Month-wise Break-up of Total Sales

Some of the insights based on the £62 Billions month-wise break-down :

Stamp Duty Hike Impact

  • March had property sale spike of £8.29 billions compared to £4.41 billions 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 1.63%
  • So Brexit has cooled the sharp growth in property market witnessed over the last couple of years

 

 

Total Number of Sales By Property Types
South East England - Total Number of Sales By Property Types

The total property sales of £62 Billions in 2016 was spread over 164,115 properties.

  • Terraced properties at 43,039 (26.22%)
  • Detached at  39,578 (24.12%)
  • Semi-Detached at 36,624 (22.32%)  
  • Flat/Maisonette at 39,470 (24.05%)
  • Others at 5,404 (3.29%)

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

  • Total number of property sales in 2016 has decreased by  5.77%.
  • All property types have shown decline in number of properties sold except property type Other.
  • Other has shown significant increase  of 98% 

 

 

Average & Median Sales Price 
South East England - Average & Median Sales Price

The average sales price in South East was £377 K. For the different property types it was

  • Detached at £561 K
  • Semi-Detached at £344 K
  • Terraced at £287 K
  • Flat/Maisonette at £216 K
  • Other it is at £1.14 million.

Similarly median sales price in South East was £291 K. For different property types it was

  • Detached at £468 K
  • Semi-Detached at £315 K
  • Terraced at £260 K
  • Flat/Maisonette at £195 K
  • Other it is at £325 K

Year on Year Comparison : Compared to South East England 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 County
South East England - Average Sales Price By County

The average sales price in South East in 2016 is as above.

 

South East England - Median Sales Price By County

 

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

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

 

 

New Vs Not New Property Statistics
South East England - New Vs Not New Property Statistics

 

By Value Of Sales

  • The sales value contributed by New Property was £5.18 billions (8.37%)
  • where as Not New Property contribute £56.72 billions ( 91.63%)

By Number Of Sales

  • New properties sold were 14,814 (9.03%)
  • where as Not New Property sold were 149,301 (90.97%)

Year on Year Comparison : Compared to England and Wales Property Market 2015 in 2016

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

 

All England Posts

 

 

England and Wales Property Market 2016

Story Highlights

  • England and Wales had total property sales of approx. £297 billions in 2016
  • The total number of properties sold in 2016 was 971,782
  • By region the maximum sales was in Greater London at £76 billions 
  • The average sales price in England and Wales was £306 K, whereas median was £213 K
  • By region the average price was maximum in London at £674 K and median at £435 K
  • New Property sales were 9.47% by value, where as Not New Property contributed 90.53%
  • Stamp duty hike caused monthly spike in March
  • Brexit coupled with Stamp Duty Hike arrested the sharp growth of England and Wales property market in 2016 that was witnessed over the last couple of years

 

England and Wales property market 2016 is as below. The regions it is made up of are Greater London, South East England, East Of England, South West England, North West England , West Midlands, East Midlands, Yorkshire and the Humber, Wales, North East England.

 

 

Total Sales By Region 

England and Wales 2016 - Total Sales By Regions

 

The total property sales of England and Wales combined was approx. £297 billions which is £2 billions growth over 2015.

Region wise Split of England and Wales property market 2016 was :

Year on Year Comparison : Compared to England and Wales Property Market 2015 

 

 

 

Total Sales By Property Type

 England and Wales 2016 - Total Sales By Property Type

 The split of £297 billions across the different property types was

  • Terraced at £64 billions (21.41%),
  • Semi-Detached at £59 billions (19.91%),
  • Other at £36 billions (12.06%),
  • Flat/Maisonette at £54 billions (18.18%),
  • Detached at £85 billions (28.44%).

Year on Year Comparison : Compared to England and Wales Property Market 2015 

  • All the property types sales have shown decline except Other and Semi-Detached. 
  • Other has shown a growth of 16%, which indicates growth in property sales for commercial and business purposes.

 

 

Month-wise Break-up of Total Sales

England and Wales 2016 - Month-wise Break-up of Total Sales

Some of the insights based on the £297 billions month-wise break-down :

Stamp Duty Hike Impact

  1. March had property sale spike of £42 billions compared to £22 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 4 years have been 30.82% in 2013, 32.21 % in 2014, 7.27% in 2015, 0.67% in 2016.
  4. Brexit has cooled the sharp growth in property market witnessed over the last 4 years.

 

 

Total No Of Properties Sold By Property Type

 England and Wales 2016 - Total No Of Properties Sold By Property Type

England and Wales had total property sales of 971,782  

The split across the different property types are

  • Detached are 220,696 (22.71%)
  • Flat/Maisonette at 191,399 (19.7%)
  • Other at 34,216 (3.52%)
  • Semi-Detached at 248,113 (25.53%)
  • Terraced at 277,358 (28.54%)

Year on Year Comparison : Compared to England and Wales Property Market 2015 

  • Total number of property sales in 2016 has decreased by 2.66%.
  • All property types have shown decline in number of properties sold except property type Other.
  • Other has shown significant increase  of 94% from 17,614 in 2015 to 34,216 in 2016.

 

 

Average & Median Sales Price 

 England and Wales 2016 - Average & Median Sales Price

 

The average sales price in England and Wales was £306 K

For the different property types it was:

  • Detached at £383 K
  • Semi-Detached at £239 K
  • Terraced at £230 K
  • Flat/Maisonette at £282 K
  • Other it is at £1.05 million.

Similarly median sales price in England and Wales was £213 K

For the different property types it was:

  • Detached at £305 K
  • Semi-Detached at £187 K
  • Terraced at £168 K
  • Flat/Maisonette at £198 K
  • Other it is at £239 k.

Year on Year Comparison : Compared to England and Wales Property Market 2015 

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

 

 

Average and Median Sales Price By Regions

 England and Wales 2016 - Average Sales Price By Regions

The average sales price by region in England and Wales was :

 

England and Wales 2016 - Median Sales Price By Regions

 

The median sales price by region in England and Wales was :

Year on Year Comparison : Compared to England and Wales Property Market 2015

  • The average and median sales price across all the regions except North East England, have gone up
  •  London has maximum average and median sales price

 

 

New Vs Not New Property Statistics

England and Wales 2016 - New Vs Not New Property Statistics

By Sales Value

  • Sales value contributed by New Property was £28 billions (9.47%)
  • Not New Property contributed £269 billions (90.53%).

By Number Of Sales

  • New Properties sold were 88,613 (9.12%)
  • Not New Properties sold were 88,3169 (90.88%) 

Year on Year Comparison : Compared to England and Wales Property Market 2015

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

 

 All England Posts

England and Wales Property Market 2015

 For 2016 details - England and Wales Property Market 2016 

Story Highlights

  • England and Wales had total property sales of approx. £295 billions in 2015
  • The total number of properties sold in 2015 was 99,8376
  • The maximum sales was in Greater London at £82 billions 
  • The average sales price in England and Wales was £295.69, whereas median was £205 K
  • The average price was maximum in Greater London at £636 K and median at 399 K
  • New Property sales were 10.57% by value where as Not New Property contributed 89.43%

 

 

England and Wales property market 2015 is as below. The regions it is made up of are Greater London, South East England, East of England, South West England, North West England , West Midlands, East Midlands, Yorkshire and the Humber, Wales, North East England.

 

Total Sales By Regions

England and Wales - Total Sales By Regions

The total property sales of England and Wales combined was approx. £295 billions.

Region wise split of England and Wales property market 2015 is :

 

 

 

Total Sales By Property Type

England and Wales - Total Sales By Property Type

 The split of £295 billions across the different property types are

  • Terraced at £65 billions (22.02%),
  • Semi-Detached at £58 billions (19.58%),
  • Other at £31 billions (10.47%),
  • Flat/Maisonette at £55 billions (18.78%),
  • Detached at £86 billions (29.15%).

 

 

 

Total No Of Properties Sold By Property Type

England and Wales - Total No Of Properties Sold By Property Type

England and Wales had total property sales of 998,376.  

The split across the different property types are

  • Detached are 233,968 (23.43%)
  • Flat/Maisonette at 201,401 (20.17%)
  • Other at 17,614 (1.76%),
  • Semi-Detached at 252,871 (25.33%)
  • Terraced at 292,522 (29.3%).

 

 

 

Average & Median Sales Price 

England and Wales - Average & Median Sales Price

The average sales price in England and Wales was £295.69 K.

For the different property types it was:

  • Detached at £368 K,
  • Semi-Detached at £229 K,
  • Terraced at £222 K,
  • Flat/Maisonette at £275 K
  • Other it is at £1.75 million.

 

Similarly median sales price in England and Wales was £205 K.

For different property types it was:

  • Detached at £293 K,
  • Semi-Detached at £180 K,
  • Terraced at £163 K,
  • Flat/Maisonette at £189 K
  • Other it is at £355 k.

 

 Average and Median Sales Price By Regions

 

England and Wales - Average Sales Price By Regions

The average sales price by region in England and Wales are :

 

 

England and Wales - Median Sales Price By Regions

The median sales price by region in England and Wales are :

 

 

New Vs Not New Property Statistics

England and Wales - New Vs Not New Property Statistics

By Sales Value

  • Sales value contributed by New Property was £31 billions (10.57%)
  • where as Not New Property contribute £264 billions (89.43%).

 

By Number Of Sales

  • New properties sold were 104,221 (10.44%)
  • where as not new property sold were 894,155 (89.56%).

 All England Posts