Story Highlights

• Brent had total Property Sales of £1.91 billions in 2016
• The total number of properties sold in year 2016 was 3,300
• The average property price was £580 K in Brent, while median was £445 K
• Not New Property contributed 80.93% and New Property 19.07% by sales value
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty Hike stagnates the property market and total property sales stagnates

 

Brent is one of the Boroughs of West London. It had total Property Sales of £1.91 billions which was 13.62% of West London Property Market 2016.

 

Total Sales By Property Type

The split of £1.91 billions across the different property types are:

• Flat/Maisonette: £860 millions (44.95%)
• Terraced: £363 millions (18.98%)
• Other: £294 millions (15.38%)
• Semi-Detached: £289 millions (15.11%)
• Detached: £107 millions (5.59%).

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

• Flat/Maisonette, Other have shown growth in property sales by value
• Terraced, Semi-Detached, Detached have shown decline in property sales by value
• Property sales has remained fairly constant over 2015

 

 

Brent Property Market at Postcode Level

Postcode	Coverage Area	Local Authority Area
EC1V	Finsbury (east), Moorfields Eye Hospital	Islington, Hackney, Brent
HA0	Alperton, Sudbury, Sudbury Hill, Wembley Central and North Wembley	Brent, Harrow, Ealing
HA1	Harrow, Harrow on the Hill, North Harrow, Northwick Park, Sudbury, Sudbury Hill	Harrow, Brent
HA3	Harrow Weald, Kenton, Wealdstone, Queensbury, Belmont (part)	Harrow, Brent
HA8	Edgware, Burnt Oak, Canons Park, Queensbury	Barnet, Brent, Harrow
HA9	Wembley, Wembley Park, Wembley Central (East), Preston, Tokyngton	Brent
NW2	Cricklewood district: Cricklewood, Dollis Hill, Childs Hill, Golders Green (part), Brent Cross (part), Willesden (north), Neasden (north)	Barnet, Brent, Camden
NW6	Kilburn district: Kilburn, Brondesbury, West Hampstead, Queen's Park, Kensal Green (part), South Hampstead (south), Swiss Cottage (west)	Brent, Camden, Westminster
NW9	The Hyde district: The Hyde, Colindale, Kingsbury, West Hendon, Queensbury (part)	Barnet, Brent, Harrow
NW10	Willesden district: Willesden, Harlesden, Kensal Green, Brent Park, College Park, Stonebridge, North Acton (part), West Twyford, Neasden (south), Old Oak Common, Park Royal (north)	Brent, Ealing, Hammersmith and Fulham, Kensington and Chelsea
W9	Maida Hill, Maida Vale, Little Venice (part)	Westminster, Brent, Camden
W10	North Kensington, Kensal Town, Ladbroke Grove (north), Queen's Park (part)	Kensington and Chelsea, Westminster, Hammersmith and Fulham, Brent

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

 

 

Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

1. March had property sale spike of £338 millions  compared to £151 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 the property market for Brent has remained fairly constant

 

 

Total No Of Properties Sold By Property Type

 In Brent the total number of properties sold in year 2016 was 3300

The breakdown by different property types are:

• Terraced: 510 (15.45%)
• Semi-Detached: 414 (12.55%)
• Other: 165 (5%)
• Flat/Maisonette: 2,101 (63.67%)
• Detached: 110 (3.33%).

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

• Total number of property sales in Brent has declined by 6.33%
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant growth by 87.5% over 2015 in terms of number of properties sold

 

 

Average & Median Sales Price

 

In 2016 the Average property price was £580 K in Brent. The average property price for the different property types are:

• Detached: £972 K
• Flat/Maisonette: £409 K
• Other: £1.78 millions
• Semi-Detached: £698 K
• Terraced: £712 K.

The Median property price was £445 K. The median property price for the different property types are:

• Detached: £775 K
• Flat/Maisonette: £369 K
• Other: £385 K
• Semi-Detached: £585 K
• Terraced: £560 K

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

• The average and median sales price across all property types have gone up except for Detached, Other

 

 

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property Contributed £1.55 billion (80.93%)
• New Property £365 millions (19.07%)

 By Number Of Sales

• The number of Not New Property sold was 2,448 (74.18%)
• whereas the number of New Property sold was 852 (25.82%)

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

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

 

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Story Highlights

• West London had total property sales of approx. £14 billions in 2016
• The maximum sales was in Richmond Upon Thames at £2.55 billions
• The total number of West London properties sold in 2016 was 21,484
• The average sales price in West London was £654 K, whereas median was £457 K
• By borough the average price was maximum in Hammersmith And Fulham at £991 K
• New Property sales were 10.43% by value, whereas Not New Property contributed 89.57%
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty changes caused significant decline in West London Property Market 2016 over 2015

 

West London boroughs are Brent, Ealing, Hammersmith & Fulham, Harrow, Hillingdon, Hounslow, Richmond upon Thames

 

Total Sales By Borough

West London in 2016 had total property sales of £14 billions. It was 18.48% of the London Property Market 2016.

The split of £14 billions across the different property types are:

• Richmond Upon Thames £2.55 billions (18.18%)
• Hammersmith And Fulham £2.39 billions (17.04%)
• Ealing £2.18 billions (15.51%)
• Brent £1.9 billions (13.62%)
• Hounslow £1.86 billions (13.27%)
• Hillingdon £1.8 billions (12.8%)
• Harrow £1.35 billions (9.58%)

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

•  All the boroughs have shown decline in total sales by value.
• The decline in West London property market has been 7.14% 

 

 

Total Sales By Property Types

The split across the different property types are:

• Detached at £1.19 billions (8.48%)
• Other at £2.16 billions (15.36%)
• Semi-Detached at £2.35 billions (16.75%)
• Terraced at £3.5 billions (25.14%)
• Flat/Maisonette at £4.8 billions (34.27%)

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

• All the property types have shown decline in sales except Other
• Others has shown growth of 6.93% in total sales value

 

 

Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

1. March had property sale spike of £2.42 billions  compared to £1.03  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 the property market for West London has declined by £1 billions i.e. 6.93% over 2015

 

 

Total Number Of Sales By Property Types

The total number of properties sold in West London 2016 was 21,484

• Detached 1,118 (5.2%)
• Semi-Detached 3,515 (16.36%)
• Terraced 5,057 (23.54%)
• Flat/Maisonette 10,838 (50.45%)
• Other 956 (4.45%)

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

• Total number of property sales in West London has decreased by 3,404 which is 15.84% decline
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant increase  of 53% from 627 in 2015 to 956 in 2016.

 

 

Average & Median Sales Price

The average sales price in West London was £654 K. For the different property types it was:

• Detached £1.07 millions
• Semi-Detached £670 K
• Terraced £698 K
• Flat/Maisonette £444 K
• Other it was £2.26 millions.

Similarly the median sales price in West London was £457 K. For the different property types it was:

• Detached £825 K
• Semi-Detached £530 K
• Terraced £525 K
• Flat/Maisonette £376 K
• Other it was £383 K

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

• The average and median sales price across all property types have gone up except for others

 

 

Average & Median Sales Price By Borough

The average sales prices in West London at Borough level is as above.

• The maximum average sales price is for Hammersmith And Fulham £991 K
• Richmond Upon Thames £835 K
• Ealing £636 K
• Hounslow £607 K
• Brent £580 K
• Hounslow £607 K
• Harrow £514 K
• with minimum for Hillingdon at £499 K

 The median sales prices in West London at Borough level is as above:

• The maximum median sales price was for Hammersmith And Fulham £703 K
• Richmond Upon Thames £600 K
• Ealing £446 K
• Brent £445 K
• Harrow £440 K
• Hillingdon at £390 K
• with minimum for Hounslow £380 K

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

• The average and median sales price across all the West London boroughs have gone up except for Hammersmith and Fulham
• Hammersmith and Fulham had decline in average and median sales price

 

 

New Vs Not New Property Statistics

By Value Of Sales

• The sales value contributed by New Property was £1.46 billions (10.43%)
• where as Not New Property contributed £12.6 billions (89.57%)

By Number Of Sales

• New properties sold were 2,809 (13.07%)
• where as not new property sold were 18,675 (86.93%).

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

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

 

 

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 For 2016 details - Richmond Upon Thames Property Market 2016

Story Highlights

• Richmond Upon Thames had total Property Sales of £2.76 billions in 2015
• The total number of properties sold in year 2015 was 3437
• The Average property price was £804 K while Median was was  £573 K
• Not New Property contributed 97.5% and New Property 2.5% by sales value

 

Total Sales By Property Type

 

Richmond Upon Thames is one of the Boroughs of West London. It had total Property Sales of £2.76 billions which was 17.85% of West London Property Market 2015.

The split across the different property types are:

• Terraced £917 millions (33.2%)
• Semi-Detached £593 millions (21.45%)
• Other £222 millions (8.02%)
• Flat/Maisonette £675 millions (24.43%)
• Detached £356 millions (12.9%).

 

 

Total Number Of Sales By Property Types

 

In Richmond Upon Thames the total number of properties sold in year 2015 was 3437. The breakdown by different property types are:

• Terraced 1098 (31.95%)
• Semi-Detached 580 (16.88%)
• Other 67 (1.95%)
• Flat/Maisonette 1474 (42.89%)
• Detached 218 (6.34%).

 

 

Average & Median Sales Price 

 

In 2015 the Average property price was £804 K in Richmond Upon Thames. The average property price for the different property types are:

• Detached £1.63 million
• Flat/Maisonette £458 K
• Other £3.3 millions
• Semi-Detached £1.02 million
• Terraced £835 K.

The Median property price was £573 K. The median property price for the different property types are:

• Detached £1.24 million
• Flat/Maisonette £405 K
• Other £510 K
• Semi-Detached £780 K
• Terraced £720 K.

 

 

New Vs Not New Property Statistics

 

By Value Of Sales

• Not New Property Contributed £2.69 billion (97.5%)
• New Property 69 millions (2.5%) giving combined total of £2.76 billions.

 By Number Of Sales

• The number of Not New Property sold was 3307 (96.22%)
• whereas the number of New Properties sold was 130 (3.78%) giving combined total of 3437.

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 For 2016 details - Hounslow Property Market 2016

Story Highlights

• Hounslow had total Property Sales of £1.85 billions in 2015.
• The total number of properties sold in year 2015 was 3604.
• The Average property price was £514 K while Median was was £355 K.
• Not New Property contributed 84.46% and New Property 15.54% by sales value

 

Total Sales By Property Type

 

Hounslow is one of the Boroughs of West London. It had total Property Sales of £1.85 billions which was 11.96% of West London Property Market 2015.

The split across the different property types are:

• Terraced: £472 millions (25.49%)
• Semi-Detached: £346 millions (18.69%)
• Other: £250 millions (13.49%)
• Flat/Maisonette: £711 millions (38.43%)
• Detached: £72 millions (3.9%).

 

 

Total Number Of Sales By Property Types

 

In Hounslow the total number of properties sold in year 2015 was 3604. The breakdown by different property types are:

• Terraced: 913 (25.33%)
• Semi-Detached 615 (17.06%)
• Other 90 (2.5%)
• Flat/Maisonette 1902 (52.77%)
• Detached 84 (2.33%).

 

 

Average & Median Sales Price 

 

In 2015 the Average property price was £514 K in Hounslow. The average price for the different property types are:

• Detached £859 K
• Flat/Maisonette £374 K
• Other £2.8 millions
• Semi-Detached £563 K
• Terraced £517 K.

The Median property price was £355 K. The median property price for the different property types are:

• Detached £540 K
• Flat/Maisonette £318 K
• Other £840 K
• Semi-Detached £400 K
• Terraced £375 K.

 

 

New Vs Not New Property Statistics

 

By Value Of Sales

• Not New Property Contributed £1.56 billion (84.46%)
• New Property 288 millions (15.54%) giving combined total of £1.85 billions.

 By Number Of Sales

• The number of Not New Property sold was 3046 (84.52%)
• whereas the number of New Properties sold were 558 (15.48%) giving combined total of 3604.

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 For 2016 details - Hillingdon Property Market 2016

Story Highlights

• Hillingdon had total Property Sales of £1.9 billions in 2015.
• The total number of properties sold in year 2015 was 4124.
• The Average property price was £453 K while Median was was £350 K.
• Not New Property contributed 90.79% and New Property 9.21% by sales value

 

Total Sales By Property Type

 

Hillingdon is one of the Boroughs of West London. It had total Property Sales of £1.9 billions which was 12.06% of West London Property Market 2015.

The split across the different property types are:

• Terraced: £398 millions (21.31%)
• Semi-Detached: £458 millions (24.53%)
• Other: £298 millions (15.94%)
• Flat/Maisonette: £380 millions (20.38%)
• Detached: £333 millions (17.83%).

 

Total No Of Properties Sold By Property Type

 

In Hillingdon the total number of properties sold in year 2015 was 4124. The breakdown by different property types are:

• Terraced: 1073 (26.02%)
• Semi-Detached: 1068 (25.9%)
• Other: 86 (2.09%)
• Flat/Maisonette: 1425 (34.55%)
• Detached: 472 (11.45%).

 

Average & Median Sales Price

 

In 2015 the Average price was £453 K in Hillingdon. The average property price for the different property types are:

• Detached: £705 K
• Flat/Maisonette: £267 K
• Other: £3.5 millions
• Semi-Detached: £429 K
• Terraced: £371 K.

The Median property price was £350 K. The median property price for the different property types are:

• Detached: £625 K
• Flat/Maisonette: £265 K
• Other: £843 K
• Semi-Detached: £400 K
• Terraced: £361 K.

 

New Vs Not New Property Statistics

 

By Value Of Sales

• Not New Property Contributed £1.69 billion (90.79%)
• New Property 172 millions (9.21%) giving combined total of £1.9 billions.

 By Number Of Sales

• The number of Not New Property sold was 3645 (88.39%)
• whereas the number of New Properties sold were 479 (11.61%) giving combined total of 4124.

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