Story Highlights

• Camden in 2016 had total property sales of £3.5 billions
• The total number of property sold in Camden 2016 was 2525
• The average sales price in Camden was £1.38 millions and the median sales price was £715 K
• The sales value contributed by New Property was 5.63% where as Not New Property contributed 94.37%
• Stamp duty caused monthly spike in March
• Brexit coupled with Stamp duty changes caused total sales to decline by 9.8% in 2016

Total Sales By Property Type

Camden is one of the Boroughs of Central London. It had total Property Sales of  £3.5 billions which was 14.16% of Central London Property Market 2016.

The split across the different property types are:

• Terraced £486 millions (13.9%)
• Semi-Detached £223 millions (6.37%)
• Other £1.07 billion (30.6%)
• Flat/Maisonette £1.56 billions (44.71%)
• Detached £154 millions (4.42%)

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

• Camden had property sales decrease of £0.38 billions i.e. 9.8%
• Terraced, Flat/Maisonette, Detached had decrease in total property sales 
• Semi-Detached, Other had increase in total property sales 

Camden Property Market at Postcode level

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

Month-wise Break-up of Total Sales

Some of the insights based on the £3.5 billions month-wise break-down :

Stamp Duty Hike Impact

1. March had property sale spike of £683 millions  compared to £250 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  seem to have been some dip in property sales in the immediate aftermath of Brexit 
3. Year on Year the property market for Camden has shown a decline of 9.8% over 2015

Total No Of Properties Sold By Property Type

 In Camden the total number of properties sold in year 2016 was 2525. The breakdown by different property types are:

• Terraced 255 (10.1%)
• Semi-Detached 67 (2.65%)
• Other 238 (9.43%)
• Flat/Maisonette 1936 (76.67%)
• Detached 29 (1.15%)

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

• Total sales volume has declined by 12.4%
• All the property type except Other had lower sales volume compared to 2015
• Other had sales volume growth of 60.8%

Average & Median Sales Price

In 2016 the Average property price was £1.38 millions in Camden. The average price for the different property types are:

• Detached £5.33 millions
• Flat/Maisonette £808 K
• Other £4.5 millions
• Semi-Detached £3.3 millions
• Terraced £1.91 millions

The Median Price was £715 K. The median property price for the different property types are:

• Detached £3.35 millions
• Flat/Maisonette £650 K
• Other £603 K
• Semi-Detached £2.75 millions
• Terraced £1.6 millions.

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

• All property types have had increase in average and median sales price except for Other, Flat/Maisonette

New Vs Not New Property Statistics

By Value Of Sales

• The sales value contributed by New Property was £197 millions (5.63%)
• Not New Property contributed £3.3 billions (94.37%)

By Number Of Sales

• New properties sold were 214 (8.48%)
• Not new property sold were 2311 (91.52%)

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

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

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