Story Highlights

• Eastleigh had total property sales of £795 millions in 2016
• The total number of properties sold in 2016 was 2,389 properties
• The average sales price in Eastleigh was £333 K
• New Property sales were 6.9% by value, where as Not New 93.1%
• Stamp duty hike caused monthly spike in March
• Brexit coupled with Stamp Duty Hike have not had negative impact on Eastleigh Property Market in 2016, there was growth of 10.26%  over 2015

Eastleigh is one of the districts in Hampshire

Total Sales By Property Type

Eastleigh had total property sales of £795 millions, which was 8.77% of the total Hampshire property Market in 2016

The split across the different property types are:

• Detached £280 millions (35.23%)
• Terraced £162 millions (20.38%)
• Semi-Detached £143 millions (18.02%)
• Other £124 millions (15.62%)
• Flat/Maisonette £86 millions (10.75%)

Eastleigh Property Market at Postcode Level

Month-wise Break-up of Total Sales

Some of the insights based on the £795 millions month-wise break-down :

Stamp Duty Hike Impact

• March had property sale spike of £82 millions compared to £42 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 10.26% 
• So Brexit and Stamp Duty changes have not had negative impact on Basingstoke and Deane Property Market in 2016

Total No Of Properties Sold By Property Type

The total property sales of £795 millions in 2016 was spread over 2,389 properties.

• Terraced 676 (28.3%)
• Detached 664 (27.79%)
• Semi-Detached 522 (21.85%)
• Flat/Maisonette 474 (19.84%)
• Other 53 (2.22%)

Average & Median Sales Price

The average sales price in Eastleigh was £333 K and for the different property types it was:

• Detached £422 K
• Semi-Detached £275 K
• Terraced £240 K
• Flat/Maisonette £180 K
• Other £2.34 million

Similarly median sales price in Eastleigh was £258 K and for the different property types it was:

• Detached £385 K
• Semi-Detached £265 K
• Terraced £232 K
• Flat/Maisonette £170 K
• Other £499 K

New Vs Not New Property Statistics

By Sales Value the split is as follows:

• New Property contributed £55 millions (6.9%)
• Not New Property contributed £741 millions (93.1%)

By Total Number the split is as follows:

• New properties sold were 178 (7.45%)
• Not new property sold were 2,211 (92.55%).

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