Story Highlights

• New Forest had total property sales of £1.6 Billions in 2016
• The total number of properties sold in 2016 was 3,499 properties
• The average sales price in New Forest was £461 K
• New Property sales were 2.1% by value, where as Not New 97.9%
• Stamp duty hike caused monthly spike in March
• Brexit coupled with Stamp Duty Hike have not had negative impact on New Forest Property Market in 2016, there was growth of 27.43%  over 2015

New Forest is one of the districts in Hampshire

Total Sales By Property Type

New Forest had total property sales of £1.6 Billions, which was 17.78% of the total Hampshire property Market in 2016

The split across the different property types are:

• Detached £696 millions (43.17%)
• Other £414 millions (25.69%)
• Terraced £192 millions (11.88%)
• Semi-Detached £180 millions (11.17%)
• Flat/Maisonette £130 millions (8.09%)

New Forest Property Market at Postcode level

Month-wise Break-up of Total Sales

Some of the insights based on the £1.6 Billions month-wise break-down :

Stamp Duty Hike Impact

• March had property sale spike of £183 millions compared to £91 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.
• Year on Year growth has been 27.43% 
• So Brexit and Stamp Duty changes have not had negative impact on New Forest Property Market in 2016

Total No Of Properties Sold By Property Type

The total property sales of £1.6 Billions in 2016 was spread over 3,499 properties.

• Detached 1436 (41.04%)
• Terraced 658 (18.81%)
• Flat/Maisonette 653 (18.66%)
• Semi-Detached 600 (17.15%)
• Others 152 (4.34%)

Average & Median Sales Price

The average sales price in New Forest was £461 K and for the different property types it was:

• Detached £485 K
• Semi-Detached £300 K
• Terraced £291 K
• Flat/Maisonette £200 K
• Other £2.7 million

Similarly median sales price in New Forest was £300 K and for the different property types it was:

• Detached £405 K
• Semi-Detached £275 K
• Terraced £230 K
• Flat/Maisonette £180 K
• Other £450 K

New Vs Not New Property Statistics

By Sales Values the split is as follows:

• New Property contributed £34 millions (2.1%)
• Not New Property contributed £1.58 billions (97.9%)

By Total Number the split is as follows:

• New properties sold were 114 (3.26%)
• Not new property sold were  3,385 (96.74%)

 All Hampshire Posts