Story Highlights 

• Southampton had total property sales of £1.1 billion in 2016
• The total number of properties sold in 2016 was 4,096.
• The average sales price in Southampton was £268 K, whereas median was £193 K
• New Property sales were 7.59% by value, where as Not New Property contributed 92.41%
• Stamp duty changes caused monthly spike in March
• Southampton had growth of 11.5% in 2016 over 2015

Southampton has unitary authority status in South East England. 

Total Sales By Property Type

Southampton had total property sales of £1.1 billion which was % of the total South East property Market in 2016. 

 The split of £1.1 billion in Southampton across the different property types are:

• Flat/Maisonette £260 millions (23.71%)
• Semi-Detached £220 millions (20.07%)
• Terraced £211 millions (19.2%)
• Detached £167 millions (15.24%)
• Other £239 millions (21.78%)

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

• All the property types sales have shown growth except Flat/Maisonette and Detached.

Southampton Property Market at Postcode Level

Month-wise Break-up of Total Sales

Some of the insights based on the £1.1 billion month-wise break-down :

Stamp Duty Hike Impact

1. March had property sale spike of £156 millions compared to £82 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. Year on Year growth (compared to 2015) has been 11.5% in 2016
3. Brexit coupled with Stamp Duty Hike did not had negative impact on Southampton Property Market in 2016

Total No Of Properties Sold By Property Type

 Southampton had total property sales of 4,096. The split across different property types are:

• Terraced 932 (22.75%)
• Semi-Detached 903 (22.05%)
• Flat/Maisonette 1,611 (39.33%)
• Detached 519 (12.67%)
• Other 131 (3.2%)

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

• Total number of property sales in 2016 has decreased by 6.9%.
• All property types have shown decline in number of properties sold except property type Other.
• Other has shown growth of 44%

Average & Median Sales Price

 The average sales price in Southampton was £268 K. For the different property types it was

• Detached at £322 K
• Semi-Detached at £244 K
• Terraced at £226 K
• Flat/Maisonette at £161 K
• Other it is at £1.8 millions

Similarly median sales price in Southampton was £193 K. For different property types it was

• Detached at £288 K
• Semi-Detached at £230 K
• Terraced at £192 K
• Flat/Maisonette at £143 K
• Other it is at £350 K

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

• The average and median property prices have gone up across all property types.

New Vs Not New Property Statistics

 By Sales Value the split is as follows:

• New Property contributed £83 millions (7.59%)
• Not New Property contributed £1.01 billion (92.41%)

By Total Number the split is as follows:

• New properties sold were 338 (8.25%)
• Not new property sold were 3,758 (91.75%)

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

• New property market share in property market has gone down

All South East England Posts