Story Highlights

• Basingstoke and Deane had total property sales of £1.1 Billions in 2016
• The total number of properties sold in 2016 was 3,070 properties
• The average sales price in Basingstoke and Deane was £359 K
• New Property sales were 4.88% by value, where as Not New 95.12%
• Stamp duty hike caused monthly spike in March
• Brexit coupled with Stamp Duty Hike have not had negative impact on Basingstoke and Deane Property Market in 2016, there was growth of 12.71 % over 2015

Basingstoke and Deane is one of the districts in Hampshire

Total Sales By Property Type

Basingstoke and Deane had total property sales of £1.1 Billions, which was 12.14% of the total Hampshire property Market in 2016

The split across the different property types are:

• Detached £378 millions (34.34%)
• Terraced £255 millions (23.15%)
• Semi-Detached £202 millions (18.36%)
• Other £153 millions (13.9%)
• Flat/Maisonette £113 millions (10.25%)

Basingstoke and Deane Property Market at Postcode Level

Month-wise Break-up of Total Sales

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

Stamp Duty Hike Impact

• March had property sale spike of £109 millions compared to £75 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 12.71% 
• 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 £1.1 Billions in 2016 was spread over 3,070 properties.

• Terraced 980 (31.92%)
• Detached  744 (24.23%)
• Flat/Maisonette 638 (20.78%)
• Semi-Detached 624 (20.33%)
• Others 84 (2.74%)

Average & Median Sales Price

 The average sales price in Basingstoke and Deane was £359 K and for the different property types it was:

• Detached £508 K
• Semi-Detached £324 K
• Terraced £260 K
• Flat/Maisonette £177 K
• Other £1.82 million

Similarly median sales price in Basingstoke and Deane was £276 K and for the different property types it was:

• Detached £445 K
• Semi-Detached £306 K
• Terraced £250 K
• Flat/Maisonette £180 K
• Other £594 K

New Vs Not New Property Statistics

By Sales Values the split is as follows:

• New Property contributed £54 millions (4.88%)
• Not New Property contributed £1.047 billions (95.12%)

By Total Number the split is as follows:

• New properties sold were 187 (6.09%)
• Not new property sold were 2,883 (93.91%).

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