Story Highlights

• Gosport had total property sales of £312 millions in 2016
• The total number of properties sold in 2016 was 1,528 properties
• The average sales price in Gosport was £204 K
• New Property sales were 2.32% by value, where as Not New 97.68%
• Stamp duty hike caused monthly spike in March
• Brexit coupled with Stamp Duty Hike have not had significant negative impact on Gosport Property Market in 2016, there was growth of 1.3% over 2015

Gosport is one of the districts of Hampshire

Total Sales By Property Type

Gosport had total property sales of £312 millions, which was 3.44% of the total Hampshire property Market in 2016

The split across the different property types are:

• Terraced £108 millions (34.7%)
• Semi-Detached £71 millions (22.7%)
• Flat/Maisonette £59 millions (18.89%)
• Detached £58 millions (18.73%)
• Other £16 millions (4.99%)

Gosport Property Market at Postcode Level

Month-wise Break-up of Total Sales

Some of the insights based on the £312 millions month-wise break-down :

Stamp Duty Hike Impact

• March had property sale spike of £41 millions compared to £23 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 1.3% 
• So Brexit and Stamp Duty changes have not had negative impact on Gosport Property Market in 2016

Total No Of Properties Sold By Property Type

The total property sales of £312 millions, in 2016 was spread over 1,528 properties.

• Terraced 600 (39.27%)
• Flat/Maisonette 415 (27.16%)
• Semi-Detached 308 (20.16%)
• Detached 165 (10.8%)
• Others 40 (2.62%)

Average & Median Sales Price

The average sales price in Gosport was £204 K and for the different property types it was:

• Detached £354 K
• Semi-Detached £230 K
• Terraced £181 K
• Flat/Maisonette £142 K
• Other £390 K

Similarly median sales price in Gosport was £178 K and for the different property types it was:

• Detached £335 K
• Semi-Detached £217 K
• Terraced £172 K
• Flat/Maisonette £125 K
• Other £145 K

New Vs Not New Property Statistics

By Sales Values the split is as follows:

• New Property contributed £7 millions (2.32%)
• Not New Property contributed £305 millions (97.68%)

By Total Number the split is as follows:

• New properties sold were 33 (2.16%)
• Not new property sold were 1,495 (97.84%)

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