Story Highlights 

• Guildford had total property sales of £1.2 billions in 2016
• The total number of properties sold in 2016 was 2200
• The average sales price  was £558 K, whereas the median was £418 K
• New Property sales were 5.52% by value, whereas Not New Property contributed 94.48%
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty have led to stagnation of Guild Property Market over 2015

Guildford is one of the districts of Surrey.

Total Sales By Property Type

Guildford had total property sales of £1.2 billions which was 11.44% of the total Surrey Property Market 2016

The split of £1.2 billions across the different property types are:

• Detached £504 millions (41.06%)
• Semi-Detached £293 millions (23.91%)
• Flat/Maisonette £156 millions (12.73%)
• Terraced £151 millions (12.33%)
• Other £122 millions (9.96%)

Guildford Property Market at Postcode Level

Month-wise Break-up of Total Sales

Some of the insights based on the £1.2 billions month-wise break-down :

Stamp Duty Hike Impact

1. March had property sale spike of £179 millions compared to £83 millions in Feb and then sales sharply drop
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 decline has been  0.65% in 2016 over 2015
3. Brexit coupled with Stamp Duty Hike did not impact Guildford Property Market in 2016

Total No Of Properties Sold By Property Type

Guildford total no property sales was 2200 .  The split across the different property types are:

• Semi-Detached 643 (29.23%)
• Detached 614 (27.91%)
• Flat/Maisonette 484 (22%)
• Terraced 383 (17.41%)
• Other 76 (3.45%)

Average & Median Sales Price

 The average sales price in Guildford was £558 K and for different property types it was:

• Detached £821 K
• Semi-Detached £456 K  
• Terraced £395 K
• Flat/Maisonette £323 K
• Other it is £ 1.6 millions    

Similarly median sales price in Guildford was £418 K and for different property types are:

• Detached £689 K
• Semi-Detached £420 K
• Terraced £350 K
• Flat/Maisonette £280 K
• Other it is £508 K

New Vs Not New Property Statistics

 By Sales Value the split is as follows:

• New Property contributed £68 millions (5.52%)
• Not New Property contributed £1.2 billions (94.48%)

By Total Number the split is as follows:

• New properties sold were 142 (6.45%)
• Not new property sold were 2,058 (93.55%)

All Surrey Posts