Story Highlights
- Hastings had total property sales of £444 millions in 2016
- The total number of properties sold in 2016 was 2,021 properties
- The average sales price in Hastings was £220 K
- New Property sales were 1.39% by value, where as Not New 98.61%
- Stamp duty hike caused monthly spike in March
- Brexit coupled and Stamp Duty Hike did not have negative impact , there was growth of 10.72% in 2016 over 2015
Hastings is one of the districts of East of Sussex
Total Sales By Property Type
Hastings had total property sales of £444 millions which was 12.81% of the East of Sussex Property Market 2016
The split across the different property types are:
- Terraced £121 millions (27.21%)
- Detached £117 (26.33%)
- Flat/Maisonette £99 millions (22.21%)
- Semi-Detached £80 millions (17.97 %)
- Other £28 millions (6.28%)
Hastings Property Market at Postcode level
Postcode |
Coverage Area |
School |
Local Authority Area |
TN34 |
Hastingstown centre |
Details |
Hastings |
TN35 |
Hastings,Pett,Guestling,Westfield |
Details |
Hastings, Rother |
TN37 |
St Leonards-on-Sea |
Details |
Hastings |
TN38 |
St Leonards-on-Sea,Silverhill, Wishing Tree,North Hastings,Bulverhythe |
Details |
Hastings |
Month-wise Break-up of Total Sales
Some of the insights based on the £444 millions month-wise break-down :
Stamp Duty Hike Impact
- March had property sale spike of £58 millions compared to £38 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 10.72% in 2016 over 2015
- So Brexit and Stamp Duty changes did not have negative impact on the Wealden Property Market in 2016
Total No Of Properties Sold By Property Type
The total property sales of £444 millions in 2016 was spread over 2,021 properties.
- Flat/Maisonette 721(35.68%)
- Terraced properties was 566(28.01%)
- Detached 360(17.81%)
- Semi-Detached 321(15.88%)
- Others 53(2.62%)
Average & Median Sales Price
The average sales price in Hastings was £220 K and for the different property types it was:
- Detached £325 K
- Semi-Detached £249 K
- Terraced £214 K
- Flat/Maisonette £137 K
- Other £526 K
Similarly median sales price in Hastings was £192 K and for the different property types was:
- Detached £300 K
- Semi-Detached £230 K
- Terraced £193 K
- Flat/Maisonette £126 K
- Other £230 K
New Vs Not New Property Statistics
By Sales Values the split is as follows:
- New Property contributed £6 millions (1.39%)
- Not New Property contributed £438 millions (98.61%)
By Total Number the split is as follows:
- New properties sold were 23 (1.14%)
- Not new property sold were 1,998 (98.86%)
All East of Sussex Posts
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