Story Highlights

• Islington in 2016 had total property sales of £2.24 billions
• The total number of property sold in Islington was 2616
• The average sales price in Islington was £855.3 K and the median sales price was £600 K
• The sales value contributed by New Property was 17.2% where as Not New Property contributed 82.8%
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp duty hike arrested  total property sales growth to 1% in 2016

Total Sales By Property Type

Islington is one of the Boroughs of Central London. It had total Property Sales of £2.24 billions which was 9.06% of Central London Property Market 2016

The split across the different property types are:

• Flat/Maisonette £1.28 billions (57.11%)
• Terraced £486 millions (21.7%)
• Other £427 millions (19.07%)
• Semi-Detached £35 millions (1.55%)
• Detached £13 millions (0.58%)

Year on Year Comparison : Compared to Islington London Property Market 2015 in 2016

• Terraced, Semi-Detached, Detached had lower total sales compared to 2015  
• Flat/Maisonette, Other had higher total sales compared to 2015  

Islington Property Market at Postcode level

Month-wise Break-up of Total Sales

Some of the insights based on the £2.24 billions month-wise break-down :

Stamp Duty Hike Impact

1. March had property sale spike of £ 457 millions  compared to £ 128 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. As can be observed from the month-wise break-up there does  seem to have been some dip in property sales in the immediate aftermath of Brexit 
3. Year on Year the property market for Islington has shown growth of 1.339% over 2015

Total No Of Properties Sold By Property Type

 In Islington the total number of properties sold in year 2016 was 2616. The breakdown by different property types are:

• Terraced  358 (13.69%)
• Semi-Detached 23 (0.88%)
• Other 168 (6.42%)
• Flat/Maisonette 2061 (78.78%)
• Detached 6 (0.23%)

Year on Year Comparison : Compared to Islington London Property Market 2015 in 2016

• Total sales volume has increased by 19 i.e. 0.73%
• All the property types except Flat/Maisonette and Other had lower sales volume compared to 2015
• Others and Flat/Maisonette had increase in property sales compared to 2015

Average & Median Sales Price

In 2016 the Average property price was £855.3 K in Islington. The average price for the different property types are:

• Detached £2.15 millions
• Flat/Maisonette £620 K
• Other £2.54 millions
• Semi-Detached £1.5 millions
• Terraced £1.36 millions

The Median Price was £600 K. The median property price for the different property types are:

• Detached £2.01 millions
• Flat/Maisonette £560 K
• Other £575 K
• Semi-Detached £1.63 millions
• Terraced £1.24 millions

Year on Year Comparison : Compared to Islington London Property Market 2015  in 2016

• All property types have generally shown increase in property price except property type Other

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £1.85 billion (82.8%)
• New Property £385 millions (17.2%) 

By Number Of Sales

• The number of Not New Property sold was 2098 (80.2%)
• The number of New Properties sold was 518 (19.8%) 

Year on Year Comparison : Compared to Islington London Property Market 2015  in 2016

• New property market share in property market has gone up in 2016 over 2015

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