Story Highlights

• Kingston Upon Thames had total Property Sales of £1.4 billions in 2016
• The total number of properties sold in year 2016 was 2338
• The Average property price was £598 K in while median was £460 K
• New Property sales were 2.5% by value where as Not New Property contributed 97.5%
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty changes caused significant decline of 13.3% (total sales by values) in Kingston Upon Thames property market 2016 over 2015

Kingston Upon Thames is one of the Boroughs of South London. It had total Property Sales of £1.4 billions which was 9.81% of South London Property Market 2016.

Total Sales By Property Type

The split of £1.4 billions across the different property types are:

• Semi-Detached £394 millions (28.21%)
• Flat/Maisonette £372 millions (26.58%)
• Terraced £238 millions (17.01%)
• Detached £235 millions (16.8%)
• Other £159 millions (11.4%)

Year on Year Comparison : Compared to Kingston Upon Thames Property Market 2015 in 2016

• All the property types have shown decline in sales
• Year on Year the property market for Kingston Upon Thames has shown a decline of 14.3% over 2015

Kingston Upon Thames Property Market at Postcode Level

Postcode	Coverage Area	Local Authority Area
KT1	Kingston upon Thames, Hampton Wick, Norbiton	Kingston upon Thames, Richmond upon Thames
KT2	Kingston Upon Thames, Canbury, Coombe	Kingston upon Thames, Richmond upon Thames
KT3	New Malden, part of Old Malden	Kingston upon Thames, Merton
KT4	Worcester Park, Cuddington, part of Old Malden, Stoneleigh	Sutton, Epsom and Ewell, Kingston upon Thames
KT5	Surbiton, Berrylands, Tolworth	Kingston upon Thames
KT6	Surbiton, Tolworth, Long Ditton	Kingston upon Thames, Elmbridge
KT9	Chessington including Malden Rushett, Hook, part of Long Ditton	Kingston upon Thames, Elmbridge
KT19	Epsom, West Ewell, Stoneleigh, Horton, Longmead	Epsom and Ewell
SW15	Kingston Vale, Putney, Putney Heath, Putney Vale, Richmond Park, Roehampton, Roehampton Vale	Kingston upon Thames, Richmond upon Thames, Wandsworth,Merton
SW20	Raynes Park, Lower Morden, Merton Park, Wimbledon Chase	Merton, Kingston upon Thames

 For property market details at post code level please click on Postcode in the table above.

Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

1. March had property sale spike of £239 millions  compared to £ 116 millions in Feb 
2. The impetus for it was to avoid the extra 3% in Stamp DutyTax 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 not seem to have been significant dip in property sales in the immediate aftermath of Brexit 
3. Year on Year the property market for Kingston Upon Thames has shown a decline of 14.3% over 2015

Total No Of Properties Sold By Property Type

 In Kingston Upon Thames the total number of properties sold in year 2016 was 2338

The breakdown by different property types are:

• Terraced 463 (19.8%)
• Semi-Detached 594 (25.41%)
• Other 74 (3.17%)
• Flat/Maisonette 984 (42.09%)
• Detached 223 (9.54%)

Year on Year Comparison : Compared to Kingston Upon Thames Property Market 2015 in 2016

• Total number of property sales in Kingston upon Thames has declined by 14.67%
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant increase of 29.8% over 2015.

Average & Median Sales Price

In 2016 the Average property price was £598 K in Kingston Upon Thames. The average price for the different property types are:

• Detached £1.05 million
• Flat/Maisonette £378 K
• Other £2.15 millions
• Semi-Detached £664 K
• Terraced £513 K

The Median Price was £460 K.The median property price for the different property types are:

• Detached £825 K
• Flat/Maisonette £370 K
• Other £319 K
• Semi-Detached £614 K
• Terraced £465 K

Year on Year Comparison : Compared to Kingston Upon Thames Property Market 2015

• The average and median sales price across all property types have gone up except for others
• Others have shown sharp decline in average and median sales price

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £1.36 billions (97.5%)
• New Property contributed £35 millions (2.5%)

By Number Of Sales

• The number of Not New Property sold was 2270 (97.09%)
• The number of New Property sold was 68 (2.91%)

Year on Year Comparison : Compared to Kingston Upon Thames Property Market 2015 in 2016

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

All London Posts