Story Highlights 

• Mole Valley had total property sales of £794 millions in 2016
• The total number of properties sold in 2016 was 1,412
• The average sales price was £562 K, whereas the median was £468 K
• New Property sales were 3.04% by value, whereas Not New Property contributed 96.96%
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty changes had negative impact, declining by 11% over 2015

Mole Valley is one of the districts of Surrey.

Total Sales By Property Type

Mole Valley had total property sales of £794 millions which was 7.4% of the total Surrey Property Market 2016

The split of £794 millions across the different property types are:

• Detached £401 millions (50.47%)
• Semi-Detached £162 millions (20.42%)
• Terraced £92 millions (11.58%)
• Flat/Maisonette £86 millions (10.87%)
• Other £53 millions (6.67%)

Mole Valley Property Market at Postcode Level

Month-wise Break-up of Total Sales

Some of the insights based on the £794 millions month-wise break-down :

Stamp Duty Hike Impact

1. March had property sale spike of £105 millions compared to £54 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  11.1% in 2016 over 2015
3. Brexit coupled with Stamp Duty Hike had negative impact on Mole Valley Property Market in 2016

Total No Of Properties Sold By Property Type

Mole Valley had total property sales of 1,412.  The split across the different property types are:

• Detached 463 (32.79%)
• Semi-Detached 325 (23.02%)
• Flat/Maisonette 314 (22.24%)
• Terraced 226 (16.01%)
• Other 84 (5.95%)

Average & Median Sales Price

 The average sales price in Mole Valley was £562 K and for different property types it was:

• Detached £865 K
• Semi-Detached £499 K  
• Terraced £407 K
• Flat/Maisonette £275 K
• Other it is £ 630 K    

Similarly median sales price in Mole Valley was £468 K and for different property types are:

• Detached £765 K
• Semi-Detached £480 K
• Terraced £368 K
• Flat/Maisonette £267 K
• Other it is £270 K

New Vs Not New Property Statistics

 By Sales Value the split is as follows:

• New Property contributed £24 millions (3.04%)
• Not New Property contributed £770 millions (96.96%)

By Total Number the split is as follows:

• New properties sold were 33 (2.34%)
• Not new property sold were 1,379 (97.66%)

 All Surrey Posts