Story Highlights 

• Reigate and Banstead had total property sales of £1.3 billions in 2016
• The total number of properties sold in 2016 was 20,347
• The average sales price  was £464 K, whereas the median was £385 K
• New Property sales were 6.49% by value, whereas Not New Property contributed 93.51%
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty changes had negative impact, there was decline of 3.3%

Reigate and Banstead  is one of the districts of Surrey.

Total Sales By Property Type

Reigate and Banstead had total property sales of £1.3 billions which was 11.87% of the total Surrey Property Market 2016

The split of £1.3 billions across the different property types are:

• Detached £512 millions (40.22%)
• Semi-Detached £313 millions (24.6%)
• Flat/Maisonette £227 millions (17.79%)
• Terraced £178 millions (13.95%)
• Other £44 millions (3.44%)

Reigate and Banstead Property Market at Postcode Level

Month-wise Break-up of Total Sales

Some of the insights based on the £1.3 billions month-wise break-down :

Stamp Duty Hike Impact

1. March had property sale spike of £184 millions compared to £110 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 3.3% in 2016 over 2015
3. Brexit coupled with Stamp Duty Hike did not impact Reigate and Banstead Property Market in 2016

Total No Of Properties Sold By Property Type

Reigate and Banstead had total property sales of 20347.  The split across the different property types are:

• Flat/Maisonette 854 (31.13%)
• Semi-Detached 690 (25.15%)
• Detached 663 (24.17%)
• Terraced 465 (16.95%)
• Other 746 (3,67%)

Average & Median Sales Price

 The average sales price in Reigate and Banstead was £464 K and for different property types it was:

• Detached £773 K
• Semi-Detached £454 K  
• Terraced £382 K
• Flat/Maisonette £265 K
• Other it is £ 618 K    

Similarly median sales price in Reigate and Banstead was £385 K and for different property types are:

• Detached £675 K
• Semi-Detached £425 K
• Terraced £360 K
• Flat/Maisonette £250 K
• Other it is £406 K

New Vs Not New Property Statistics

 By Sales Value the split is as follows:

• New Property contributed £83 millions (6.49%)
• Not New Property contributed £1.2 billions (93.51%)

By Total Number the split is as follows:

• New properties sold were 209 (7.62%)
• Not new property sold were 2,534 (92.38%)

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