Story Highlights 

• Surrey Heath had total property sales of £718 millions in 2016
• The total number of properties sold in 2016 was 1526
• The average sales price  was £471 K, whereas the median was £381 K
• New Property sales were 3.69% by value, whereas Not New Property contributed 96.31%
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty changes caused Surrey heath Property Market to stagnate 

Surrey Heath is one of the districts of Surrey.

Total Sales By Property Type

Surrey Heath had total property sales of £718 millions which was 6.69% of the total Surrey Property Market 2016

The split of £718 millions across the different property types are:

• Detached £350 millions (48.73%)
• Semi-Detached £126 millions (17.6%)
• Flat/Maisonette £90 millions (12.52%)
• Terraced £86 millions (11.94%)
• Other £66 millions (9.21%)

Surrey Heath Property Market at Postcode Level

Month-wise Break-up of Total Sales

Some of the insights based on the £718 millions month-wise break-down :

Stamp Duty Hike Impact

1. March had property sale spike of £88 millions compared to £50 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 growth has been  0.84% in 2016 over 2015
3. Brexit coupled with Stamp Duty Hike caused Surrey Heath Property Market in 2016 to stagnate

Total No Of Properties Sold By Property Type

Surrey Heath had total property sales of 1526.  The split across the different property types are:

• Detached 537 (35.19%)
• Flat/Maisonette 374 (24.51%)
• Semi-Detached 315 (20.64%)
• Terraced 254 (16.64%)
• Other  (%)

Average & Median Sales Price

 The average sales price in Surrey Heath was £471 K and for different property types it was:

• Detached £652 K
• Semi-Detached £401 K  
• Terraced £338 K
• Flat/Maisonette £240 K
• Other it is £ 144 K    

Similarly median sales price in Surrey Heath was £381 K and for different property types are:

• Detached £595 K
• Semi-Detached £375 K
• Terraced £325 K
• Flat/Maisonette £233 K
• Other it is £560 K

New Vs Not New Property Statistics

 By Sales Value the split is as follows:

• New Property contributed £26 millions (3.69%)
• Not New Property contributed £692 millions (96.31%)

By Total Number the split is as follows:

• New properties sold were 73 (4.78%)
• Not new property sold were 1,453 (95.22%)

All Surrey Posts