Story Highlights

• Newham had total Property Sales of £1.14 billions in 2016
• The total number of properties sold in year 2016 was 2741
• The Average property price was £416 K while Median was £348 K
• Not New Property Contributed 88.87% by value and New Property 11.13%
• Stamp duty hike caused monthly spike in March
• Brexit coupled with Stamp duty changes caused 5% decline in total sales value over 2015

Newham is one of the Boroughs of East London. It had total Property Sales of £1.14 billions which was 6.95% of East London Property Market 2016

Total Sales By Property Type

The split of £1.14 billions across the different property types are:

• Terraced £479 millions (42%)
• Flat/Maisonette £436 millions (38.26%)
• Other £192 millions (16.86%)
• Semi-Detached £26 millions (2.27%)
• Detached £7 millions (0.61%)

Year on Year Comparison : Compared to Newham Property Market 2015  in 2016

• All the property types have reamined constant or shown decline in sales value except Other
• Other has shown growth of 28.86%

Newham Property Market at Postcode level

 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 £ 233 millions  compared to £84 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 not seem to have been significant dip in property sales in the immediate aftermath of Brexit 
3. Year on Year the property market for Newham has declined by 5% over 2015

Total Number Of Sales By Property Types

In Newham the total number of properties sold in year 2016 was 2741. The breakdown by different property types are:

• Terraced 1180 (43.05%)
• Semi-Detached 59 (2.15%)
• Other 101 (3.68%)
• Flat/Maisonette  1387 (50.6%)
• Detached 14 (0.51%)

Year on Year Comparison : Compared to Newham Property Market 2015 in 2016

• Total number of property sales in Newham has declined by 20.18%
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant growth of 77.2%.

Average & Median Sales Price

In 2015 the Average property price was £416 K in Newham. The average price for the different property types are:

• Detached £498 K
• Flat/Maisonette £315 K
• Other £1.9 millions
• Semi-Detached £439 K
• Terraced £406 K.

The Median Price was £348 K. The median property price for the different property types are:

• Detached £488 K
• Flat/Maisonette £290 K
• Other £360 K
• Semi-Detached £400 K
• Terraced £385 K

Year on Year Comparison : Compared to Newham Property Market 2015 in 2016

• The average and median sales price across all property types have gone up except for others

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £1.01 billion (88.87%)
• New Property £127 millions (11.13%) 

  By Number Of Sales

• The number of Not New Property sold was 290 (10.58%)
• The number of New Properties sold was 2451 (89.42%) 

Year on Year Comparison : Compared to Newham Property Market 2015  in 2016

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

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