Story Highlights

• Surrey had total property sales of £10.7 Billions in 2016,
• The year-on-year decline witnessed was 8% over 2015
• Stamp duty hike caused monthly spike in March
• The average sales price in Surrey was £527 K, whereas median was £410 K
• Across its districts average sales price in Surrey was maximum for Elmbridge at £764 K and was minimum for Epsom and Ewell at £663 millions
• New Property sales were 5.17% by value, whereas Not New Property contributed 94.83%

 

Total Sales By Districts

Surrey had total property sales of £10.7 Billions which was 17.34% of the total South East property Market in 2016

The split of the sales across the different districts was:

• Elmbridge £1.8 billions (17.14%)
• Reigate and Banstead £1.3 billions (11.87%)
• Guildford £1.2 billions (11.44%)
• Waverley £1.1 billions (10.34%)
• Woking £924 millions (8.61%)
• Mole Valley £794 millions (7.4%)
• Tandridge £760 millions (7.08%)
• Spelthorne £739 millions (6.89%)
• Surrey Heath £718 millions (6.69%)
• Runnymede £684 millions (6.37%)
• Epsom and Ewell £663 millions (6.18%)

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

• All districts except Woking, Spelthorne and Surrey Heath had decrease in total sales

 

Total Sales By Property Type

 The split of £10.7 Billions in Surrey across the different property types are:

• Detached £4.4 billions (41.27%)
• Semi-Detached £2.3 billions (21.8%)
• Flat/Maisonette £1.6 billions (14.96%)
• Terraced £1.5 billions (14.11%)
• Other £842 millions (7.85%)

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

• All the property types sales have shown decline except Flat/Maisonette and Other.

 

Month-wise Break-up of Total Sales

Some of the insights based on the £10.7 Billions month-wise break-down :

Stamp Duty Hike Impact

1. March had property sale spike of £1.4 billions compared to £769 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 dip in property sales in the immediate aftermath of Brexit 
3. Year on Year decrease (compared to 2015) has been 8% in 2016 impacted by Brexit
4. Brexit coupled with Stamp Duty Hike had negative impact on Surrey Property Market in 2016

  

Total No Of Properties Sold By Property Type

Surrey had total property sales of 20347.  The split across different property types are:

• Flat/Maisonette 5,549 (27.27%)
• Detached 5,353 (26.31%)
• Semi-Detached 4,928 (24.22%)
• Terraced 3,771 (18.53%)
• Other  746(3.67%)

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

• Total number of property sales in 2016 has decreased by 8.22%.
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant increase of 108% 

 

Average & Median Sales Price

 The average sales price in Surrey was £527 K. For the different property types it was

• Detached at £827 K
• Semi-Detached at £475 K
• Terraced at £402 K
• Flat/Maisonette at £289 K
• Other it is at £1.1 millions

Similarly median sales price in Surrey was £410 K. For different property types it was

• Detached at £690 K
• Semi-Detached at £435 K
• Terraced at £365 K
• Flat/Maisonette at £270 K
• Other it is at £360 K

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

• The average and median property price have gone up except for property type Other

 

Average & Median Sales Price By Districts

Across districts the average sales price is as above.

• Elmbridge £764 K
• Mole Valley £562 K
• Guildford £558 K
• Waverley £533 K
• Epsom and Ewell £502 K
• Woking £496 K
• Runnymede £488 K
• Surrey Heath £470 K
• Reigate and Banstead £464 K
• Tandridge £446 K
• Spelthorne £437 K

 

 Across districts the median sales price is as above.

• Elmbridge £525 K
• Mole Valley £468 K
• Epsom and Ewell £453 K
• Waverley £425 K
• Guildford £418 K
• Reigate and Banstead £385 K
• Tandridge £385 K
• Surrey Heath £381 K
• Runnymede £380 K
• Spelthorne £380 K
• Woking £370 K

 

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

• The average sales price across all the counties have gone up except Tandridge
• The median sales price across all the counties have gone up.

 

New Vs Not New Property Statistics

 By Sales Value the split is as follows:

• New Property contributed £555 millions (5.17%)
• Not New Property contributed £10.18 billions (94.83%)

By Total Number the split is as follows:

• New properties sold were 1,309 (6.43%)
• Not new property sold were 1,9038 (93.57%)

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

• New property market share in property market has gone down.

 

All Surrey Posts

 

Story Highlights

• Surrey had total property sales of £11.16 Billions in 2015
• The total number of properties sold in 2015 was 22,170.
• The average sales price in Surrey was £503.67 K, whereas median was £375 K
• Across its districts average sales price in Surrey was maximum for Elmbridge at £748 K and was minimum for Spelthrone £385 K
• Similarly the median sales price in Surrey was maximum for Elmbridge £501 K and was minimum for Woking £340 K
• New Property sales were 6.69% by value, where as Not New Property contributed 93.31%

 

Surrey is one of the counties of South East England. The districts of Surrey are Elmbridge, Reigate and Banstead, Guildford, Waverley, Working, Mole Valley, Tandridge, Runnymede, Surrey Heath, Spelthorne, Epsom and Ewell. Let us look at the Surrey Property Market in 2015 in detail.

 

 

 Total Sales By Districts

Surrey had total property sales of £11.16 Billions which was 18.23% of the total South East property Market in 2015.

The split of the sales across the different districts was:

• Elmbridge £1.93 billions (17.28%)
• Reigate and Banstead £1.32 billions (11.8%)
• Guildford £1.24 billions (11.06%)
• Waverley £1.21 billions (10.83%)
• Woking £896 millions (8.03%)
• Mole Valley £893 millions (7.99%)
• Tandridge £862 millions (7.72%)
• Runnymede £738 millions (6.61%)
• Surrey Heath £712 millions (6.37%)
• Spelthorne £695 millions (6.22%)
• Epsom and Ewell £680 millions (6.09%)

  

 

Total Sales By Property Type

The split across the different property types in Surrey are:

• Terraced £1.59 billions (14.25%)
• Semi-Detached £2.34 billions (20.99%)
• Other £803 millions (7.19%)
• Flat/Maisonette £1.56 billions (14%)
• Detached £4.87 billions (43.57%)

 

 

 

Total No Of Properties Sold By Property Type

Surrey had total property sales of 22,170. The split across the different property types are:

• Detached 6121 (27.61%)
• Flat/Maisonette 6029 (27.19%)
• Other 358 (1.61%)
• Semi-Detached 5353 (24.15%)
• Terraced 4309 (19.44%)

 

 

Average & Median Sales Price

The average sales price in Surrey was £503.67 K and for the different property types it was:

• Detached £795 K
• Semi-Detached £438 K
• Terraced £369 K
• Flat/Maisonette £259 K
• Other it is £2.24 million

Similarly median sales price in Surrey was £375 K and for different property types are:

• Detached £655 K
• Semi-Detached £400 K
• Terraced £330 K
• Flat/Maisonette £244 K
• Other it is £753 k

 

 

Average & Median Sales Price By Districts

Across districts the average price is as above.

• Elmbridge £748 K
• Mole Valley £561 K
• Guildford £509 K
• Tandridge 501 K
• Waverley £499 K
• Epsom and Ewell £472 K
• Runnymede £466 K
• Surrey Heath £448 K
• Woking £446 K
• Reigate And Banstead £439 K
• Spelthorne £385 K

 

Across districts the median price is as above.

• Elmbridge £501 K
• Mole Valley £450 K
• Epsom and Ewell £420 K
• Guildford £375 K
• Reigate And Banstead £353 K
• Runnymede £350 K
• Spelthorne £325 K
• Surrey Heath £345 K
• Tandridge £380 K
• Waverley £398 K
• Woking £340 K

 

 

New Vs Not New Property Statistics

 

By Sales Values the split is as follows:

• New Property contributed £748 millions (6.69%)
• Not New Property contributed £10.42 billions (93.31 %)

By Total Number the split is as follows:

• New properties sold were 1,502 (6.77%)
• Not new property sold were 20,668 (93.23%)

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