Story Highlights

• South London had total property sales of approx. £14 billions in 2016
• The maximum sales was in Wandsworth at £4.88 billions
• The total number of South London properties sold in 2016 was 25,354
• The average sales price in South London was £562 K, whereas median was £425 K
• By borough the average price was maximum in Wandsworth at £832 K and median at £630 K
• New Property sales were 10.36% by value, whereas Not New Property contributed 89.64%
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty caused 6.7% decline in total sales compared to 2015

 

South London is the southern part of London. South London boroughs in Greater London are Bromley, Croydon, Kingston Upon Thames, Merton, Sutton, Wandsworth

 

 

Total Sales By Borough

South London had total sales of £14 billions in 2016. It was 18.75 % of  London Property Market 2016.

The split across its borough is as above.

• Wandsworth £4.88 billions (34.21%)
• Bromley £2.67 billions (18.72%)
• Croydon £2.24 billions (15.69%)
• Merton £1.74 billions (12.22%)
• Kingston Upon Thames £1.4 billions (9.81%)
• Sutton £1.3 billions (9.36%).

Year on Year Comparison : Compared to South London Property Market 2015 in 2016

• Except Wandsworth all boroughs have shown decline in total sales by value.
• Wandsworth has shown modest growth of 6% year on year

 

 

Total Sales By Property Types

The split of £14 billions across the different property types are:

• Detached £1.82 billions (12.74%)
• Semi-Detached £2.32 billions (16.24%)
• Terraced £3.77 billions (26.48%)
• Other £1.33 billions (9.32%)
• Flat/Maisonette £5.02 billions (35.22%)

Year on Year Comparison : Compared to South London Property Market 2015 in 2016

• All the property types have shown growth in sales except Terraced and Flat/Maisonette.
• Others has growth of 16.67 % in total sales value

 

 

 

Month-wise Break-up of Total Sales

 

Stamp Duty Hike Impact

1. March had property sale spike of £ 2.33 billions  compared to £ 1.14 billions 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 South London has shown a decline of 6.67% over 2015

 

 

 

Total Number Of Sales By Property Types

 The total number of properties sold in South London 2016 was 25,354. It is split as:

• Detached 2,003 (7.9%)
• Semi-Detached 3,918 (15.45%)
• Terraced 6,691 (26.39%)
• Flat/Maisonette 11,950 (47.13%)
• Other 792 (3.12%) 

Year on Year Comparison : Compared to South London Property Market 2015 in 2016

• Total number of property sales in South London has decreased  by 3,407 which is 11.85% decline
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant increase  of 63% from 486 in 2015 to 792 in 2016.

 

 

 

Average & Median Sales Price

 

The average sales price in South London was £562 K. For the different property types it was:

• Detached £906 K
• Semi-Detached £591 K
• Terraced £564 K
• Flat/Maisonette £420 K
• Other it is £1.7 millions.

Similarly the median sales price in South London was £425 K. For the different property types it was:

• Detached £712 K
• Semi-Detached £500 K
• Terraced £435 K
• Flat/Maisonette £340 K
• Other it is £370 K

Year on Year Comparison : Compared to South London Property Market 2015

• The average and median sales price across all property types have gone up except for others
• Others has shown decline in average and median sales price

 

 

 

Average & Median Sales Price By Borough

 In South London the Average Sales Price is as above.

• The average sales prices was maximum in Wandsworth at £832 K
• Merton at £609 K
• Kingston Upon Thames at £598 K
• Bromley at £496 K
• Sutton at £414 K
• Minimum for Croydon at £393 K

 In South London the median Sales Price is as above.

• The median sales was maximum in Wandsworth at £630 K
• Kingston Upon Thames at £460 K
• Merton at £443 K
• Bromley at £415 K
• Sutton at £350 K
• Minimum for Croydon at £332 K

Year on Year Comparison : Compared to South London Property Market 2015 in 2016

• The average and median sales price across all the South London boroughs have gone up with Wandsworth leading the pack.

 

 

 

New Vs Not New Property Statistics

By Value Of Sales

• The sales value contributed by New Property was £1.476 billions (10.36%)
• Not New Property contributed £12.8 billions (89.64%)

By Number Of Sales

• New properties sold were 2,400 (9.47%)
• Not new property sold were 22,954 (90.53%)

Year on Year Comparison : Compared to South London Property Market 2015  in 2016

• New property market share in property market has gone up in 2016 over 2015

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Story Highlights

• Wandsworth had total Property Sales of £4.88 billions in 2016
• The total number of properties sold in year 2015 was 5863
• The Average property price was £832 K  while Median was £630 K
• Not New Property Contributed 78.7% and New Property 21.3% by sales value
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty did not have negative impact and the property market witnessed 6.1% growth in total property sales

 

Wandsworth is one of the Boroughs of South London. It had total Property Sales of £4.88 billions which was 34.21% of South London Property Market 2016.

 

Total Sales By Property Type

The split of £4.88 billions across the different property types are:

• Flat/Maisonette £2.58 billions (52.99%)
• Terraced £1.35 billion (27.72%)
• Other £561 millions (11.5%)
• Semi-Detached £242 millions (4.97%)
• Detached £138 millions (2.82%)

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

• All the property types have shown decline in sales except Other, Detached
• Others has shown very sharp growth of 217%

 

 

Wandsworth Property Market at Postcode Level

Postcode	Coverage Area	Local Authority Area
SW4	Clapham, Stockwell(part)	Lambeth, Wandsworth
SW8	South Lambeth, Vauxhall, Battersea (part), Wandsworth Road, Clapham (part), NW area of Stockwell	Lambeth, Wandsworth
SW11	Battersea, Clapham South	Lambeth, Wandsworth
SW12	Balham, Clapham South, Wandsworth Common (part)	Lambeth, Wandsworth
SW15	Kingston Vale, Putney, Putney Heath, Putney Vale, Richmond Park, Roehampton, Roehampton Vale	Kingston Upon Thames, Richmond Upon Thames, Wandsworth,Merton
SW16	Streatham, Streatham Common, Norbury, Thornton Heath, Streatham Park, Furzedown, Streatham Vale, Mitcham Common, Pollards Hill, Eastfields	Croydon, Lambeth, Merton, Wandsworth
SW17	Tooting, Mitcham (part) Balham (part)	Merton, Wandsworth
SW18	Wandsworth, Southfields, Earlsfield	Wandsworth,Merton
SW19	Wimbledon, Colliers Wood, Merton Park, Merton Abbey, Southfields, Morden (part)	Merton, Wandsworth

 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 £847 millions  compared to £413 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 the property market for Wandsworth has shown growth of 6.1% over 2015

 

 

Total No Of Properties Sold By Property Type

In Wandsworth the total number of properties sold in year 2016 was 5863

The breakdown by different property types are:

• Terraced 1326 (22.62%)
• Semi-Detached 156 (2.66%)
• Other 241 (4.11%)
• Flat/Maisonette 4084 (69.66%)
• Detached 56 (0.96%)

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

• Total number of property sales in Wandsworth has declined by 9.62%
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant growth by 121% 

 

 

Average & Median Sales Price

In 2016 the Average property price was £832 K in Wandsworth. The average price for the different property types are:

• Detached £2.46 millions
• Flat/Maisonette £633 K
• Other £2.33 millions
• Semi-Detached £1.55 millions
• Terraced £1.02 millions

The Median Price was £630 K.The median property price for the different property types are:

• Detached £2.09 millions
• Flat/Maisonette £556 K
• Other £450 K
• Semi-Detached £1.31 millions
• Terraced £936 K

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

• The average and median sales price across all property types have gone up except Other showing decline in median sales price

 

 

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £3.84 billion (78.7%)
• New Property £1.04 billions (21.3%)

 By Number Of Sales

• The number of Not New Property sold was 4620 (78.8%)
• The number of New Property sold was 1243 (21.2%)

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

• New property market share in property market has gone up in 2016 over 2015

 

 

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Story Highlights

• Sutton had total Property Sales of £1.33 billions in 2015
• The total number of properties sold in year 2016 was 3218
• The Average property price was £414 K in Sutton while median was £350 K
• Not New Property contributed 96.46% and New Property 3.54% by sales value
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty Hike made Sutton property stagnate with no growth in total property sales

 

Sutton is one of the Boroughs of South London. It had total Property Sales of £1.3 billions which was 9.36% of South London Property Market 2016.

 

Total Sales By Property Type

The split of £1.33 billions across its different property types are:

• Flat/Maisonette £353 millions (26.49%)
• Terraced £347 millions (25.99%)
• Semi-Detached £337 millions (25.24%)
• Detached £196 millions (14.72%)
• Other £101 millions (7.55%)

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

• All the property types have shown decline in sales except Terraced, Semi-Detached

 

 

Sutton Property Market at Postcode Level

Postcode	Coverage Area	Local Authority Area
CR0	Croydon, Addiscombe, Woodside (part), Selhurst, Broad Green, Spring Park, Shirley, Addington, New Addington, Coombe, Forestdale, Waddon, Beddington, Thornton Heath (part)	Croydon, Sutton
CR2	South Croydon, Sanderstead, Selsdon, part of Addington	Croydon, Sutton
CR4	Mitcham, Mitcham Common, Pollards Hill, Eastfields, Beddington Corner	Merton, Sutton, Croydon
CR5	Coulsdon, Old Coulsdon, Chipstead, Hooley, Netherne-on-the-Hill, part of Woodmansterne, Clockhouse	Croydon, Reigate and Banstead, Sutton
CR8	Purley, Kenley, Russell Hill	Croydon, Sutton, Tandridge
KT4	Worcester Park, Cuddington, part of Old Malden, Stoneleigh	Sutton, Epsom and Ewell, Kingston upon Thames
KT17	Epsom, Ewell, Stoneleigh	Epsom and Ewell, Reigate and Banstead, Sutton
SM1	Sutton, Rosehill, Parts of The Wrythe and Carshalton, Benhilton and Erskine Village, the eastern part of Sutton Common	Sutton
SM2	Belmont, South Sutton, South Cheam, East Ewell	Epsom and Ewell, Reigate and Banstead, Sutton
SM3	The western part of Sutton Common, North Cheam, Stonecot Hill	Sutton,Merton
SM4	Morden, Morden Park, Lower Morden, St. Helier (West), Rosehill	Merton, Sutton
SM5	Carshalton, Carshalton Beeches, Carshalton on the Hill, The Wrythe, Rosehill, St. Helier (South), Middleton Circle, Little Woodcote	Sutton
SM6	Wallington, Beddington, Hackbridge, Roundshaw	Sutton
SM7	Banstead, Woodmansterne, Nork, Little Woodcote	Reigate and Banstead, Sutton

 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 £188 millions  compared to £103 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 Sutton has remained static over 2015

 

 

Total No Of Properties Sold By Property Type

 In Sutton the total number of properties sold in year 2016 was 3218

The breakdown by different property types are:

• Terraced 877 (27.25%)
• Semi-Detached 683 (21.22%)
• Other 75 (2.33%)
• Flat/Maisonette 1333 (41.42%)
• Detached 250 (7.77%)

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

• Total number of property sales in Sutton has shown decline of 0.83%
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant growth of 44% in 2016.

 

 

Average & Median Sales Price

In 2016 the Average property price was £414 K in Sutton. The average price for the different property types are:

• Detached £785 K
• Flat/Maisonette £265 K
• Other £1.34 millions
• Semi-Detached £492 K
• Terraced £395 K 

The Median Price was £350 K.The median property price for the different property types are:

• Detached £720 K
• Flat/Maisonette £265 K
• Other £299 K
• Semi-Detached £475 K
• Terraced £385 K

Year on Year Comparison : Compared to Sutton Property Market 2015

• The average and median sales price across all property types have gone up except for others
• Others have shown sharp decline in average and median sales price

 

 

New Vs Not New Property Statistics

 

By Value Of Sales:

• Not New Property contributed £1.29 billion (96.46%)
• New Property £53 millions (3.54%)

By Number Of Sales

• The number of Not New Property sold was 3084 (95.84%)
• The number of New Property sold was 134 (4.16%)

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

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

 

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Story Highlights

• Merton had total Property Sales of £1.74 billions in 2016
• The total number of properties sold in year 2016 was 2859
• The Average property price was £609 K in while median was £443 K
• Not New Property Contributed 96.23% and New Property 3.77% by sales value
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty contribute to the 9.4% decline in total sales value

 

Merton is one of the Boroughs of South London. It had total Property Sales of £1.74 billions which was 12.22% of the South London Property Market 2016

 

Total Sales By Property Type

The split of £1.74 billions across the different property types are:

• Terraced £687 millions (39.44%)
• Flat/Maisonette £469 millions (26.9%)
• Semi-Detached £241 millions (13.86%)
• Detached £200 millions (11.46%)
• Other £145 millions (8.33%)

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

• All the property types have shown  in sales except others.
• Others has shown growth of  2.84% in total sales value

 

 

Merton Property Market at Postcode Level

Postcode	Coverage Area	Local Authority Area
CR4	Mitcham, Mitcham Common, Pollards Hill, Eastfields, Beddington Corner	Merton, Sutton, Croydon
CR7	Thornton Heath, Broad Green (part)	Croydon, Merton
KT3	Croydon, Merton	Kingston Upon Thames, Merton
SM3	The western part of Sutton Common, North Cheam, Stonecot Hill	Sutton, Merton
SM4	Morden, Morden Park, Lower Morden, St. Helier (West), Rosehill	Merton, Sutton
SW14	Mortlake, East Sheen	Richmond Upon Thames, Merton
SW15	Kingston Vale, Putney, Putney Heath, Putney Vale, Richmond Park, Roehampton, Roehampton Vale	Kingston Upon Thames, Richmond Upon Thames, Wandsworth, Merton
SW16	Streatham, Streatham Common, Norbury, Thornton Heath, Streatham Park, Furzedown, Streatham Vale, Mitcham Common, Pollards Hill, Eastfields	Croydon, Lambeth, Merton, Wandsworth
SW17	Tooting, Mitcham (part) Balham (part)	Merton, Wandsworth
SW18	Wandsworth, Southfields, Earlsfield	Wandsworth, Merton
SW19	Wimbledon, Colliers Wood, Merton Park, Merton Abbey, Southfields, Morden (part)	Merton, Wandsworth
SW20	Raynes Park, Lower Morden, Merton Park, Wimbledon Chase	Merton, Kingston upon Thames

 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 £330 millions  compared to £141 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 Merton has shown a decline of 9.4% over 2015

 

 

Total No Of Properties Sold By Property Type

In Merton the total number of properties sold in year 2016 was 2859

The breakdown by different property types are:

• Terraced  1170 (40.92%)
• Semi-Detached 262 (9.16%)
• Other 102 (3.57%)
• Flat/Maisonette 1223 (42.78%)
• Detached 102 (3.57%)

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

• Total number of property sales in Merton has declined by 11.89%
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant increase of 24.4%

 

 

Average & Median Sales Price

The average sales price in Merton was £609 K. For the different property types it was:

• Detached £1.96 millions
• Semi-Detached £921 K
• Terraced £587 K
• Flat/Maisonette £383 K
• Other it is £1.4 millions.

Similarly the median sales price in Merton was £443 K. For the different property types it was:

• Detached £1.73 millions
• Semi-Detached £730 K
• Terraced £500 K
• Flat/Maisonette £350 K
• Other it is £475 K

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

•  Fpr Flat/Maisonette, Semi-Detached, Terraced the average and median sales price have gone up
• Others have shown sharp decline in average and median sales price

 

 

New Vs Not New Property Statistics

 

By Value Of Sales

• Not New Property contributed £1.7 billions (96.23%)
• New Property £66 millions (3.77%)

By Number Of Sales

• The number of Not New Property sold was 2691 (94.12%)
• The number of New Properties sold was 168 (5.88%)

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

• New property market share in property market has not shown noticeable difference in 2016 over 2015

 

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Story Highlights

• Kingston Upon Thames had total Property Sales of £1.4 billions in 2016
• The total number of properties sold in year 2016 was 2338
• The Average property price was £598 K in while median was £460 K
• New Property sales were 2.5% by value where as Not New Property contributed 97.5%
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty changes caused significant decline of 13.3% (total sales by values) in Kingston Upon Thames property market 2016 over 2015

 

Kingston Upon Thames is one of the Boroughs of South London. It had total Property Sales of £1.4 billions which was 9.81% of South London Property Market 2016.

 

Total Sales By Property Type

The split of £1.4 billions across the different property types are:

• Semi-Detached £394 millions (28.21%)
• Flat/Maisonette £372 millions (26.58%)
• Terraced £238 millions (17.01%)
• Detached £235 millions (16.8%)
• Other £159 millions (11.4%)

Year on Year Comparison : Compared to Kingston Upon Thames Property Market 2015 in 2016

• All the property types have shown decline in sales
• Year on Year the property market for Kingston Upon Thames has shown a decline of 14.3% over 2015

 

 

Kingston Upon Thames Property Market at Postcode Level

Postcode	Coverage Area	Local Authority Area
KT1	Kingston upon Thames, Hampton Wick, Norbiton	Kingston upon Thames, Richmond upon Thames
KT2	Kingston Upon Thames, Canbury, Coombe	Kingston upon Thames, Richmond upon Thames
KT3	New Malden, part of Old Malden	Kingston upon Thames, Merton
KT4	Worcester Park, Cuddington, part of Old Malden, Stoneleigh	Sutton, Epsom and Ewell, Kingston upon Thames
KT5	Surbiton, Berrylands, Tolworth	Kingston upon Thames
KT6	Surbiton, Tolworth, Long Ditton	Kingston upon Thames, Elmbridge
KT9	Chessington including Malden Rushett, Hook, part of Long Ditton	Kingston upon Thames, Elmbridge
KT19	Epsom, West Ewell, Stoneleigh, Horton, Longmead	Epsom and Ewell
SW15	Kingston Vale, Putney, Putney Heath, Putney Vale, Richmond Park, Roehampton, Roehampton Vale	Kingston upon Thames, Richmond upon Thames, Wandsworth,Merton
SW20	Raynes Park, Lower Morden, Merton Park, Wimbledon Chase	Merton, Kingston upon Thames

 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 £239 millions  compared to £ 116 millions in Feb 
2. The impetus for it was to avoid the extra 3% in Stamp DutyTax 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 Kingston Upon Thames has shown a decline of 14.3% over 2015

 

 

Total No Of Properties Sold By Property Type

 In Kingston Upon Thames the total number of properties sold in year 2016 was 2338

The breakdown by different property types are:

• Terraced 463 (19.8%)
• Semi-Detached 594 (25.41%)
• Other 74 (3.17%)
• Flat/Maisonette 984 (42.09%)
• Detached 223 (9.54%)

Year on Year Comparison : Compared to Kingston Upon Thames Property Market 2015 in 2016

• Total number of property sales in Kingston upon Thames has declined by 14.67%
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant increase of 29.8% over 2015.

 

 

Average & Median Sales Price

In 2016 the Average property price was £598 K in Kingston Upon Thames. The average price for the different property types are:

• Detached £1.05 million
• Flat/Maisonette £378 K
• Other £2.15 millions
• Semi-Detached £664 K
• Terraced £513 K

The Median Price was £460 K.The median property price for the different property types are:

• Detached £825 K
• Flat/Maisonette £370 K
• Other £319 K
• Semi-Detached £614 K
• Terraced £465 K

Year on Year Comparison : Compared to Kingston Upon Thames Property Market 2015

• The average and median sales price across all property types have gone up except for others
• Others have shown sharp decline in average and median sales price

 

 

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £1.36 billions (97.5%)
• New Property contributed £35 millions (2.5%)

By Number Of Sales

• The number of Not New Property sold was 2270 (97.09%)
• The number of New Property sold was 68 (2.91%)

Year on Year Comparison : Compared to Kingston Upon Thames Property Market 2015 in 2016

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

 

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