Story Highlights

• Croydon had total Property Sales of £2.24 billions in 2016
• The total number of properties sold in year 2016 was 5,696
• The Average property price was £393 K in Croydon, while Median was £332 K
• Not New Property contributed 92.18% and New Property 7.82% by sales value
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty have played significant role in decline of 8.6% (total sales value)

Croydon is one of the Boroughs of South London. It had total Property Sales of  £2.24 billions  which was 15.69% of South London Property Market 2016.

Total Sales By Property Type

The split of of  £2.24 billions across the different property types are:

• Flat/Maisonette £662 millions (29.59%)
• Terraced £570 millions (25.47%)
• Semi-Detached £421 millions (18.85%)
• Detached £373 millions (16.68%)
• Other £211 millions (9.42%)

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

• All the property types have shown decline in sales except Terraced
• Terraced has shown a very nominal growth of  0.9% in total sales value

Croydon 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
CR3	Caterham, Chaldon, Woldingham, Whyteleafe, Hamsey Green	Tandridge, Croydon
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
CR6	Warlingham, parts of Chelsham and Farleigh, Hamsey Green	Tandridge, Croydon, Bromley
CR7	Thornton Heath, Broad Green (part)	Croydon, Merton
CR8	Purley, Kenley, Russell Hill	Croydon, Sutton, Tandridge
CR9	Shirley	Croydon
SE19	Upper Norwood, Crystal Palace	Bromley, Croydon, Lambeth, Lewisham, Southwark
SE25	South Norwood, Selhurst (part), Thornton Heath (part), Woodside (part)	Croydon
SW16	Streatham, Streatham Common, Norbury, Thornton Heath, Streatham Park, Furzedown, Streatham Vale, Mitcham Common, Pollards Hill, Eastfields	Croydon, Lambeth, 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 £348 millions compared to £164 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 Croydon has shown a decline of 8.6% over 2015

Total No Of Properties Sold By Property Type

In Croydon the total number of properties sold in year 2016 was 5,696. The breakdown by different property types are:

• Terraced 1,526 (26.79%)
• Semi-Detached 926 (16.26%)
• Other 184 (3.23%)
• Flat/Maisonette 2,508 (44.03%)
• Detached 552 (9.69%)

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

• Total number of property sales in Croydon has declined by 11.36% in 2016
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant increase  of 66% over 2015

Average & Median Sales Price

In 2016 the Average property price was £393 K in Croydon. The average property price for the different property types are:

• Detached £676 K
• Flat/Maisonette £264 K
• Other £1.14 millions
• Semi-Detached £455 K
• Terraced £373 K

The Median Price was £332 K. The median property price for the different property types are:

• Detached £618 K
• Flat/Maisonette £260 K
• Other £303 K
• Semi-Detached £445 K
• Terraced £365 K

Year on Year Comparison : Compared to Croydon 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 £2.06 billions (92.18%)
• New Property £175 millions (7.82%) giving

By Number Of Sales

• The number of Not New Property sold was 5,154 (90.48%)
• The number of New Property sold was 542 (9.52%)

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

• New property market share in property market has not changed much in 2016 over 2015

All London Posts

Story Highlights

• Bromley had total Property Sales of £2.67 billions in 2016
• The total number of properties sold in year 2016 was 5,380
• The Average property price was £496 K in Bromley, while Median was £415 K.
• Not New Property contributed 95.7% and New Property 4.3% by value
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty played significant role in total sales value decline of 8.5% compared to 2015

Bromley is one of the Boroughs of South London. It had total Property Sales of  £2.67 billions which was 18.72% of South London Property Market 2016.

Total Sales By Property Type

The split of £2.67 billions across the different property types are:

• Semi-Detached £679 millions (25.44%)
• Detached £674 millions (25.26%)
• Flat/Maisonette £582 millions (21.8%)
• Terraced £581 millions (21.79%)
• Other £152 millions (5.71%)

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

• All the property types have shown decline in sales value

Bromely Property Market at Postcode Level

Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

1. March had property sale spike of £373 millions  compared to £201 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. Year on Year the property market for Bromley has shown a decline of 8.5% over 2015

Total No Of Properties Sold By Property Type

 In Bromley the total number of properties sold in year 2016 was 5,380.

The breakdown by different property types are:

• Terraced 1,329 (24.7%)
• Semi-Detached 1,297 (24.11%)
• Other 116 (2.16%)
• Flat/Maisonette 1,818 (33.79%)
• Detached 820 (15.24%).

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

• Total number of property sales in Bromley has declined by 15.5%
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant increase  of 54.5% 

Average & Median Sales Price

In 2016 the Average property price was £496 K in Bromley. The average price for the different property types are:

• Detached £822 K
• Flat/Maisonette £320 K
• Other £1.31 millions
• Semi-Detached £523 K
• Terraced £438 K

The Median Price was £415 K.The median property price for the different property types are

• Detached £737 K
• Flat/Maisonette £312 K
• Other £373 K
• Semi-Detached £495 K
• Terraced £410 K

Year on Year Comparison : Compared to Bromley Property Market 2015

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

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £2.55 billions (95.7%)
• New Property £115 millions (4.3%) 

By Number Of Sales

• The number of Not New Property sold was 5,135 (95.45%)
• The number of New Property sold was 245 (4.55%) 

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

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

All London Posts

 For 2016 details - Wandsworth Property Market 2016

Story Highlights

• Wandsworth had total Property Sales of £4.6 billions in 2015.
• The total number of properties sold in year 2015 was 6487.
• The Average property price was £703 K  while Median was £556 K.

• Not New Property Contributed £3.72 billion (81.72%) and New Property 833 millions (18.28%) giving combined total of £4.6 billions .

• The number of Not New Property sold was 5241 (80.79%), whereas the number of New Property sold was 1246 (19.21%) giving combined total of 6487.

Total Sales By Property Type

Wandsworth is one of the Boroughs of South London. It had total Property Sales of £4.6 billions which was 30.94% of South London Property Market 2015.

The split across the different property types are:

• Terraced £1.39 billion (30.39%)
• Semi-Detached £255 millions (5.6%)
• Other £177 millions (3.88%)
• Flat/Maisonette £2.6 billions (57.29%)
• Detached £130 millions (2.84%)

Total No Of Properties Sold By Property Type

 In Wandsworth the total number of properties sold in year 2015 was 6487.

The breakdown by different property types are:

• Terraced 1436 (22.14%)
• Semi-Detached 178 (2.74%)
• Other 109 (1.68%)
• Flat/Maisonette 4701 (72.47%)
• Detached 63 (0.97%)

Average & Median Sales Price

In 2015 the Average property price was £703 K in Wandsworth. The average price for the different property types are:

• Detached £2.06 millions
• Flat/Maisonette £555 K
• Other £1.62 millions
• Semi-Detached £1.4 millions
• Terraced £965 K

The Median Price was £556 K.The median property price for the different property types are:

• Detached £1.75 millions
• Flat/Maisonette £495 K
• Other £720 K
• Semi-Detached £1.27 millions
• Terraced £875 K.

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £3.72 billion (81.72%)
• New Property 833 millions (18.28%) giving combined total of £4.6 billions .

 By Number Of Sales

• The number of Not New Property sold was 5241 (80.79%)
• The number of New Property sold was 1246 (19.21%) giving combined total of 6487.

 All London Posts

 For 2016 details - Sutton Property Market 2016

Story Highlights

• Sutton had total Property Sales of £1.34 billions in 2015.
• The total number of properties sold in year 2015 was 3498.
• The Average property price was £382 K in Sutton while Median was £318 K .

• Not New Property Contributed £1.28 billion (96.03%) and New Property 53 millions (3.97%) giving combined total of £1.34 billions .

• The number of Not New Property sold was 3346 (95.65%), whereas the number of New Property sold was 152 (4.35%) giving combined total of 3498.

Total Sales By Property Type

Sutton is one of the Boroughs of South London. It had total Property Sales of £1.34 billions which was 9.07% of South London Property Market 2015.

The split across the different property types are:

• Terraced £327 millions (24.46%)
• Semi-Detached £315 millions (23.59%)
• Other £113 millions (8.47%)
• Flat/Maisonette £367 millions (27.46%)
• Detached £214 millions (16.03%)

Total No Of Properties Sold By Property Type

 In Sutton the total number of properties sold in year 2015 was 3498.

The breakdown by different property types are:

• Terraced 927 (26.5%)
• Semi-Detached 701 (20.04%)
• Other 52 (1.49%)
• Flat/Maisonette 1503 (42.97%)
• Detached 315 (9.01%)

Average & Median Sales Price

In 2015 the Average property price was £382 K in Sutton. The average price for the different property types are:

• Detached £680 K
• Flat/Maisonette £244 K
• Other £2.18 millions
• Semi-Detached £450 K
• Terraced £352 K 

The Median Price was £318 K.The median property price for the different property types are:

• Detached £645 K
• Flat/Maisonette £240 K
• Other £500 K
• Semi-Detached £431 K
• Terraced £340 K

New Vs Not New Property Statistics

By Value Of Sales:

• Not New Property contributed £1.28 billion (96.03%)
• New Property 53 millions (3.97%) giving combined total of £1.34 billions .

By Number Of Sales

• The number of Not New Property sold was 3346 (95.65%)
• The number of New Property sold was 152 (4.35%) giving combined total of 3498.

 All London Posts

For 2016 details - Merton Property Market 2016

Story Highlights

• Merton had total Property Sales of £1.92 billions in 2015
• The total number of properties sold in year 2015 was 3245
• The Average property price was £592 K in while Median was £410 K
• Not New Property Contributed 95.59% and New Property 4.41% by sales value

Total Sales By Property Type

Merton is one of the Boroughs of South London. It had total Property Sales of £1.92 billions which was 13.05% of South London Property Market 2015.

The split across the different property types are:

• Terraced £764 millions (39.73%)
• Semi-Detached £312 millions (16.26%)
• Other £141 millions (7.33%)
• Flat/Maisonette £474 millions (24.69%)
• Detached £230 millions (11.99%)

Total No Of Properties Sold By Property Type

 In Merton the total number of properties sold in year 2015 was 3245.

The breakdown by different property types are:

• Terraced 1387 (42.74%)
• Semi-Detached 334 (10.29%)
• Other 82 (2.08%)
• Flat/Maisonette 1331 (41.02%)
• Detached 111 (3.42%)

Average & Median Sales Price

In 2015 the Average property price was £592 K in Merton. The average price for the different property types are:

• Detached £2.08 million
• Flat/Maisonette £356 K
• Other £1.72 millions
• Semi-Detached £935 K
• Terraced £551 K

The Median Price was £410 K.The median property price for the different property types are:

• Detached £173 K
• Flat/Maisonette £320 K
• Other £788 K
• Semi-Detached £685 K
• Terraced £460 K

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £1.84 billion (95.59%)
• New Property 85 millions (4.41%) giving combined total of £1.92 billions.

By Number Of Sales

• The number of Not New Property sold was 3109 (95.81%)
• The number of New Properties sold was 136 (4.19%) giving combined total of 3245.

 All London Posts