For 2015 Post - Bristol Property Market 2015

All South West England Posts

 

All South West England Posts

 

 

All South West England Posts

 

Story Highlights

• South West had total property sales of £31 Billions in 2016
• Across its counties the property sale was maximum in Devon at £4.43 Billions
• The number of properties sold in South West was 109,500 properties.
• The average sales price in South West was £280 K, while median was £225 k.
• The average sales price across counties was maximum in Bath And North East Somerset at £410 K
• New properties contributed 8.13% and not new property contributed 91.87% by value
• Stamp duty hike caused monthly spike in March
• Brexit coupled with Stamp Duty did not have negative impact on South West England property market 2016

 

South West England is one of the 9 principal areas of England. It comprises of Bath and North East Somerset, North Somerset, Bristol, South Gloucestershire, Gloucestershire, Swindon, Wiltshire, Dorset, Poole, Bournemouth, Somerset, Devon, Torbay, City Of Plymouth, Isles of Scilly, Cornwall.

 

Total Sales By County

South West had total property sales of £31 Billions. It contributed 10.31% of the England and Wales Property Market 2016 

The total sales of £31 billions in 2016 was split across its counties as above.

• Devon at £4.43 billions (14.45%)
• Gloucestershire at £3.78 billions (12.33%)
• Cornwall at £2.87 billions (9.37%)
• Somerset at £2.72 (8.89%)
• Dorset at £2.7 Billions (8.82%)
• Wiltshire at £2.66 Billions (8.66%)
• Bristol at £2.5 Billions (8.09%)
• South Gloucestershire at £1.41 Billions (4.61%)
• Bath And North East Somerset at £1.35 Billions (4.39%)
• North Somerset at £1.2 Billions (3.95%)
• Poole at £1.17 Billions (3.82%)
• Bournemouth at £1.16 Billions (3.78%)
• Swindon at £1.09 Billions (3.54%)
• City of Plymouth £965 millions (3.15%)
• Torbay £647 millions (2.11%)
• Isle of Scilly £10 millions.

 

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

• All the counties had growth in total sales except Swindon, Torbay

 

Total Value of Sales By Property Types

The split of £31 Billions across the different property types was :

• Detached at £11.45 billions (37.34%)
• Terraced at £6.86 billions (22.36%)
• Semi-Detached  at £5.78 billions (18.86%)
• Flat/Masionette at £3.76 billions (12.28%)
• Other at £2.81 Billions (9.15%)

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

• All the property types sales value have shown growth except Detached
• Year on Year growth was 3.33% compared to 2015 

 

 

Month-wise Break-up of Total Sales

Some of the insights based on the £31 billions month-wise break-down :

Stamp Duty Hike Impact

1. March had property sale spike of £4.15 billions compared to £2.33 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 dip in property sales in the immediate aftermath of Brexit 
3. Year on Year growth was 3.33% compared to 2015 
4. Brexit coupled with Stamp Duty did not have negative impact on South West England property market 2016

 

 

Total Number of Sales By Property Types

The total property sales of £31 Billions in 2016 was spread over 109,500 properties.

• Terraced properties at 31,424 (28.7%) ,
• Detached at 30,152 (27.54%),  
• Semi-Detached at 23,610 (21.56%),
• Flat/Maisonette at 20,562 (18.78%),
• Others at 3,752 (3.43%) 

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

• Total number of property sales in 2016 has decreased by  2.02%.
• All property types have shown decline in number of properties sold except property type Other.
• Other has shown significant increase of 114% 

 

 

Average & Median Sales Price

The average sales price in South West was £280 K. For the different property types it was

• Detached at £380 K
• Semi-Detached at £245 K
• Terraced at £218 K
• Flat/Maisonette at £183 K
• Other it is at £748 K

The median sales price in South West was £225 K. For the different property types it was

• Detached £328 K
• Semi-Detached £223 K
• Terraced £190 K
• Flat/Maisonette £153 K
• Other £280 K

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

• The average and median property prices have gone up except for property type Other
• Other has had decline in average and median property price

 

 

Average & Median Sales Price By County

The average sales price for the counties of South West England are as above.

• The maximum was for Bath And North East Somerset at £410 K
• Poole at £362 K
• Isles Of Scilly at £352 K
• Bristol at £312 K
• Dorset at £309 K
• Gloucestershire at £301 K
• Wiltshire at £292 K
• South Gloucestershire at £291 K
• North Somerset at £278 K
• Devon at £271 K
• Bournemouth at £268 K
• Cornwall at £256 K
• Somerset at £245 K
• Swindon at £233 K
• Torbay at £213 K
• with minimum for City of Plymouth at £206 K

 

• The maximum was for Isles Of Scilly at £350 K
• Bath And North East Somerset at £302
• Dorset at £270 K
• Poole at £262 K
• Wiltshire at £242 K
• Bristol at £240 K
• South Gloucestershire at £240 K
• Devon at £230 K
• North Somerset at £228 K
• Bournemouth at £225 K
• Gloucestershire at £222 K
• Cornwall at £208 K
• Somerset at £203 K
• Swindon at £192 K
• Torbay at £180 K
• with minimum for City of Plymouth at £164 K

 

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

• The average and median sales price across all the counties have gone up

 

New Vs Not New Property Statistics

By Sales Value

• The sales value contributed by New Property was £2.49 billions (8.13%)
• where as Not New Property contributed £28.16 billions (91.87%)

By Number Of Sales

• Number of new properties sold were 9,169 (8.37%)
• where as not new property sold were 100,331 (91.63%).

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

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

 

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 For 2016 Details : Wiltshire Property Market 2016 at Postcode Level with School Details

Story Highlights

• Wiltshire had total property sales of £2.64 Billions in 2015
• The total number of properties sold in 2015 was 9,376
• The average sales price in Wiltshire was £282 K, whereas median was £230 K
• New Property sales were 12.92% by value, whereas Not New Property contributed 87.08%

 

Wiltshire is a county in South West England

Total Value of Sales By Property Types

Wiltshire had total property sales of £2.64 Billions which was 8.91% of the total South West property Market in 2015.

 The split across the different property types in Wiltshire are:

• Terraced £556 millions (21.06%)
• Semi-Detached £513 millions (19.44%)
• Other £138 millions (5.23%)
• Flat/Maisonette £166 millions (6.27%)
• Detached £1.27 Billions (48%)

 

Total Number of Sales By Property Types

Wiltshire had total property sales of 9,376. The split across the different property types are:

• Detached 3,292 (35.11%)
• Flat/Maisonette 1,068 (11.39%)
• Other 146 (1.56%)
• Semi-Detached 2,152 (22.95%)
• Terraced 2,718 (28.99%)

 

Average & Median Sales Price

The average sales price in Wiltshire was £282 K and for the different property types it was:

• Detached £385 K
• Semi-Detached £238 K
• Terraced £205 K
• Flat/Maisonette £155 K
• Other it is £945 K

Similarly median sales price in Wiltshire was £230 K and for the different property types it was:

• Detached £328 K
• Semi-Detached £215 K
• Terraced £183 K
• Flat/Maisonette £130 K
• Other it is £340 K

 

New Vs Not New Property Statistics

By Sales Values the split is as follows:

• New Property contributed £341 millions (12.92%)
• Not New Property contributed £2.3 billions (87.08%)

By Total Number the split is as follows:

• New properties sold were 1,253 (13.36%)
• Not new property sold were 8,123 (86.64%)

 

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