Story Highlights

• Barnet had total property sales of £3.25 Billions in 2016
• The total number of properties sold was 5388
• In 2016 the Average property price was £603 K, while Median Price was £464 K
• Not New Property Contributed 82.7% and New Property 17.3% by Sales Value
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty changes caused decline in total sales value by 3.5%

Barnet is one of the boroughs of North London. It had property sales of £3.25 Billions which was 49.26% of North London Property Market 2016 .

Total Sales By Property Type

 The split of £3.25 Billions across the different property types are:

• Flat/Maisonette £1.2 billions (36.82%)
• Semi-Detached £783 millions (24.08%)
• Terraced £531 millions (16.34%)
• Detached £480 millions (14.77%)
• Other £260 millions (7.99%)

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

• All the property types have shown decline in sales except Flat/Maisonette, Other
• Flat/Maisonette has shown very modest growth of 9% 

Barnet 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 £ 618 millions  compared to £247 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 has been dip in property sales in the immediate aftermath of Brexit 
3. Year on Year the property market for Barnet has shown a decline of 3.45% over 2015

Total No Of Properties Sold By Property Type

In Barnet the total number of properties sold in year 2016 was 5388. The breakdown by different property types are:

• Terraced  896 (16.63%)
• Semi-Detached 1007 (18.69%)
• Other 158 (2.93%)
• Flat/Maisonette 2947 (54.7%)
• Detached 380 (7.05%)

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

• Total number of property sales in Barnet has declined by 3.9%
• All property types have shown decline in number of properties sold except property type Other, Flat/Maisonette
• Other has shown significant growth of 68% in number of properties sold

Average & Median Sales Price

In 2016 the Average property price was £603 K in Barnet. The average price for the different property types was:

• Detached £1.26 millions
• Flat/Maisonette £406 K
• Other £1.64 millions
• Semi-Detached £777 K
• Terraced £593 K 

The Median Price in Barnet was £464 K. The median property price for the different property types was:

• Detached £1.02 million
• Flat/Maisonette £370 K
• Other £526 K
• Semi-Detached £690 K
• Terraced £561 K

 Year on Year Comparison : Compared to Barnet Property Market 2015

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

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £2.7 billions (82.7%)
• New Property £562 millions (17.3%) 

By Number Of Sales

• The number of Not New Property sold was 4235 (78.6%)
• The number of New Property sold was 1153 (21.4%) 

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

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

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