Story Highlights

• Buckinghamshire had total property sales of £4.4 Billions in 2016
• The total number of properties sold in 2016 was 9,568 properties
• The average sales price in Buckinghamshire was £460 K, whereas median was £350 K
• Across its districts average sales price was maximum for South Bucks £760 K
• New Property sales were 9.52% by value, where as Not New Property contributed 90.48%
• Stamp duty hike caused monthly spike in March
• Brexit coupled with Stamp Duty Hike had negative impact on Buckinghamshire Property Market in 2016, causing decline of 3.3% over 2015

 

Buckinghamshire is one of the counties of South East England. The districts of Buckinghamshire are Aylesbury Vale, Wycombe, Chiltern, South Bucks

 

Let us look at the Buckinghamshire  Property Market for 2016 in detail.

 

Total Sales By Districts

Buckinghamshire had total property sales of £4.4 Billions which was 7.11% of the total South East property Market in 2016

The split of the sales across the different districts was:

• Aylesbury Vale £1.36 billions (30.87%)
• Wycombe £1.32 billions (29.96%)
• Chiltern £891 millions (20.24%)
• South Bucks £833 millions (18.92%)

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

• Aylesbury Vale, Chiltern had decrease in total sales
• Wycombe, South Bucks had increase in total sales

 

 

Total Sales By Property Type

The split of £4.4 Billions in Buckinghamshire across the different property types are:

• Detached £1.98 billions (45.02%)
• Semi-Detached £905 millions (20.55%)
• Terraced £699 millions (15.88%)
• Flat/Maisonette £504 millions (11.44%
• Other £313 millions (7.11%)

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

• All the property types sales have shown decline except Semi-Detached, Flat/Maisonette

 

 

Month-wise Break-up of Total Sales

Some of the insights based on the £4.4 Billions month-wise break-down :

Stamp Duty Hike Impact

1. March had property sale spike of £588 millions compared to £306 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 decline (compared to 2015) has been 3.30% in 2016
4. Brexit coupled with Stamp Duty Hike had negative impact on Buckinghamshire Property Market in 2016

 

 

 

Total No Of Properties Sold By Property Type

Buckinghamshire had total property sales of 9,568.  The split across different property types are:

• Detached  2,782 (29.08%)
• Semi-Detached 2,302 (24.06%)
• Terraced  2,106 (22.01%)
• Flat/Maisonette 2,028 (21.2%)
• Other  350 (3.66%)

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

• Total number of property sales in 2016 has decreased by  5.53%.
• All property types have shown decline in number of properties sold except property type Flat/Maisonette, Other
• Other has shown significant increase  of 103.5% 

 

 

Average & Median Sales Price

The average sales price in Buckinghamshire was £460 K. For the different property types it was

• Detached at £713 K
• Semi-Detached at £393 K
• Terraced at £332 K
• Flat/Maisonette at £248 K
• Other it is at £894 K

Similarly median sales price in Buckinghamshire was £350 K. For different property types it was

• Detached at £595 K
• Semi-Detached at £359 K
• Terraced at £305 K
• Flat/Maisonette at £220 K
• Other it is at £456 K

Year on Year Comparison : Compared to Buckinghamshire 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 Districts

Across districts the average sales price is as above.

• South Bucks £760 K
• Chiltern £600 K
• Wycombe £427 K
• Aylesbury Vale £349 K

 

Across districts the median sales price is as above.

• South Bucks £540 K
• Chiltern £505 K
• Wycombe £350 K
• Aylesbury Vale £300 K

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

• The average sales price across all the counties have gone up except for Chiltern
• 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 £419 millions (9.52%)
• Not New Property contributed £3.98 billions (90.48%)

By Total Number the split is as follows:

• New properties sold were 1,081 (11.3%)
• Not new property sold were 8,487 (88.7%)

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

• New property market share in property market has gone down

 

All Buckinghamshire Posts