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

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