Story Highlights

• Enfield had total Property Sales of £1.67 billions in 2016
• The total number of properties sold in year 2016 was 3611
• The Average property price was £464 K in Enfield, while Median was £375 K
• Not New Property contributed 95.93% and New Property 4.07% by sales value
• Stamp duty hike caused monthly spike in March
• Brexit coupled with Stamp duty hike caused decline in total sales value of  5.6%

Enfiled is one of the Boroughs of North London. It had total Property Sales of  £1.67 billions which was 25.36 % of North London Property Market 2016.

Total Sales By Property Type

The split of £1.67 billions across the different property types are:

• Terraced £579 millions (34.6%)
• Flat/Maisonette £430 millions (25.71%)
• Semi-Detached £335 millions (20.03%)
• Detached £179 millions (10.72%)
• Other £150 millions (8.93%)

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

• All the property types have shown decline in sales except Terraced
• Terraced properties have shown negligible growth of 0.34%

Enfield 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 £290 millions compared to £121 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 the property market for Enfield has shown a decline of 5.65% over 2015

Total No Of Properties Sold By Property Type

In Enfield the total number of properties sold in year 2016 was 3611. The breakdown by different property types are:

• Terraced 1357 (37.58%)
• Semi-Detached 562 (15.56%)
• Other 108 (2.99%)
• Flat/Maisonette 1419 (39.3%)
• Detached 165 (4.57%)

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

• Total number of property sales in Enfield  has declined by 13.38%
• All property types have shown decline in number of properties sold except property type Other, Detached
• Other has shown significant increase of 68.75%

Average & Median Sales Price

In 2016 the Average property price was £464 K in Enfield. The average price for the different property types are:

• Detached £1.1 millions
• Flat/Maisonette £303 K
• Other £1.38 millions
• Semi-Detached £596 K
• Terraced £427 K

The Median Price was £375 K. The median property price for the different property types are:

• Detached £865 K
• Flat/Maisonette £277 K
• Other £316 K
• Semi-Detached £570 K
• Terraced £391 K

 Year on Year Comparison : Compared to Enfield Property Market 2015

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

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £1.61 billion (95.93%)
• New Property £68 millions (4.07%)

 By Number Of Sales

• The number of Not New Property sold was 3478 (96.32%)
• The number of New Property sold was 133 (3.68%)

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

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

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