Story Highlights

• Haringey had total Property Sales of £1.68 billions in 2016
• The total number of properties sold in year 2016 was 2761.
• The Average property price was £607 K in Haringey, while Median was was £446 K.
• Not New Property Contributed 93.35% and New Property 6.65% by sales value.
• Stamp duty hike caused monthly spike in March.
• Brexit coupled with Stamp duty hike caused total sales to decline by 9% in 2016.

Haringey is one of the Boroughs of North London. It had total Property Sales of £1.68 billions which was 25.38% of North London Property Market 2016.

Total Sales By Property Type

The split of £1.68 billions across the different property types are:

• Flat/Maisonette £651 millions (38.87%)
• Terraced £625 millions (37.29%)
• Other £143 millions (8.54%)
• Semi-Detached £138 millions (8.23%)
• Detached £118 millions (7.07%)

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

• Haringey as a whole had property sales decrease of 9.2%
• All property types had decrease in total property sales compared to 2015

Haringey Property Market at Postcode level

Postcode	Coverage Area	Local Authority Area
N2	East Finchley, Fortis Green, Hampstead Garden Suburb (part)	Barnet, Haringey
N4	Finsbury Park, Manor House, Harringay (part), Stroud Green (part)	Haringey, Islington, Hackney
N6	Highgate, Hampstead Heath (part)	Camden, Haringey, Islington
N8	Hornsey, Crouch End, Harringay (part)	Haringey, Islington
N10	Muswell Hill	Haringey, Barnet
N11	New Southgate, Friern Barnet, Bounds Green, Arnos Grove (part)	Enfield, Barnet, Haringey
N13	Palmers Green	Enfield, Haringey
N15	South Tottenham, Harringay (part), West Green, Seven Sisters, Stamford Hill (part)	Hackney, Haringey
N17	Tottenham, Wood Green (part)	Haringey
N18	Upper Edmonton, Edmonton (part)	Enfield, Haringey
N22	Wood Green, Bounds Green (part), Bowes Park	Haringey, Enfield

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 £295 millions compared to £123 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 seem to have been some dip in property sales in the immediate aftermath of Brexit 
3. Year on Year property market for Haringey has shown a decline of 9.2% over 2015

Total No Of Properties Sold By Property Type

In Haringey the total number of properties sold in year 2016 was 2761. The breakdown by different property types are:

• Terraced 865 (31.33%)
• Semi-Detached 122 (4.42%)
• Other 138 (5%)
• Flat/Maisonette 1598 (57.88%)
• Detached 38 (1.38%)

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

• Total number of property sales in Haringey has declined by 9.4%
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant growth of 70.4%

Average & Median Sales Price

In 2016 the Average property price was £607 K in Haringey. The average price for the different property types are:

• Detached £3.12 millions
• Flat/Maisonette £408 K
• Other £1.04 millions
• Semi-Detached £1.13 millions
• Terraced £722 K

The Median Price was £446 K. The median property price for the different property types are:

• Detached £2.1 millions
• Flat/Maisonette £377 K
• Other £365 K
• Semi-Detached £1 millions
• Terraced £595 K

 Year on Year Comparison : Compared to  Haringey 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 £1.56 billion (93.35%)
• New Property £111 millions (6.65%)

 By Number Of Sales

• The number of Not New Property sold was 2483 (89.93%)
• The number of New Property sold was 278 (10.07%)

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

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

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