Story Highlights

• Havant had total property sales of £651 millions in 2016
• The total number of properties sold in 2016 was 2,275 properties
• The average sales price in Havant was £286 K
• New Property sales were 16.03% by value, where as Not New 83.97%
• Stamp duty hike caused monthly spike in March
• Brexit coupled with Stamp Duty Hike have not had negative impact on Havant Property Market in 2016, there was growth of 9.96% over 2015

Havant is one of the districts in Hampshire

Total Sales By Property Type

Havant had total property sales of £651 millions, which was 7.18% of the total Hampshire property Market in 2016

The split across the different property types are:

• Detached £273 millions (41.95%)
• Semi-Detached £146 millions (22.4%)
• Terraced £132 millions (20.22%)
• Flat/Maisonette £51 millions (7.89%)
• Other £49 millions (7.54%)

Havant Property Market at Postcode Level

Month-wise Break-up of Total Sales

Some of the insights based on the £651 millions month-wise break-down :

Stamp Duty Hike Impact

• March had property sale spike of £73 millions compared to £54 millions in Feb
• 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

• Brexit took place on 23rd June 2016.
• Year on Year growth has been 9.96% 
• So Brexit and Stamp Duty changes have not had negative impact on Havant Property Market in 2016

Total No Of Properties Sold By Property Type

The total property sales of £651 millions in 2016 was spread over 2,275 properties.

• Detached 697 (30.64%)
• Terraced 615 (27.03%)
• Semi-Detached 563 (24.75%)
• Flat/Maisonette 360 (15.82%)
• Others 40 (1.76%)

Average & Median Sales Price

The average sales price in Havant was £286 K and for the different property types it was:

• Detached £392 K
• Semi-Detached £259 K
• Terraced £214 K
• Flat/Maisonette £143 K
• Other £1.23 million

Similarly median sales price in Havant was £245 K and for the different property types it was:

• Detached £360 K
• Semi-Detached £259 K
• Terraced £195 K
• Flat/Maisonette £135 K
• Other £293 K

New Vs Not New Property Statistics

By Sales Values the split is as follows:

• New Property contributed £104 millions (16.03%)
• Not New Property contributed £546 millions (83.97%)

By Total Number the split is as follows:

• New properties sold were 242 (10.64%)
• Not new property sold were 2,033 (89.36%).

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