Story Highlights

• Hillingdon had total Property Sales of £1.8 billions in 2016
• The total number of properties sold in year 2016 was 3,600
• The average property price was £499 K, while median was £390 K
• Not New Property contributed 90.62% and New Property 9.38% by sales value
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty changes caused decline of 5.56% in total sales compared to 2015

Hillingdon is one of the Boroughs of West London. It had total Property Sales of £1.8 billions which was 12.8% of West London Property Market 2016.

Total Sales By Property Type

The split of £1.8 billions across the different property types are:

• Semi-Detached: £421 millions (23.42%)
• Terraced: £381 millions (21.2%)
• Flat/Maisonette: £366 millions (20.35%)
• Detached: £328 millions (18.23%).
• Other: £302 millions (16.8%)

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

• All the property types have shown decline in sales except Other
• Others has shown growth of 1.34% in total sales value
• Total sales value decreased by 5.56% in 2016 over 2015

Hillingdon Property Market at Postcode level

Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

1. March had property sale spike of £277 millions  compared to £131 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. Total sales value decreased by 5.56% in 2016 over 2015

Total No Of Properties Sold By Property Type

In Hillingdon the total number of properties sold in year 2016 was 3,600. The breakdown by different property types are:

• Terraced: 916 (25.44%)
• Semi-Detached: 891 (24.75%)
• Other: 113 (3.14%)
• Flat/Maisonette: 1,268 (35.22%)
• Detached: 412 (11.44%)

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

• Total number of property sales in Hillingdon has declined by 12.71%
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant increase  of 31.4% 

Average & Median Sales Price

In 2016 the Average price was £499 K in Hillingdon. The average property price for the different property types are:

• Detached: £796 K
• Flat/Maisonette: £289 K
• Other: £2.67 millions
• Semi-Detached: £473 K
• Terraced: £416 K

The Median property price was £390 K. The median property price for the different property types are:

• Detached: £700 K
• Flat/Maisonette: £272 K
• Other: £425 K
• Semi-Detached: £441 K
• Terraced: £407 K

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

• The average and median sales price across all property types have gone up except for others

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £1.63 billion (90.62%)
• New Property contributed £169 millions (9.38%)

 By Number Of Sales

• The number of Not New Property sold was 3,163 (87.86%)
• whereas the number of New Properties sold were 437 (12.14%) 

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

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

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