Story Highlights

• Lewisham had total Property Sales of £2 billions in 2016
• The total number of properties sold in year 2016 was 4364
• The Average property price was £460 K in Lewisham while Median was £383 K
• Not New Property Contributed 86.6% by value and New Property 13.4%
• Stamp duty hike caused monthly spike in March
• Brexit coupled with Stamp duty hike caused decline in total property sales by 12.51% in 2016

Lewisham is one of the Boroughs of East London. It had total Property Sales of £2 billions which was 12.23% of East London Property Market 2016

Total Sales By Property Type

The total sales of £2 billions, split across the different property types are:

• Flat/Maisonette £965 millions (48.09%)
• Terraced £624 millions (31.08%)
• Semi-Detached £185 millions (9.21%)
• Other £182 millions (9.06%)
• Detached £51 millions (2.55%).

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

• All the property types have shown decline in sales except Flat/Maiosnette
• Flat/Maiosnette property sales has remained fairly constant

Lewisham 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 £351 millions  compared to £162 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 Lewisham has shown decline of 12.51% over 2015

Total No Of Properties Sold By Property Type

In Lewisham the total number of properties sold in year 2016 was 4364. The breakdown by different property types are:

• Terraced 1175 (26.92%)
• Semi-Detached 280 (6.42%)
• Other 127 (2.91%)
• Flat/Maisonette 2725 (62.44%)
• Detached 57 (1.31%).

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

• Total number of property sales in Lewisham has declined by 12.8 %
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant growth of 49.4% by number of sales

Average & Median Sales Price

In 2016 the Average property price was £460 K in Lewisham. The average price for the different property types are:

• Detached £898 K
• Flat/Maisonette £354 K
• Other £1.43 millions
• Semi-Detached £661 K
• Terraced £531 K.

The Median Price was £383 K. The median property price for the different property types are:

• Detached £805 K
• Flat/Maisonette £340 K
• Other £350 K
• Semi-Detached £588 K
• Terraced £500 K

Year on Year Comparison : Compared to Lewisham 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 £1.74 billions (86.6%)
• New Property £269 millions (13.4%) 

 By Number Of Sales

• The number of Not New Property sold was 3699 (84.76%)
• The number of New Properties sold was 665 (15.24%) 

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

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

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