Story Highlights

• Sutton had total Property Sales of £1.33 billions in 2015
• The total number of properties sold in year 2016 was 3218
• The Average property price was £414 K in Sutton while median was £350 K
• Not New Property contributed 96.46% and New Property 3.54% by sales value
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty Hike made Sutton property stagnate with no growth in total property sales

Sutton is one of the Boroughs of South London. It had total Property Sales of £1.3 billions which was 9.36% of South London Property Market 2016.

Total Sales By Property Type

The split of £1.33 billions across its different property types are:

• Flat/Maisonette £353 millions (26.49%)
• Terraced £347 millions (25.99%)
• Semi-Detached £337 millions (25.24%)
• Detached £196 millions (14.72%)
• Other £101 millions (7.55%)

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

• All the property types have shown decline in sales except Terraced, Semi-Detached

Sutton 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 £188 millions  compared to £103 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 Sutton has remained static over 2015

Total No Of Properties Sold By Property Type

 In Sutton the total number of properties sold in year 2016 was 3218

The breakdown by different property types are:

• Terraced 877 (27.25%)
• Semi-Detached 683 (21.22%)
• Other 75 (2.33%)
• Flat/Maisonette 1333 (41.42%)
• Detached 250 (7.77%)

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

• Total number of property sales in Sutton has shown decline of 0.83%
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant growth of 44% in 2016.

Average & Median Sales Price

In 2016 the Average property price was £414 K in Sutton. The average price for the different property types are:

• Detached £785 K
• Flat/Maisonette £265 K
• Other £1.34 millions
• Semi-Detached £492 K
• Terraced £395 K 

The Median Price was £350 K.The median property price for the different property types are:

• Detached £720 K
• Flat/Maisonette £265 K
• Other £299 K
• Semi-Detached £475 K
• Terraced £385 K

Year on Year Comparison : Compared to Sutton 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 £1.29 billion (96.46%)
• New Property £53 millions (3.54%)

By Number Of Sales

• The number of Not New Property sold was 3084 (95.84%)
• The number of New Property sold was 134 (4.16%)

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

• New property market share in property market has slightly gown down in 2016 over 2015

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