Story Highlights

• Test Valley had total property sales of £753 millions in 2016
• The total number of properties sold in 2016 was 2,188 properties
• The average sales price in Test Valley was £344 K
• New Property sales were 12.49% by value, where as Not New 87.51%
• Stamp duty hike caused monthly spike in March
• Brexit coupled with Stamp Duty Hike have had significant negative impact on Test Valley Property Market in 2016, there was decline of 10.14% over 2015

Test Valley is one of the districts in Hampshire

Total Sales By Property Type

Test Valley had total property sales of £753 millions, which was 12.14% of the total Hampshire property Market in 2016

The split across the different property types are:

• Detached £332 millions (44.04%)
• Terraced £154 millions (20.42%)
• Semi-Detached £137 millions (18.19%)
• Other £70 millions (9.24%)
• Flat/Maisonette £61 millions (8.11%)

Test Valley Property Market at Postcode Level

Month-wise Break-up of Total Sales

Some of the insights based on the £753 millions month-wise break-down :

Stamp Duty Hike Impact

• March had property sale spike of £78 millions compared to £50 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 decline has been 10.14% 
• So Brexit and Stamp Duty changes have had significant negative impact on Test Valley Property Market in 2016

Total No Of Properties Sold By Property Type

The total property sales of £753 millions in 2016 was spread over 2,188 properties.

• Detached 678 (30.99%)
• Terraced 626 (28.61%)
• Semi-Detached 472 (21.57%)
• Flat/Maisonette 322 (14.76%)
• Other 89 (4.07%)

Average & Median Sales Price

The average sales price in Hampshire was £344 K and for the different property types it was:

• Detached £489 K
• Semi-Detached £290 K
• Terraced £246 K
• Flat/Maisonette £189 K
• Other it is £782 K

Similarly median sales price in Hampshire was £280 K and for different property types are:

• Detached £415 K
• Semi-Detached £272 K
• Terraced £232 K
• Flat/Maisonette £163 K
• Other £424 K

New Vs Not New Property Statistics

By Sales Value the split is as follows:

• New Property contributed £94 millions (12.49%)
• Not New Property contributed £659 millions (87.51%)

By Total Number the split is as follows:

• New properties sold were 324 (14.81%)
• Not new property sold were 1864 (85.19%).

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