For 2016 details - North East Property Market 2016
Story Highlights
- North East England had total property sales of £7 billions.
- The total number of properties sold in 2015 was 40,669.
- The total sale at county level was maximum for Tyne And Wear at £3.07 Billions
- The average price in North East England was £167 K while median price was £127 K
- The average sales price at county level was maximum for Tyne And Wear at £184K
- The sales value contributed by New Property was 14.46%, for Not New 85.54 %
North East England is one of the 9 principal areas of England. It consist of the counties Northumberland, Tyne and Wear, County Durham, Darlington, Hartlepool, Stockton-on-Tees, Redcar and Cleveland, Middlesbrough.
Total Value of Sales By Property Types
North East England had total property sales of £7 billions. It contributed 2.3% of the England Wales Property Market 2015.
The split across the different property types was:
- Detached at £2.09 billions (30.8%)
- Semi-Detached at £1.83 billions (26.91%)
- Terraced at 1.511 billions (22.27%)
- Flat/Maisonette at £454 millions (6.7%)
- Other at 904 millions (13.33%)
Total Sales By County
The total sales of £7 Billions in 2015 was split across its counties as above.
Total Number of Sales By Property Types
The total property sales of £7 Billions in 2015 was spread over 40,669 properties.
- Terraced properties at 13,785 (33.9%)
- Detached at 8,589 (21.12%),
- Semi-Detached at 13,126 ( 32.28%),
- Flat/Maisonette at 4,436 (10.91%)
- Others at 733 (1.8%).
Average & Median Sales Price
The average sales price in North East England was £167 K.
For the different property types it was
- Detached at £243 K
- Semi-Detached at £139 K
- Terraced at £110 K
- Flat/Maisonette at £102 K
- Other at £1.23 millions.
Similarly median sales price in North East was £127 K.
For the different property types it was
- Detached at £215 K
- Semi-Detached at £128 K
- Terraced at £90 K
- Flat/Maisonette at £85.5 K
- Other at £250 k
Average & Median Sales Price By County
The average sales price in North East in 2015 at county level is as above.
The median sales price in North East in 2015 is as above.
New Vs Not New Property Statistics
By Value of Sales
- The sales value contributed by New Property was £981 millions (14.46%)
- where as Not New Property contributed £5.80 billions (85.54 %).
By Number of Sales
- New properties sold were 5,095 (12.53%)
- where as not new property sold were 35,574 (87.47%).
All England Posts
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