Story Highlights

• Reading had total property sales of £1.01 billions in 2016
• The total number of properties sold in 2016 was 2,983 properties
• The average sales price in Bracknell Forest was £340 K, whereas median was £280 K
• New Property sales were 10.43% by value, where as Not New Property contributed 89.57%
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty changes caused significant decline of 17.55% in 2016 over 2015

Reading is one of the districts of Berkshire.

Total Sales By Property Type

Reading had total property sales of £1.01 billions, which was 15.47% of Berkshire Property Market 2016

The split across the different property types in Reading are:

• Terraced £297 millions (29.23%)
• Flat/Maisonette £290 millions (28.58%)
• Semi-Detached £189 millions (18.65%)
• Other £125 millions (12.35%)
• Detached £114 millions (11.19%) 

Reading Property Market at Postcode level

Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

1. March had property sale spike of £168 millions compared to £74 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 seem to have been significant dip in property sales after March
3. Year on Year property market in Reading has shown significant decline of 17.55% in 2016 over 2015

Total No Of Properties Sold By Property Type

Reading had total property sales of 2,983.  The split across the different property types are:

• Flat/Maisonette 1235 (41.4%)
• Terraced  969 (32.48%)
• Semi-Detached 502 (16.83%)
• Detached 201 (6.74%)
• Other 76 (2.55%)

Average & Median Sales Price

The average sales price in Reading was £340 K. For the different property types it was:

• Detached £565 K
• Semi-Detached £377 K
• Terraced £306 K
• Flat/Maisonette £235 K
• Other it is £1.65 million

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

• Detached £525 K
• Semi-Detached £365 K
• Terraced £290 K
• Flat/Maisonette £230 K
• Other it is £598 K

New Vs Not New Property Statistics

By Sales Values the split is as follows:

• New Property contributed £106 millions (10.43%)
• Not New Property contributed £909 millions (89.57%)

By Total Number the split is as follows:

• New properties sold were 407 (13.64%)
• Not new property sold were 2,576 (86.36%) 

All Berkshire Posts

 Reference

RG Postcode Area As Per Wikipedia