Story Highlights
- Reigate and Banstead had total property sales of £1.3 billions in 2016
- The total number of properties sold in 2016 was 20,347
- The average sales price was £464 K, whereas the median was £385 K
- New Property sales were 6.49% by value, whereas Not New Property contributed 93.51%
- Stamp duty changes caused monthly spike in March
- Brexit coupled with Stamp Duty changes had negative impact, there was decline of 3.3%
Reigate and Banstead is one of the districts of Surrey.
Total Sales By Property Type
Reigate and Banstead had total property sales of £1.3 billions which was 11.87% of the total Surrey Property Market 2016
The split of £1.3 billions across the different property types are:
- Detached £512 millions (40.22%)
- Semi-Detached £313 millions (24.6%)
- Flat/Maisonette £227 millions (17.79%)
- Terraced £178 millions (13.95%)
- Other £44 millions (3.44%)
Reigate and Banstead Property Market at Postcode Level
Postcode |
Coverage Area |
School |
Local Authority Area |
CR5 |
Coulsdon, Old Coulsdon, Chipstead, Hooley, Netherne-on-the-Hill, part of Woodmansterne, Clockhouse |
Details |
Croydon, Reigate and Banstead, Sutton |
KT17 |
Epsom, Ewell, Stoneleigh |
Details |
Epsom and Ewell, Reigate and Banstead, Sutton |
KT18 |
Epsom, Tattenham Corner, Headley, Langley Vale |
Details |
Epsom and Ewell, Mole Valley, Reigate and Banstead |
KT20 |
Tadworth, Kingswood, Lower Kingswood, Walton-on-the-Hill, Burgh Heath, Mogador, Box Hill |
Details |
Reigate and Banstead, Mole Valley |
RH1 |
Redhill, Merstham, Earlswood, South Earlswood, Whitebushes, Salfords,Nutfield Marsh, South Nutfield, Bletchingley, Outwood |
Details |
Reigate and Banstead, Tandridge |
RH2 |
Reigate, Woodhatch, South Park, Skimmington, Leigh, Dawes Green, Bunce Common, Shellwood Cross, Nalderswood, Sidlow, Irons Bottom |
Details |
Reigate and Banstead, Mole Valley |
RH6 |
Gatwick Airport,Horley, Burstow |
Details |
Reigate and Banstead, Crawley, Mole Valley, Tandridge |
SM2 |
Belmont, South Sutton, South Cheam, East Ewell |
Details |
Epsom and Ewell, Reigate and Banstead, Sutton |
SM7 |
Banstead, Woodmansterne, Nork, Little Woodcote |
Details |
Reigate and Banstead, Sutton |
Month-wise Break-up of Total Sales
Some of the insights based on the £1.3 billions month-wise break-down :
Stamp Duty Hike Impact
- March had property sale spike of £184 millions compared to £110 millions in Feb and then sales sharply drop
- 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 3.3% in 2016 over 2015
- Brexit coupled with Stamp Duty Hike did not impact Reigate and Banstead Property Market in 2016
Total No Of Properties Sold By Property Type
Reigate and Banstead had total property sales of 20347. The split across the different property types are:
- Flat/Maisonette 854 (31.13%)
- Semi-Detached 690 (25.15%)
- Detached 663 (24.17%)
- Terraced 465 (16.95%)
- Other 746 (3,67%)
Average & Median Sales Price
The average sales price in Reigate and Banstead was £464 K and for different property types it was:
- Detached £773 K
- Semi-Detached £454 K
- Terraced £382 K
- Flat/Maisonette £265 K
- Other it is £ 618 K
Similarly median sales price in Reigate and Banstead was £385 K and for different property types are:
- Detached £675 K
- Semi-Detached £425 K
- Terraced £360 K
- Flat/Maisonette £250 K
- Other it is £406 K
New Vs Not New Property Statistics
By Sales Value the split is as follows:
- New Property contributed £83 millions (6.49%)
- Not New Property contributed £1.2 billions (93.51%)
By Total Number the split is as follows:
- New properties sold were 209 (7.62%)
- Not new property sold were 2,534 (92.38%)
All Surrey Posts
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