Story Highlights

• Slough had total property sales of £784 millions in 2016
• The total number of properties sold in 2016 was 1,906 properties
• The average sales price in Bracknell Forest was £411 K, whereas median was £285 K
• New Property sales were 13.47% by value, where as Not New Property contributed 86.53%
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty Hike caused decline of 12.3% in 2016 over 2015

Slough is one of the districts of Berkshire

Total Sales By Property Type

Slough had total property sales of £784 millions, which was 11.95% of Berkshire Property Market 2016

The split of £784 millions across the different property types in Slough are:

• Other £225 millions (28.75%)
• Flat/Maisonette £190 millions (24.3%)
• Terraced £177 millions (22.6%)
• Semi-Detached £123 millions (15.65%)
• Detached £68 millions (8.69%) 

Slough Property Market at Postcode level

Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

1. March had property sale spike of £120 millions compared to £49 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 after-math of Brexit 
3. Year on Year property market in Slough has shown sharp decline of 12.3% in 2016 over 2015 

Total No Of Properties Sold By Property Type

Slough had total property sales of 1906.  The split across the different property types are:

• Flat/Maisonette 866 (45.44%)
• Terraced 539 (28.28%)
• Semi-Detached 315 (16.53%)
• Detached 130 (6.82%)
• Other 56 (2.94%)

Average & Median Sales Price

The average sales price in Slough was £411 K and for the different property types it was:

• Detached £524 K
• Semi-Detached £390 K
• Terraced £329 K
• Flat/Maisonette £220 K
• Other it is £4.02 million

Similarly median sales price in Slough was £285 K and for the different property types are:

• Detached £517 K
• Semi-Detached £381 K
• Terraced £328 K
• Flat/Maisonette £220 K
• Other it is £695 K

New Vs Not New Property Statistics

By Sales Values the split is as follows:

• New Property contributed £106 millions (13.47%)
• Not New Property contributed £678 millions (86.53%)

By Total Number the split is as follows:

• New properties sold were 377 (19.78%)
• Not new property sold were 1,529 (80.22%)

All Berkshire Posts