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10% increase in freehold registrations

by Kevin Rose
2 January 2018
Conveyancers oppose Land Registry privatisation
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HM Land Registry received over 106,000 sales of land and property in England and Wales for registration in November 2017.

79,133 were freehold, a 10.3% increase on November 2016, while 13,095 were newly built, a 5.2% increase on the same month the previous year.

There is a time difference between the sale of a property and its registration at HM Land Registry. Of the 106,142 sales received for registration, 30,458 took place in November 2017 of which 489 were of residential properties in England and Wales for £1 million and over; 293 were of residential properties in Greater London for £1 million and over; four were of residential properties in Greater Manchester for £1 million and over and one was of a residential property in Cardiff for £1 million.

The most expensive residential sale in November 2017 was of a semi-detached property in the London Borough of Kensington and Chelsea for £13m. The cheapest residential sale in November 2017 was of a terraced property in Burnley, Lancashire for £15,000.

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