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14% fall year-on-year in freehold registrations

by Kevin Rose
1 March 2019
Conveyancers oppose Land Registry privatisation
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The latest Price Paid Data from HM Land Registry includes details of more than 99,000 sales of land and property in England and Wales received for registration in January 2019.

Of the 99,372 sales received for registration in January 2019:

  • 73,938 were freehold, a 13.8% decrease on January 2018
  • 17,446 were newly built, a 4.6% increase on January 2018

There is a time difference between the sale of a property and its registration at HM Land Registry.

Of the 99,372 sales received for registration 24,531 took place in January 2019 of which:

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  • 480 were of residential properties in England and Wales for £1 million and over
  • 282 were of residential properties in Greater London for £1 million and over
  • 4 were of residential properties in West Midlands for more than £1 million
  • 3 were of residential properties in Greater Manchester for more than £1 million
  • none were of residential properties in Cardiff for more than £1 million

The number of sales received for registration by property type and month

Property typeJanuary 2019December 2018November 2018
Detached22,67720,32023,931
Semi-detached25,33023,51226,797
Terraced25,48323,89026,758
Flat/maisonette19,32815,57319,158
Other6,5545,4906,059
Total99,37288,785102,703

 

The most expensive residential sale taking place in January 2019 was of a terraced property in Kensington and Chelsea for £12,650,000. The cheapest residential sale in January 2019 was of a terraced property in Spennymoor, County Durham for £17,000.

The most expensive commercial sale taking place in January 2019 was in Camden for £32,000,000. The cheapest commercial sale in January 2019 was in Bristol for £100.

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