View more on these topics

Number of sales agreed for registration rises: Land Registry

The number of property sales received for registration ticked upward by 7.6 per cent from February to March, show latest figures from HM Land Registry.

There were 99,372 received sales for registration in March, compared to 82,268 in February.

There was a 0.4 per cent rise in freehold properties month-on-month to 65,821, and a large rise in newly built properties at 19.7 per cent to 13,129.

A total of 28,871 sales took place in March. The most expensive residential sale a detached property in Camden, which sold for £38.5m.

In contrast, the cheapest residential property sale in March 2019 was a terraced property in Ferryhill, County Durham, which sold for £17,250.

The most expensive commercial sale was also in Camden, at for £95m, while the cheapest commercial sale last month was in Brighton for £100.

It must be noted that there is a time difference between the sale of a property and its registration at HM Land Registry, typically between two weeks and two months.

Recommended

Capital

London house prices dip nearly 4%: Land Registry

The average house price in London fell 3.8 per cent in the year to February 2019, according to data collected by Land Registry. Meanwhile, across the UK, year-on-year, the average house price grew 0.6 per cent. Between January 2019 and February, meanwhile, house prices fell 0.8 per cent throughout the UK – leaving the average […]

Pensions - thumbnail

Lifetime allowance

Jim Grant, Senior Product Insight & Technical Support Analyst Benefit crystallisation events and the lifetime allowance charge – all you need to know. The lifetime allowance (LTA) is the maximum amount that can be crystallised before a charge applies. It used to be £1.8m but it’s steadily decreased to £1m. There’s a whole list of […]

Newsletter

News and expert analysis straight to your inbox

Sign up