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Property transaction registrations fall in November: Land Registry

The number of registered property transactions fell on a monthly basis in November, data from HM Land Registry shows.

In total there were 102,703 sales received during the month, down 3.9 per cent from the 106,883 seen in October.

Of these, 77,369 were freehold and 14,866 were newly built, annual decreases in these categories of 2 per cent and 13.5 per cent, respectively.

Of the sales received for registration, 31,721 took place in November, the most expensive being a terraced property in Westminster at £38.8m.

A further 567 properties in England and Wales went for £1m or over, 336 of these in Greater London, three in the West Midlands, seven in Greater Manchester, and two in Cardiff.

Regarding commercial properties, the most expensive sale was completed in Birmingham, for £47.5m, and the joint cheapest were in Merton, Greater London and Dartmouth, South Hampshire, at £100 each.

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.



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