THE SALE OF NEW HOMES AND FREEHOLD PROPERTIES INCREASED IN ENGLAND AND WALES IN APRIL 2018 ACCORDING LAND REGISTRY.
78,408 Sales were recorded in April 2018. Of these, 11,758 were new builds, a 28.2% increase on April 2017. Of these, 57,657 were freehold. This is a 5.2% increase over the period. 363 were residential properties, costing £1 million and over. 213 were in Greater London, two in Birmingham and two in Manchester.
The most expensive residential sale took place in April 2018. It was a detached house in the Royal Borough of Kensington and Chelsea priced at £19.8 million. The cheapest home sale was a terraced property in Burnley, Lancashire, for £17,500.
The most expensive commercial sale took place in April 2018 and was in the City of Westminster. The property sold for £95,370,000. The cheapest property sale was in Bolton for £425.
However, on a broader scale month on month sales were down. A total of 78,408 sales is a decrease from 90,248 in march
Total sales of 78,408 in March were down from 90,284 compared with the previous month but March’s sales were higher than the 85,249 recorded in February.
Looking at these sales figures broken down:
Detached properties – March 20,144 / April 16,728;
Semi detached – March 19362 / April 22,040;
Apartments – March 15457 / April 16,728;
Terraced homes – March 23,036 / April 20,714
All figures taken from the Property Wire