New Home Sales Increase In England And Wales In April 2018
THE SALE OF NEWLY BUILT HOMES AND FREEHOLD PROPERTIES INCREASED IN ENGLAND AND WALES IN THE MONTH OF APRIL 2018, OFFICIAL FIGURES FROM THE LAND REGISTRY SHOW.
78,408 Sales were recorded in April 2018. Out 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. Of there, 213 were in Greater London, two in Birmingham and two in Manchester.
The most expensive residential sale took place in April 2018 and a detached house in the Royal Borough of Kensington and Chelsea priced at £19.8 million, while 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 for £95,370,000 and the cheapest was in Bolton for £425.
But 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 in March, of 78,408, 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 20,714Tags: conveyancing, first time buyers, property news, Stamp duty