You are here: Home - News -

January property sales dip to lowest level since May

by: Owain Thomas
  • 01/03/2017
  • 0
January property sales dip to lowest level since May
A £24.2m mansion in Kensington and Chelsea is the most expensive residential property bought so far this year, according to Land Registry data.

In all, the Land Registry reported 25,875 sales in the first month of the year, down from the more than 31,000 completed in each of November and December.

This total is also the lowest recorded since May, when just over 20,600 were reported.

The detached five bedroom house is located on The Vale, just off the Fulham Road, and is the second most expensive to be reported by Land Registry since it began releasing data in April.

The purchase was one of 530 residential sales in January in England and Wales for £1m or more – 322 of these were in London.

In contrast, the cheapest residential sale in January was a semi-detached property in Birmingham for £14,760.

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @ashridgepf: Well what a surprise! We love our clients and they obviously are quite fond of us. Mortgage applicants find humans more r…
  • RT @DanielleDennis9: Always love reading through the tweets of the year every December! Have a look through to recap on a great year https:…
  • RT @mortgagestall: Great to see the hard work brokers put in is getting ever-more recognised https://t.co/cg4ZaJzZJZ
Read previous post:
house with a for sale sign outside
‘Steady’ house price increase in February: Nationwide

The latest house price index from Nationwide Building Society has reported a 0.6% increase in house prices in February, up...

Close