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Home registrations fall five per cent – Land Registry
House sales put forward for registration in September has fallen by five per cent year-on-year, according to government figures.
Requests for close to 91,500 house sales to be registered were received by the Land Registry last month, compared to 96,355 the year before.
However, of the registrations received last month a higher number were for sales made in September, compared to the previous period.
Some 25,140 of the registration requests received by Land Registry were for September sales compared to 21,016 in September 2018.
The most expensive house sold in September was in Kensington and Chelsea for £17m while the cheapest property to change hands was sold for £16,000 in Sunderland.
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There was a 2.9 per cent increase in new-build home registrations compared to September 2018.
Semi-detached homes accounted for the most amount of registrations, closely followed by terraced houses.