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Land Registry reveals new build sales crash

  • 02/01/2020
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Land Registry reveals new build sales crash
The number of property sales registered with the Land Registry in November dropped to a total of 92,152, new data has revealed.

This is a fall from the 95,307 sales registered in October, but up from the 91,459 seen in September.

Of those sales, 70,574 were freehold, which is down by 8.8 per cent from the year before, while new build sales crashed 19 per cent from November 2018.

Looking at individual transactions, the most expensive residential sale was for £49.6m for a property in Kensington and Chelsea. At the other end of the scale, a terraced property in Newbiggin-by-the-Sea in Northumberland was sold for just £15,000.

The most costly commercial sale was for a property in Enfield, which fetched £48.6m, while the cheapest was in Denbigh and Deal for a paltry £100.

Around 512 of the transactions were for more than £1m, 291 of which were in Greater London. Six of these million-pound transactions were in the West Midlands, with one each in Greater Manchester and Wales.

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