Official data shows more than 100,000 sales registered in England and Wales in November
More than 102,000 sales of land and property were registered in England and Wales in November 2018, the latest official data shows.
Overall there were 102,703 sales received by the Land Registry of which 77,369 were freehold, a 2% decrease on November 2017 and 14,866 were newly built, a 13.5% increase over the same period.
Semi-detached sales overtook the traditionally popular terraced home sales in November with 26,797 recorded compared with 26,758. This compares with 27,567 semi-detached in the previous month and 28,352 terraced registrations.
Some 23,931 detached homes were registered in November, down from the 25,066 in October and there were 19,158 flats or maisonettes registered, down from 19,352 the previous month.
There is a time difference between the sale of a property and its registration at the Land Registry.
Of the 102,703 sales received for registration, some 31,721 took place in November 2018 of which 567 were of residential properties in England and Wales for £1 million and over, 336 were of residential properties in Greater London for £1 million and over.
The data also shows that three were of residential properties in West Midlands for more than £1 million, seven were in Greater Manchester for more than £1 million and two were in Cardiff for more than £1 million.
The most expensive residential sale taking place in November 2018 was a terraced property in the City of Westminster for £38,822,000 while the cheapest was a terraced property in Burnley, Lancashire, for £16,700.
The most expensive commercial sale taking place in November 2018 was in Birmingham for £47,500,000. The two cheapest commercial sales in November 2018 were in Merton, Greater London and Dartmouth, South Hampshire for £100.
Kindly shared by Property Wire