22% fall in new build registrations year-on-year

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HM Land Registry received more than 97,000 sales of land and property in England and Wales for registration in September 2017.

The number of sales received for registration by property type and month:

Property type September 2017 August 2017 July 2017
Detached 22,377 22,782 21,204
Semi-detached 24,911 26,056 24,117
Terraced 25,829 26,515 24,952
Flat/maisonette 17,958 17,085 16,682
Other   6,027   6,075   6,519
Total 97,102 98,513 93,474

Of the 97,102 sales received for registration in September 2017, 72,519 were freehold, a 3.2% increase on September 2016. 9,013 were newly built, a 21.6% decrease on September 2016.

There is a time difference between the sale of a property and its registration at HM Land Registry.

Of the 97,102 sales received for registration, 27,553 took place in September 2017 of which 568 were of residential properties in England and Wales for £1 million and over. 320 were of residential properties in London for £1 million and over; one was of a sale of a residential property in Birmingham for £1 million and over; three were of residential properties in Greater Manchester for £1 million and over and none were sales of residential properties in Cardiff for £1 million and over.

The most expensive residential sale taking place in September 2017 was of a flat in the City of Westminster, London for £15,200,000. The cheapest residential sale in September 2017 was of a semi-detached property in Birmingham, West Midlands for £17,500.

The most expensive commercial sale taking place in September 2017 was in Wakefield, West Yorkshire for £39,477,000. The cheapest commercial sales in September 2017 were in the London Boroughs of Harrow and Southwark, each for £100.

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