December new build sales down 9% year-on-year

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Land Registry has published property sales data for December 2019.

The most expensive residential sale taking place in December 2019 was of a flat in City of Westminster for £39,500,000. The cheapest residential sale in December 2019 was of a terraced property in Seaham, Count Durham for £20,000.

The most expensive commercial sale taking place in December 2019 was in City of Westminster for £125,735,586. The cheapest commercial sale in December 2019 was in Lytham St Annes for £350.

Of the 83,715 sales received for registration in December 2019, 64,012 were freehold, an 5.5% decrease on December 2018.

9,699 were newly built, a 9.1% decrease on December 2018.

This month’s Price Paid Data includes details of more than 83,500 sales of land and property in England and Wales that HM Land Registry received for registration in December 2019.

Of the 83,715 sales received for registration 20,296 took place in December 2019 of which:

  • 453 were of residential properties in England and Wales for £1 million and over;
  • 275 were of residential properties in Greater London for £1 million and over;
  • 2 were of residential properties in West Midlands for more than £1 million;
  • 2 were of residential properties in Greater Manchester for more than £1 million; and
  • 1 was of a residential property in Wales for more than £1 million.

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