Back to News

Growth in the property market…

News is now in for March 2017 from HM Land Registry and includes details of over 96500 residential and commercial land and property sales in England & Wales.  

March showed a steady increase from February in applications with HM Land Registry up by 12,331 with 96,565 applications lodged for registration:

  • 67,893 were freehold
  • 14,849 were newly built
  • 33,024 sales took place in March 2017
  • 510 were residential sales in March 2017 in England and Wales for £1 million and over
  • 305 were residential sales in March 2017 in London for £1 million and over

The most expensive residential sale in March 2017 was of a terraced property in the London Borough of Kensington and Chelsea for £11,250,000. The cheapest residential sales in March 2017 were of a terraced property in Blyth, Northumberland and a flat in Weymouth, Dorset each for £10,000.

Information taken from HMLR – https://www.gov.uk/government/news/march-2017-price-paid-data