Admin l Tuesday, March 28, 2017
ENGLAND, United Kingdom – The Land Registry in the United Kingdom has released figures for properties sold in England and Wales for the month of February.
According to the statistics, the cheapest commercial sale for February in the United Kingdom was transacted in Cambridge for £100, while the most expensive commercial sale in February 2017 was in Southampton for £58,154,115.
The department added that the most expensive residential sale in February 2017 was of a terraced property in the London Borough of Kensington and Chelsea for £10,000,000.
It added that the cheapest residential sale in February 2017 was of a semi-detached property in Birmingham for £15,000.
Over 84,200 residential and commercial land and property sales in England and Wales were lodged for registration in February 2017.
Of the 84,234 sales lodged for registration: 59,035 were freehold, 14,430 were newly built, 25,698 sales took place in February 2017, 436 were residential sales in February 2017 in England and Wales for £1 million and over; 259 were residential sales in February 2017 in London for £1 million and over, the Land Registry said.
Of all the properties, 18,594 were detached, 20, 067 were semi-detached, 21, 164 were terraced, 18, 135 were Flat/maisonette, while other were 6,274, bringing the total figure to 84,234.
As a government department established in 1862, executive agency and trading fund responsible to the Secretary of State for Business, Energy and Industrial Strategy, Land Registry keeps and maintains the Land Register for England and Wales.
The Land Register has been open to public inspection since 1990.With the largest transactional database of its kind detailing over 24 million titles, Land Registry underpins the economy by safeguarding ownership of many billions of pounds worth of property.