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Travisher

Distortion Of Land Registry Prices?

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I just received my usual email from ourproperty.co.uk about houses registered as sold in the last month.

Looks quite normal until you start looking at the dates!

Properties registered in February 2016 nearby 18 Green End Road £287,500 Sawtry, PE28 5UX 21st December 2015 15 Buckingham Way £226,500 Sawtry, PE28 5NF 11th December 2015 59 Beaumaris Road £184,000 Sawtry, PE28 5SF 4th December 2015 23c Stanch Hill Road £130,000 Sawtry, PE28 5XG 30th November 2015 9 Sapcote Way £141,000 Sawtry, PE28 5XJ 2nd October 2012 20 Green End Road £124,999 Sawtry, PE28 5UX 30th April 2010 15 Bedford Way £170,000 Sawtry, PE28 5QL 5th November 2004 15 Bedford Way £170,000 Sawtry, PE28 5QL 5th November 2004 56 Green End Road £150,000 Sawtry, PE28 5UY 24th July 1998

What is going on? Isn't there any penalty for failing to register a property in a timely manner?

I know for certain that a number of the older dated ones changed hands in the last couple of years but haven't appeared on the registry database.

Why does 15 Bedford Way appear to have been sold twice on 5th November 2004? Maybe someone found a whole load of registration forms down the back of the filing cabinet when they were preparing to move offices.

Whatever the truth this must distort the figures if this sort of nonsense is going on all over the country.

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I know of one property that was sold by an individual and bought by a company in Q1 2015 that has 100% not been updated in the registry. The price is not know by the state somehow.

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