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anonlymouse

Land Registry April 2017 Transaction Data

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April 2017 Transaction Data

Quote

In April:

  • HM Land Registry completed more than 1,386,140 applications
  • the South East topped the table of regional applications with 327,769
  • Birmingham topped the table of applications by local authority area with 20,709

The Transaction Data shows HM Land Registry completed 1,386,147 applications from its customers in April. This included 1,363,340 applications by account holders, of which:

  • 315,717 were applications in respect of registered land (dealings)
  • 662,087 were applications to obtain an official copy of a register or title plan
  • 172,183 were searches
  • 69,962 were transactions for value

for comparison

https://www.gov.uk/government/news/march-2017-transaction-data

Quote
In March:
  • HM Land Registry completed more than 1,796,050 applications
  • the South East topped the table of regional applications with 414,647
  • Birmingham topped the table of applications by local authority area with 28,034

The Transaction Data shows HM Land Registry completed 1,796,056 applications from its customers in March. This included 1,765,228 applications by account holders, of which:

  • 394,967 were applications in respect of registered land (dealings)
  • 868,829 were applications to obtain an official copy of a register or title plan
  • 223,058 were searches
  • 91,676 were transactions for value

So that's

  • 80,000 (20%) fewer applications
  • 200,000 (25%) fewer title searches
  • 50,000 (21%) fewer searchesĀ 
  • 20,000 (22%) fewer transactions for value

In one month.

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Putting it into context on an annual basis:

April 2005 - 102,000 Transactions

April 2006 - 117,000

April 2007 - 118,000

April 2008 - 76,000

April 2009 - 47,000

April 2010 - 61,000

April 2011 - 59,000

April 2012 - 52,000

April 2013 - 62,000

April 2014 - 88,000

April 2015 - 81,000

April 2016 - 112,000

April 2017 - 69,000

So not a complete anomaly but unusual nonetheless.

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Well it's not the first time that April has been lower than March (previous April drops highlighted in yellow below) but after that it's quite normal for it to bounce back up in May & June (Spring sales beginning to complete). This is even the case in general election years (2005, 2010, 2015).

If the May transaction figures are lower againĀ then I'd say that the crash is on.

april-transactions-drop.JPG

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