Monday, July 2, 2012

Surely not? (said with Sean Connery accent…)

41% year-on-year fall in £1m plus property sales

The latest data from the Land Registry for sales data in March has revealed that year-on-year £1m plus property sales fell by 41% in England and Wales. There were just 501 properties sold over the period, compared to 845 in March 2011. But overall completed property sales rose by 25% year-on-year from 46,572 in March 2011 to 58,609 in March 2012. In terms of house values for May compared to April, house price went up 0.5% and now stands at £161,677.

Posted by jack c @ 08:10 PM (1242 views)
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2 thoughts on “Surely not? (said with Sean Connery accent…)

  • “With the Olympics coming to town at the end of July, the rest of the summer could be slower than normal for agents as the nation is glued to their TV sets.”

    I cannot help but admire the professionalism there – getting the excuse for missed targets out in advance.

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  • But so many £1m+ homes are in offshore companies so sales don’t go through the Registry Office? Of course it’s hard to detect these sales but data from the Land Registry is not really accurate in this bracket.

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