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Holbrook and Co - Specialists in helping people buy, sell and mortgage property

Residential transactions in England and Wales fell by nearly 15% last year, new Land Registry figures suggest.

The latest Price Paid Data from the Land Registry, which details property submitted for registration in 2017, shows only 850,281 residential property transactions. That total was 14.6% down on 2016 when there were 996,650 residential transactions.
This confirms views that the transactions slowed last year but suggests they may not have dropped by as much as the 20% predicted last week.
The most expensive residential sale during December was of a terrace property in the City of Westminster for £10m, while the cheapest residential sale was of a terrace property in Llanelli for £15,000. The number of transactions in 2017 is far fewer than the 1.2m annual sales regularly reported in recent years and well below the 2m transactions a year that were a feature of the housing market in the 1980s.
The figures are in line with those registered during the slump of 2013, when Land Registry records show there were 805,951 transactions. Transactions fell considerably lower in the crash of 2008, when there were 650,513 transactions.
Holbrook & Co have increased their market share in each of the last 3 years, completely bucking the national trend, placing themselves in a strong position to attract residential conveyancing transactions in the Warrington and Cheshire property markets.

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Holbrook & Co
Palmyra Square South
Warrington, Cheshire
WA1 1BL 01925 444422
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