(PR20/11) 22/12/2011
Land Registry review of property information for London 2011
As the only organisation to register property sales throughout England and Wales, Land Registry is in a unique position to provide an overview of the property market in London in 2011.
As Land Registry approaches its 150th anniversary in 2012, it marks a century and a half of safeguarding ownership of many billions of pounds worth of property, and providing peace of mind to home-owners about the reliability of the Land Register.
The following information is for January to November inclusive[1]:
- The average price paid for a property in London in 2011 was £342,467 (compared to £336,358 in 2010). This compares to an average price of £161,727 for England and Wales
- The most expensive property sold in London in 2011 was for £19.25 million for a detached property in NW3 (Hampstead)
- The cheapest property sold in London in 2011 was for £67,500 for a flat in DA8 (Bexley)
- The borough with the biggest price fall over the year wasNewham
- The borough with the biggest price rise over the year was the City Of Westminster
- From January to November inclusive there were 74,573 property sales in London
- The borough with the most property sales was Wandsworth
- The borough with the least property sales was Barking & Dagenham
- Flats saw the most sales in London in 2011
- Detached houses saw the fewest sales in 2011
- The number of properties sold for over £1 million in London during 2011 was 3,626
- 14 of these were sold for over £10 million
The title register (all registered properties) is available to members of the public to view online for a fee of £4 per title. It can be used if you:
- want to look at the title register and/or title plan of a property you own
- want to find out who owns a specific property
- are interested in buying a property
- want to lease or rent a property and need to contact the landlord.
Visit our Online services for more information.
Notes to Editors
- Information collated for Land Registry by Calnea Analytics www.calnea.com
- Land Registry issues a monthly House Price Index on the 20th working day of the month. The November index will be published on 30th December 2011.
- With the largest transactional database of its kind detailing over 23 million titles, Land Registry underpins the economy by safeguarding ownership of many billions of pounds worth of property.
- As a government department established in 1862, executive agency and trading fund responsible to the Secretary of State for Business, Innovation and Skills, Land Registry keeps and maintains the Land Register for England and Wales. The Land Register has been an open document since 1990.
- For further information about Land Registry visit www1.landregistry.gov.uk
Contact
Jess Prasad 0300 0067037
Jessica.prasad@landregistry.gsi.gov.uk
Duncan Keary 0300 0067522
Duncan.keary@landregistry.gsi.gov.uk
[1] The figures for December are not yet available. Traditionally December is a slower month for property transactions.
