PR19/11 22/12/2011
Land Registry review of property information for England & Wales 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 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 inclusive1:
- The average price paid for a property in England and Wales in 2011 was £161,727 (compared to £164,916 in 2010)
- The most expensive property sold in England and Wales in 2011 was for £19.25 million for a detached house in Hampstead, north London
- The cheapest property sold in England and Wales in 2011 was for £16,000 for a terraced house in Middlesbrough
- The region with the biggest price fall over the year was the North East (-5.4%)
- The region with the biggest price rise over the year was London (1.4%)
- From January to November inclusive there were 539,577 property sales in England and Wales
- The county with the most property sales was Greater London
- The county with the least property sales was Merthyr Tydfil
- Terraced houses were the type of property to see the most sales in 2011
- Flats saw the fewest sales in 2011
- Average prices by property type over 2011:
-
- Detached - £255,788
- Semi-detached - £153,158
- Terraced - £122,867
- Flat/maisonette - £150,949
- The number of properties sold for over £1 million in England and Wales over 2011 was 6,275
- 16 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 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.
