Thu 03 May 2018 View all news articles

Terraced homes still the most popular property type in England and Wales

Terraced homes are still the most popular among buyers in England and Wales but sales of semi-detached properties are not far behind, the latest official figures show.

Some 23,036 terraced home sales were received for registration by the Land Registry in March 2018, up from 21,462 in the previous month while the number of semi-detached increased from 20,725 in February to 22,040.

Sales of detached homes are stable, with 20,144 registered in March, up slightly from the 19,174 in February. Numbers are also stable for flats and maisonettes at 18,253, up from 17,842 in February.

Overall the data shows that 90,284 sales of land and property in England and Wales were registered of which 65,558 were freehold, a 3.4% decrease on March 2017 and 16,355 were newly built, a 10% increase year on year.

The most expensive home sold was a detached property in Barnet, Greater London, for £15 million and the cheapest was of a terraced property in Bishop Auckland, County Durham, for £20,000.

The most expensive commercial sale taking place in March 2018 was in the City of London, for £154 million and the cheapest commercial sale was in Bury St Edmonds for £100.

Some 463 properties were sold for £1 million and over of which 275 were in Greater London, one in Birmingham and four in Greater Manchester.

Source: Property Wire

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