31.07.2014
According to the latest report, the number of £1 million-plus properties that changed hands in April increased by 39 per cent to 1,028, a rise from 740 in the same month last year. The House Prices Index indicated that 214 of these homes were sold for more than £2 million.
London was the most buoyant market in terms of high-value property, with 735 homes in the capital selling for over £1 million, with Chelsea becoming the most popular area, as foreign investors are driving a property boom in the borough.
In England and Wales overall, Land Registry figures indicated average house prices held steady between May and June 2014 – at £172,011, around £10,000 below the peak price achieved in November 2007.
Land Registry Figures Indicate An Increase In High-Value Property Sales
The latest figures published by the Land Registry indicated a sharp increase in the number of properties being sold for over £1 million in England and Wales in April.According to the latest report, the number of £1 million-plus properties that changed hands in April increased by 39 per cent to 1,028, a rise from 740 in the same month last year. The House Prices Index indicated that 214 of these homes were sold for more than £2 million.
London was the most buoyant market in terms of high-value property, with 735 homes in the capital selling for over £1 million, with Chelsea becoming the most popular area, as foreign investors are driving a property boom in the borough.
In England and Wales overall, Land Registry figures indicated average house prices held steady between May and June 2014 – at £172,011, around £10,000 below the peak price achieved in November 2007.
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