Priciest home sold in England and Wales in January was almost £38 million

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Priciest home sold in England and Wales in January was almost £38 million

There were more than 116,700 sales of land and property in England and Wales that were registered in January, ranging in price from almost £38 million to £15,000.

The latest data from the Land Registry show that out of 116,795 sales some 87,753 were freehold, a rise of 23.5% compared to January 2017.

Of the total some 16,685 sales were for newly built homes, a rise of 15% compared to January 2017.

Some 499 were of properties in England and Wales for £1 million and over, 307 were of properties in Greater London for £1 million and over while three were in Birmingham and three in Manchester.

The most expensive residential sale taking place in January 2018 was a semi-detached property in the Royal Borough of Kensington and Chelsea in London for £37,720,000. The cheapest was a terraced property in Burnley, Lancashire, for £15,000.

The largest number of sales by housing type was terraced homes with 30,741 sales, followed by semi-detached homes at 29,282, then 25,932 detached houses and 22,887 flats or maisonettes.

The most expensive commercial sale taking place in January 2018 was in Greater Manchester for £103,033,044 and the cheapest was in the Royal Borough of Kensington and Chelsea in London for £100.

Source: www.propertywire.com