Residential property sales in the UK fell by 27% to 79,203 in February from the previous month, Land Registry data shows. Of those registered in February, 23,559 were sold that month, of which 378 were for £1m and over. Greater London dominated the market for £1-plus properties with 216 compared with one in Manchester and none in Cardiff. The number of homes on sale has fallen sharply since last year, when there was a surge after Theresa May announced plans to allow foreign buyers into Britain.
Residential property sales in the UK fell by 27% to 79,203 in February from the previous month, Land Registry data shows. Of those registered in February, 23,559 were sold that month, of which 378 were for £1m and over. Greater London dominated the market for £1-plus properties with 216 compared with one in Manchester and none in Cardiff. The most expensive residential sale in February was a terraced property in Kensington & Chelsea for £10.7m, while the cheapest was a terraced property in Chester-le-Street, County Durham, for £19,000.