Doolittle & Dalley logo
Contact Us
Call us on
0345 3700 300
Email us
call-to-action call-to-action-mobile

Big drop in house sales, Land Registry reports

Search for properties

To buy or to rent?

Property type

Minimum price

Maximum price

Minimum bedrooms


Tue 02 Jun 2015

Big drop in house sales, Land Registry reports

The Land Registry has reported a big drop in sales.

Between November last year and February this year, transactions averaged 64,196 per month – down from 73,156 sales per month for the same period a year earlier.

In February itself there were 54,103 transactions – a 17% drop on the 64,994 recorded in February 2014. There were falls in every single price bracket.

In London, February’s transactions fell 24% compared with the same month last year – down from 9,125 to 6,925. Again, there were drops in all price brackets, with the most notable falls below £250,000.

The average house price in England and Wales reached £179,817 in April, the Land Registry has also reported.

The price was 0.9% up on March and 5.1% annually.

In London, the average price was £474,544 – a 2.3% monthly rise and a 10.9% annual increase.

There were monthly increases in all regions apart from the north-east (down 0.5%) and Wales (down 1.1%).

Repossessions continue to fall, with decreases in all regions. In February there were just 638 repossession sales, down 37% from the 1,016 in February last year.