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Newsletter | January 2012 | The Years in Numbers (Jan 2012)

Published: 15/01/2012 - 11:29
Sales of homes over £1m in London recorded by HM Land Registry

Between 30% and 40% of homes that sell for more than £1m are in London according to the Land Registry but considering that only 3.5% of London sales are in this price bracket, this is a market that makes a lot of noise! 

According to their summary of 2011 HM Land Registry recorded the most expensive sale of a house (between January and November) to be in Hampstead at £19.25m.  This will come as a surprise to many, in particular those who claimed to be involved in huge deals at far higher prices.  Of course there will be reasons why more expensive sales might not be included in the official top of the pops - sales made by Companies for example might not count but it's easy to see why those who claim Stamp Duty Land Tax avoidance is rife think they have a point.  No qualifying sales in One Hyde Park....?

2012 will see more competition at the top end of the housing market.  As the graph below shows, the more expensive homes are becoming more significant but it's worth remembering that the vast majority of homes in London sell for considerably less.

Data supplied by HM Land Registry

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