Property News > New home sales dipped in June, official data shows

New home sales dipped in June, official data shows

Official figures show that the number of new homes registered as sold in England and Wales in June was down 8.9% compared with the same month last year.

The number of freehold properties sold was also down 5% year on year, according to figures from the Land Registry.

The most popular type of properties sold were terraced houses – accounting for 23,345 of the 85,493 properties sold overall – up from 22,714 registered in April and 22,363 registered in May.

Semi-detached properties were the second most popular, with June’s figures showing 22,251 sales – up from 20,897 in April and 19,362 in May. Meanwhile, June also saw a rise in the number of detached homes sold, with numbers reaching 18,518, up from 18,060 in May and 16,728 in April.

However, the number of flats and maisonettes registered as sold in June fell slightly, with a total of 15,678, down from 15,846 in May. Properties categorised as ‘other’ sold in fewer numbers, with June’s figures showing 5,803 sales, down from 6,263 in May and 6,147 in April.

The data also shows that 387 of the total number of properties registered in June were sold for £1 million or over, with 230 of these in Greater London, and one each in Birmingham, Manchester and Cardiff.

The London Borough of Kensington Chelsea saw the most expensive residential sale in June – a detached property which sold for £28,500,000. Meanwhile, the cheapest sale recorded was a terraced property in County Durham, with went for £17,250.

In the commercial sector, the most expensive June sale took place in the City of London for £71,200,000, while the joint-cheapest sales, at just £100, took place in Waltham Forest, London and the Isle of Wight.

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