581 homes sold for more than £1m in July, according to the latest batch of Land Registry price paid data, with London accounting for 339 of those deals. But the month saw no super-prime £10m+ transactions being lodged at all.
The numbers do indicate a quite striking upward trend in seven-figure residential sales since the start of that awfully-quiet Q2: just 246 £1m+ sales were registered in April across England & Wales (152 in London), rising to 296 in May (182 in London), up to 442 in June (283 in London), and now 581 (339 in the capital).
A stunning double-fronted house on Pelham Crescent in the Royal Borough topped July’s Grand Registry, after fetching £8.9m. Measuring nearly 3,000 square feet, the Grade II* four-bed overlooks the communal gardens and was tucked away in mid-July.
A chunky apartment in Knightsbridge’s Kingston House North went through at £8.125m, and big sales were also lodged on Park Crescent (£7.55m) and Kensington Gate (£7.5m).
Looking at the bigger picture, 86,900 residential and commercial land and property sales in England and Wales lodged were for registration in July 2016.
- Number of sales lodged for registration by property type
|Property type||July 2016|