Property: Sales

Justice written question – answered on 30th March 2010.

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Photo of Grant Shapps Grant Shapps Shadow Minister (Communities and Local Government) (Housing and Planning), Co-Chair, Conservative Party

To ask the Secretary of State for Justice what the average sale price of a property previously purchased for more than £1 million was in each of the last three years.

Photo of Michael Wills Michael Wills Minister of State, Ministry of Justice, The Minister of State, Ministry of Justice

Land Registry is able to provide information based on residential properties sold at full value(1) of more than £1 million for each of the last three years in England and Wales.

(1) Full value = residential property transactions where the full price has been paid. The figures exclude a number of transactions including right to buy sales at a discount, properties sold by way of a gift and properties sold under a compulsory purchase or court order.

Average price of properties over £1 million
2007 1,703,929
2008 1,764,024
2009 1,685,369

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