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 how many homes have been purchased for more than (a) £500,000 and (b) £1 million in each year since 1997.

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 the total number of residential properties sold at full value(1) in England and Wales from 1997 to 2009, as follows:

(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.

Over £500,000 Over £1 million
1997 3,392 518
1998 4,119 682
1999 6,863 1,117
2000 9,815 1,797
2001 12,588 2,204
2002 18,359 2,935
2003 19,669 2,823
2004 27,079 3,963
2005 26,981 3,818
2006 42,451 6,333
2007 52,273 8,531
2008 27,356 5,008
2009 25,450 4,535

The numbers in the over £1 million column are also part of the total in the over £500,000 column.

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