Land Registry suggests gloom has returned to the property market as registrations slide

The Land Registry has recorded more of a spring slump than a bounce in property registrations for last month.

Its latest Price Paid Data on registrations received in April shows residential transactions filed to the Land Registry dropped 13.4% between March and April to 72,261.

However, this was a 3.7% improvement on a year before.

Registrations had ticked back up between February and March by 5.3% to 83,473 after a 27% drop between the first two months of the year.

It comes after the number of registrations fell 27% in February.

It can typically take between two weeks and two months for the Land Registry to register sales so the actual data may end up looking different between May and June.

Among the transactions registered in April, the Land Registry said 18,696 took place during the month.

Of these, 363 were for residential properties in England and Wales for £1m and over, with most in London at 213.

The most expensive residential sale in April 2018 was of a detached property in the Royal Borough of Kensington & Chelsea for £19.8m, while the cheapest was for a terrace property in Burnley, Lancashire, for £17,500.


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