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His Majesty's Land Registry is a non-ministerial department of His Majesty's Government, created in 1862 to register the ownership of land and property in England and Wales. [ 3] It reports to the Ministry of Housing, Communities, and Local Government. [ 4] The registry contains 87% of land in the UK as of 2019.
These covered the majority of mortgage lenders in the UK. The UK House Price Index replaced this release in June 2016.[3] Historically, HM Land Registry also published a separate house price index calculated by Calnea Analytics. It used the HM Land Registry’s data, which consists of the transaction records of all residential property sales in ...
Value of land and buildings in the UK from 1995 to 2016 (trillions) [15] Property companies state that land values follow house prices and that a developer assesses what new build house price is achievable in any particular location with reference to prices and sales rates in the second-hand market and on nearby comparable new build sites.
In September 2015 the average house price was £286,000, and affordability of housing as measured by price to earnings ratio was 5.3. [46] The UK's home dwelling cost per type in July 2018 was on average: [47] Detached: £378,473; Semi-detached: £230,284; Terraced: £200,889; Flat/maisonette: £230,603
Green belt policy has been criticised for reducing the amount of land available for building and therefore pushing up house prices, [5] as 70% of the cost of building new houses is the purchase of the land (up from 25% in the late 1950s). [6]
Real estate is a significant feature of the economy of the United Kingdom, and regulated according to Scottish and English land law. The real estate market in the United Kingdom is the largest or second-largest in Europe (after Germany) depending on the method of measurement. [ 1][ 2] The commercial real estate market in the UK has a market ...
English land law. The area of land in England and Wales is 151,174 km 2 (58,368 mi 2 ), while the United Kingdom is 243,610 km 2. By 2013, 82 per cent was formally registered at HM Land Registry. [ 1] In 2010, over a third of the UK was owned by 1,200 families descended from aristocracy, and 15,354 km 2 was owned by the top three land owners ...
The old headquarters of HM Land Registry, 32 Lincoln's Inn Fields from 1913 to 2011, now the LSE's Department of Economics.. Registered land in English law accounts for around 88 per cent of the total land mass.