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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 June 2015, Zoopla bought the price comparison website Uswitch for £190m. [21] In February 2017, the company changed its name to ZPG plc. [ 22 ] In September 2017, Zoopla purchased the financial services comparison website Money.co.uk for £140 million.
OnTheMarket.com is a United Kingdom property portal similar to Rightmove and Zoopla. In October 2023, it was announced that the firm would be acquired by CoStar Group for £99 million. [1] On December 12, the Washington, D.C .-based property data company reported having completed the purchase of OnTheMarket plc. [2]
The consequence of this is seen in the high price for top-end dwellings. The most expensive home ever sold in the UK was 2–8a Rutland Gate, Hyde Park, which sold for £280 million in 2015. [49] The most expensive street in the UK is Kensington Palace Gardens, London, where the average price of a home is approximately £42 million. [50]
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 ...
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 ...