Transactions drop by over a fifth in first quarter of this year

Transactions plunged by over one fifth across England and Wales in the first three months of this year.

They dropped 21.5% compared with the final quarter of last year, to a total of 190,912.

They were also down 3.9% in number from the same quarter last year.

If London is excluded, there were 169,981 transactions, down 22.4% on a quarterly basis and down 4.6% on an annual basis.

In prime central London, transaction levels were down 9.4% annually and in Greater London, they were down 8.2%.

The latest transaction figures are the fifth consecutive fall.

Further figures below are crunched by London Central Portfolio for EYE. All are based on Land Registry information.

England and Wales without Greater London
Average Price* £251,220
Monthly % Change -1.4%
Quarterly % Change 2.1%
Quarterly Volume of Sales 169,981
Quarterly % Change -22.4%
Annual Volume of Sales 809,003
Rolling Annual % Change 4.6%
Transaction % Change from Previous Annual Quarter
PCL -9.4%
Greater London -8.2%
England & Wales -3.9%
England & Wales w/o GL -3.4%
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