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Written question asked by Grant Shapps (Conservative) on Thursday, 25 March 2010, in the House of Commons. It was due for an answer on Monday, 29 March 2010. It was answered by Lord Wills (Labour) on Tuesday, 30 March 2010 on behalf of the Ministry of Justice.


Property: Sales

Question
To ask the Secretary of State for Justice what the average sale price of a property previously purchased for more than £1 million was in each of the last three years.
Answer

Land Registry is able to provide information based on residential properties sold at full value¹ of more than £1 million for each of the last three years in England and Wales."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."

Average price of properties over £1 million
2007 1,703,929
2008 1,764,024
2009 1,685,369

Secondary information

Type
Written question
Reference
508 c1099-100W; 325230
Session
2009-10
Subjects
Housing Property Prices Sales
Contains statistics
Yes
Link
View this Written question on www.publications.parliament.uk