Number of new build homes registered for sale down by almost 20%

The number of new build homes sold in March 2019 decreased by almost 20% compared with the same month in 2018, according to official date from the Land Registry. Of the 88,531 sales received for registration in March 2019 some 13,129 were newly built, a 19.7% decrease on March 2018 while 65,821 were freehold, a 0.4% increase on March 2018. A breakdown of the figures shows that the number of detached properties sold increased month on month, up from 18,463 in February to 19,119 in March, but below the 22,667 recorded in January. Terraced properties are still the most popular with 23,435 registered in March, up from 16,121 in February but still down on 25,483 from January.