HM Land Registry Monthly Update December 2023

HM Land Registry publishes its monthly transaction data monthly, and the generic release of information for December 2023 (published January 2024) was very informative.

We learn that the South East of England had the greatest number of regional applications (some 300,944 in one month), followed next by Greater London (some 252,332 in one month).

Predictably, activity levels were down in December 2023 as compared to the previous two months, which is not entirely surprising given seasonal celebrations and holidays.

From a local authority perspective, the greatest number of December applications were made by the Birmingham local authority, with the second highest originating from the City of Westminster.

By some considerable margin of activity, the greatest number of HM Land Registry applications were made by InfoTrack Limited. We at Ferbrache & Farrell are pleased to partner with InfoTrack UK to ensure the best service to our clients.

Although we do not profess to be predictors of longer-term market movements, we do nevertheless anticipate an increase in HM Land Registry application activity in January 2024. This may be attributed to the headwinds of economic change now easing back a little, and a number of pieces of positive industry news making the headlines.

We very much look forward to providing updates accordingly.

If you need any further information or legal advice, including conveyancing of a property in England, please contact our designated UKRE team Anna Douglass, Alastair Hargreaves, Caren Vidamour and Naledi Odiseng, who will be delighted to assist.