More freehold homes are being sold in England and Wales with this type of property tenure increasing by 8.6% year on year in the 12 months to October 2018, official data shows.
Of the 106,883 sales received for registration by the Land Registry some 81,051 were freehold, while 13,443 were newly built, a 12.5% increase on October 2017.
The data also shows that terraced homes are still the most popular with 28,352 registered in October, up from 25,333 in September and 26,426 in August.
The next most popular type of home is a semi-detached house with 27,567 registered in October, compared with 25,127 the previous month and 26,430 in August.
There were 25,066 detached homes sold, up from 22,902 in September and 23,132 in August while 19,345 flats or maisonettes were registered, up from 17,081 in the previous month and 17,471 in August.
Overall at 106,883 sales registered, this was up from 96,355 in September 2018 and 99,765 in August. Of these 31,119 took place in October 2018 of which 594 were properties for £1 million and over.
Some 326 were of residential properties in Greater London for £1 million and over, five were in the West Midlands for more than £1 million, five were in Greater Manchester for more than £1 million and two were in Cardiff for more than £1 million.
The most expensive residential sale taking place in October 2018 was of a semi-detached property in Kensington and Chelsea for £17,850,000 while the cheapest residential sales in October 2018 were terraced properties in Ferryhill and Burnley for £19,000.
The most expensive commercial sale taking place in October 2018 was in Hammersmith for £109,800,000 and he cheapest was in the New Forest for £250.
