Do you want to view a house price? The Land Registry cannot help it, as it no longer monitored the sale during closing
- The Land Registry said the data is ‘not as representative as usual’
- This is because far fewer real estate sales have been realized in recent months
Official data on the rise – or fall – in real estate prices has slowed as Land Registry staff no longer monitored sales during the lockdown.
Potential buyers and sellers researching selling prices in their area typically turn to websites such as Rightmove and Zoopla to get the latest numbers. These figures come from the Land Registry, which registers all real estate transactions. Usually there are 100,000 per month.
But due to staffing problems during the lockdown, the Land Registry has stopped publishing data and is now lagging behind – although much less real estate was sold in those months.
Property prices: Due to personnel problems during the lockdown, the Land Registry has stopped publishing data and is now in arrears
A spokesperson for the Land Registry told The Mail on Sunday’s sister website This Is Money: “We still publish data on prices paid, but it is not as representative as usual. We had to focus on our core cadastre service and recording the house price is not part of that.
However, this has since resumed and every month we are publishing more data and we hope we caught up with the next few releases.
A Rightmove spokeswoman confirmed that the website is now receiving more house price information from the Land Registry and that sales prices will be added to the site as soon as possible.