While Her Majesty’s Land Registry is no longer filled with old-fashioned paper-and-ink maps and charts, it still performs the crucial task of keeping track of the ownership of land and buildings. HM Land Registry keeps track of 25 million titles that constitute £4 trillion worth of property and £1 trillion of debt spread out over 48,000 square miles. The most valuable portion of this is housing, which is 69 percent of the value of all the property HM Land Register tracks. HM Land Register fills the vital role of recording housing transactions, of which there were roughly 1.1 million last year alone.
Key Takeaways:
- Unbeknownst to most, England and Wales has only built on approximately 9% of their land.
- During the year of 2017, HM Land Registry dealt with an estimated 115,000 transactions.
- Commercial realty deals in the UK generated over £55 billion in sales last year.
“If you went back a few years, you would have had a much more immediate sense of our purpose at HM Land Registry.”
Read more: https://hmlandregistry.blog.gov.uk/2018/07/12/the-busy-world-of-hm-land-registry/
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