Million-pound home sales across England and Wales rose nearly 16% in November compared to a year ago, according to official data published on Wednesday.
In the overall market, the U.K. Land Registry recorded 102,000 sales for land and property in November, a 2% decrease from a year ago that reflects the more subdued housing market across the U.K. Transactions fell in November for all property types, which include detached, semi-detached, terraced houses and flats, according to the government data.
Contrary to the general decline in property sales, deals over £1 million (US$1.263 million) increased in Greater London and Greater Manchester.
In London, 336 properties sold for £1 million or more in November, a 14.6% year-over-year rise. There were seven such deals in Manchester, nearly double the total recorded in November 2017.
There were also two such sales in Cardiff, Wales.
A historic terraced house in the posh Mayfair neighborhood of prime central London was the most expensive residential sale in November. The 18th-century home with a modern renovation and a plethora of high-end amenities sold for £38.822 million.
The least expensive residential deal that month was a terraced house in Burnley, Lancashire, that sold for £16,700, according to the official data.
Meanwhile, new development accounted for a greater portion of property transactions and rose 14,866 in November, a 13.5% increase compared to a year ago.