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Land Registry figures for England and Wales show that housing prices rose from £70,000 to £224,000 in the 20 years between 1998 and 2018. [6] Growth was almost continuous during the period, save for two years of decline around 2008 as a result of the banking crisis .
The registry contains 87% of land in England and Wales as of 2019. [5] HM Land Registry is internally independent and receives no government funding; it charges fees for applications lodged by customers. The current Chief Land Registrar (and CEO) is Simon Hayes. [6] The equivalent office in Scotland is the Registers of Scotland.
In June 2016, the UK House Price Index (UK HPI)[1] was launched as a collaboration between the Office for National Statistics, HM Land Registry, Registers of Scotland, and Land and Property Services Northern Ireland. The index is calculated using land registration data (such as HM Land Registry).
English: This Order prescribes the fees to be taken in the Land Registry for the purposes of the Land Registration Act (Northern Ireland) 1970 (“the 1970 Act”) and the manner in which those fees are to be paid.
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Public access to the title and filed plans in pdf format is available for a fee at Land Registry of England and Wales. Public access to a digital version of the boundaries on aerial photography is available at Land Registry UK - Map Search. A legal boundary deals with the precise separation of ownership of land.
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Domestic real estate represented the largest non-financial asset in the UK, with a net worth of £5.1trillion (2014). [3] Foreign investment plays a substantial role in the UK's real estate market, particularly in London, and foreign companies and individuals invested around £20billion in UK real estate in 2012. [4] [needs update]