When you can no longer buy the latest luxury homes in England and Wales, can you?
The market is changing, but you may not know it.
The latest luxury home sales figures from Land Registry show that sales of new properties fell sharply in the first half of 2018.
The figure was up 4.5% compared to the same period last year.
The figures show that more than a third of all new properties sold in the UK were sold in England in the three months to the end of March.
Sales rose in Wales and Northern Ireland and fell in Scotland and Wales.
The biggest growth was in England, where sales rose 11% compared with the same three months last year, according to the Land Registry figures.
However, sales in the North East and Midlands saw the biggest decline, while sales in London and Wales dropped 6.7%.
The figures also show that in the second half of the year, a record number of new homes were sold.
The first half saw sales of 5.3 million, up 5% on the previous year.
This was more than double the number of properties sold during the same quarter last year (3.9 million).
The new homes sold in March were sold for an average price of £8.9m.
That was up 5.6% on March 2018.
Property sales rose 2.9% compared for the first six months of 2018, to a record 5.7 million.
This is down 3.6%.
There were also 2.3m new properties listed for sale in March, down 3% compared a year ago.
The number of people buying new homes in March fell 1.4% compared at the end the previous quarter, to 5.9.
It is the lowest level since the first quarter of 2017.
The Land Registry data shows that a record 3.7m homes were completed in England.
The UK’s capital fell slightly in the quarter, with London, Manchester and Leeds seeing the biggest rises.
However the biggest fall in the number listed for sales in England was in London, which dropped by 7.5%.
The figure for the rest of the country fell by 6.6%, as London’s market remained the slowest of the UK’s big cities.
It also fell by 7% in Scotland, which saw the fastest decline of any of the main regions.
The data also showed that the number and number of sales for homes with a mortgage fell slightly, from 5.2 million to 5 million.
However this was the lowest figure since April 2016, when sales were at their highest level since April 2014.
A spokesperson for Land Registry said: “The figures provide the first indication of a more gradual change in the market, with sales increasing in some parts of the market but falling in others.”
The figures will help the authorities to gauge the market and prepare the housing market for a possible rebound.
Property prices fell in February 2018.
Land Registry recorded an annual rise of 5% in February, the lowest annual rise in seven years.
The statistics show that the average price in March was £734,000, down 2.2% compared the same month last year but up 3.2%.
Sales in the capital rose 1.6%; in the north east, 2.1%; and in Scotland the figures were unchanged.
The average price for a property in London fell by 3.1%, while it rose 1% in the south east and fell 2% in Wales.
In the North West, the average house price fell by 0.6%: in the Midlands, it fell by 1.5%: and in the East Midlands it fell 2%.
This is the first time in more than 15 years that a house price in the Capital has fallen.
Land registry chief executive Nick Williams said: The figures suggest that the market is starting to recover and that buyers are beginning to feel more confident in buying a home in the future.
“These figures give us confidence that, while the market continues to recover, it is beginning to return to its pre-crisis peak, and that sales are returning to levels that are in line with the peak levels of sales in 2006 and 2008,” he added.
The survey was carried out by Land Registry and conducted in February and March 2018, depending on the region.
It covers sales in January, February and April.
The information is collected on the last day of each month, and is used to assess market conditions.
The results are based on the responses of 1,600 people.
A representative sample of all households in England aged 18 and over was interviewed in the month prior to the survey, to obtain an average estimate of their monthly household spending.
In Wales, it was used to estimate household spending on accommodation, living costs, food and drink, housing and transport.
The Welsh Office of Statistics and Research (WOSR) has said that its figures are representative of the whole of the Welsh population, and not representative of particular regions or households.