§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer what is his estimate of the average ratio of capital values to rateable values of freehold residential property in each region in 1988.
§ Mr. LilleyThis information could not be produced without a disproportionate expenditure of time and resources.
§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer whether he will provide a breakdown on a regional basis for the 1988 public sector figures in table 15.3 of "Inland Revenue Statistics 1989", distinguishing:(a) freehold and (b) leasehold residential properties sold to (i) individuals and (ii) others.
§ Mr. LilleyI regret that reliable information is not available at the level of detail requested. Available information is in the tables:
699W
Property sales in 1988 by the public sector Number Value (000) (£ million) A. By Region North 11 189 Yorkshire and Humberside 12 216
Number Value (000) (£ million) East Midlands 12 306 East Anglia 7 259 South East 40 1,643 Greater London 29 1,763 South West 17 449 West Midlands 19 382 North West 15 337 Wales 10 158 England and Wales 171 5,703 B. By type of property Residential freehold 130 2,501 Residential leasehold 31 619 Land 6 1,311 Other freehold 2 759 Other leasehold 3 511 All types of property 171 5,703 C. By type of buyer Individuals 164 3,080 Property companies 3 1,518 Public Sector 1 109 Financial Institutions 1— 243 Others 3 754 All buyers 171 5,703 l— = less than 500. Source: Survey of Conveyancing 1988.