Data request description:
This data set contains information on residential property sales in England and Wales from 1995 to the present. The data includes property address, price paid, date of transfer, property type, whether the property is new build, and whether the property is freehold or leasehold.
Updates to this data set (covering transactions from February 2012 onward) have been released as open data under the Open Government Licence. This data request relates to the remainder of the data set, some 17 million records that are currently available for re-use only under commercial licensing terms.
There are well-established uses for this data in the land and property sector. The public has access to extracts from the data via the websites of several UK real estate websites and recently via a search interface provided by Land Registry itself. However open data release would enable wider re-use of the bulk data by SMEs, non-profits and the general public, and integration of the data into free or low-cost apps. Historic price paid information is also an important reference data set for geographic analysis of changes in housing market conditions over time.
1. The current start-up cost to license the whole Price Paid data set for commercial re-use is more than £50,000. Open data release of the Price Paid data set would produce measurable economic benefits by reducing the input costs for existing licensees in the property and conveyancing sectors and, more importantly, by removing a cost barrier to entry for innovative small and medium sized businesses that cannot currently afford to access the data in bulk. 2. Open data release of price paid data was promised in last year's Autumn Statement. That plan was subsequently 'descoped', and only the recent updates were released as open data. However the ODUG will be aware of the original Cabinet Office business case, which noted the low number of existing commercial licensees and demonstrated that the whole data set could be released as open data without a significant impact on Land Registry's finances.