New Research Reveals the UK Regions with the Most Restrictive Covenants

New Research Reveals the UK Regions with the Most Restrictive Covenants

Pure Property Finance has dived into HM Land Registry data to find out which regions in the UK have the most restrictive covenants.

The research looked at the number of convents in each region compared to the population, to estimate the percentage of buildings in the region that have a restrictive covenant attached to them.

Property developers are less likely to have a restrictive covenant in East Anglia, with only 2,415 properties having restrictions. This works out, that on average, there is a covenant per every 1086 properties.

However, Greater London is the region that’s most strict with nearly 42,000 restrictive covenants on properties used by its 9 million inhabitants. This works out that there is a restrictive covenant per every 90 properties.

The full list of the regions, covenants, population, and percentages can be seen below.

Ben Lloyd, Managing Director or Pure Property Finance, who conducted the research, says:

“It’s no surprise that Greater London has the most restrictive convents, although it’s interesting that there’s such a big jump between Greater London and the area with the second most restrictive covenants, the Southeast of England. Considering how close they are geographically; it shows how different the rules and properties can be.”

The full link to the data can be viewed here.

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