Photo by Tierra Mallorca on Unsplash

Property sales soar 35.1% MoM in February 

Year-on-year sales increased by 49.6%.

The property segment saw higher sales in February, with 5,980 building units sold.

According to the Land Registry, the total sale for February was 35.1% higher than in January and 49.6% higher compared to the same month a year ago.

Of those sold, 4,282 were residential units. The number of sold residential units was up 40.3% from January and 47% higher than in February 2022.

As the number of sold residential units rose, the total consideration also increased in February, rising 44.1% MoM and 24.4% YoY to $36.7b.

Overall, total considerations for all properties sold during the month rose 34.8% MoM and 21.5% YoY to $43.8b.

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