Published:
October property sales decline 19% YoY
Residential unit considerations were down 17% to $42b.
Sales and purchase agreements received for registration for all building units in October fell to 5,795, down 10% from September and 19.4% year on year (YoY), the Land Registry reported.
Total consideration for building unit sale and purchase agreements in the same period amounted to $50b, dropping 6.5% month on month (MoM) and 13.6% YoY.
Residential unit agreements fell by 5.2% MoM and 21% YoY to 4,512. Considerations declined by 9.5% MoM and 17.1% YoY, totalling $42.3b.
The Land Registry reported 418,352 searches last month.
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