Source: Jimmy Chan (Pexels)
The Land Registry received only 59,619 sale and purchase agreements.
The Land Registry reported it received only 59,619 sale and purchase agreements in 2022, down by 38% year-on-year.
This also represented an 18.7% decline in comparison to 2020 figures.
The total consideration amounted to $554.46b, down 39.6%YoY and an 11.8% decrease compared with 2020.
Read more: Property sales fall 8.1% MoM in October
Moreover, the number of assignments of building units for 2022 was 85,976, down 26.8%YoY and 3.4% lower than 2020.
The total consideration for these assignments was $691.35b, down 25.2%YoY, but 5.1% more than 2020.
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