Published:
Property sales fell 16.5% in September
It is 19.5% lower year-on-year.
The Land Registry posted 3,893 sale and purchase agreements for all building units received for registration in September.
In a statement, this number is lower by 16.5% compared with August and 19.5% lower year-on-year. The total consideration for such deals fell 14.7% from August to $29.8b in September, whilst year-on-year, it fell 14.4%.
Of the agreements, 2,862 were for residential units, down 11.9% from August and declined 26.1% from September 2022.
The total consideration for residential units was $22.8b, down 20.5% compared with August 2023 and dropped 21.7% from September 2022.
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