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Photo by Aleksandar Pasaric via Pexels
Property sales jump 5.3% MoM in August
Year-on-year sales fell by 11%.
The property segment saw higher sales in August, with 4,660 building units sold.
According to the Land Registry, the total sale in August was 5.3% higher than the July record; however. Comparing the August record to the same period last year, sales fell 11%.
Of those sold, 3,247 were residential units. The number of sold residential units was up 5.9% from July but 21.5% lower than August 2022.
As the number of sold residential units increased, the total consideration of residential units also improved in August, rising 7.7% MoM to $28.6b.
Overall, total considerations for all properties sold during the month increased 5.8% MoM to $34.9b.
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