Source: Aleksandar Pasaric (Pexels)

Property sales rise by 24.2%

More than 4,400 sale and purchase agreements were recorded in January.

Property sales went up by 24.2% to 4,427 in January, but 25.1% lower year-on-year, the Land Registry reported. 

The total consideration for the sale and purchase agreements stood at $32.5b, up 25.6% month-on-month, but 40.3% lower compared to the previous year. 

Read more: Property sales drop nearly 40% in 2022

Of this, 3,051 were for residential units, up 21.7%MoM, but 28.6% lower than a year ago.

The total consideration of residential units was $25.4b, a rise of 20.9% compared with December, but down 41.4% from January last year.

There were 321,347 land register searches last month.


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