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.