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Property sales surge in October with 5,857 units sold
Sales surged by 99.4% and 52.4% MoM.
The property segment saw higher sales in October, with 5,857 building units sold.
According to the Land Registry, the total sale in October 2024 was 52.4% higher than the September 2024 record and 99.4% higher than October 2023.
Of those sold, 4,697 were residential units. The number of sold residential units was up 64.9% from September and 121.2% YoY higher than October 2023.
As the number of sold residential units increased, the total consideration of residential units also improved in October, rising 78.9% MoM and 52.2% YoY to $37.3b.
Overall, total considerations for all properties sold during the month increased 50.6% MoM and 43.6% YoY to $41.7b.
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