Flat sales rise

July 05, 2011

The Land Registry said today the number of sale and purchase agreements for all building units received for registration in June was 11,601, representing a 7.5% decrease on May but a 4.3% increase on June last year.
 
The 12-month moving average for June was 12,985 - 0.3% above the 12-month moving average for May and 2.2% above that for June 2010.
 
The total consideration for sale and purchase agreements was $70.5 billion, an 11.6% increase compared with May and a 63.6% increase compared with the same month last year.
 
Among the sale and purchase agreements, 9,043 were for residential units, a 6.6% decrease compared with May and a 1% drop compared with June 2010.
 
The total consideration for sale and purchase agreements in respect of residential units was $52.9 billion – a 6.9% increase over a month earlier and a 60.2% increase over a year earlier.
 
The number of searches of land registers made by the public in June was 484,135, a 2.9% drop compared with May and a 6.7% decrease compared with June 2010.