Property sales drop 36%

May 03, 2013

The Lands Registry recorded 4,387 sale and purchase agreements for all building units in April, down 35.9% on March, and 59% year-on-year.
 
The total consideration for these agreements stood at $31.9 billion, down 28.3% on March and 47.6% year-on-year.
 
There were 3,427 agreements for residential units, with a total consideration of $18.7 billion.
 
The public made 376,374 searches of land registers during the month, 6.7% down on March, and 9.3% less year-on-year.