Property sales down 23%

January 3, 2019

The Land Registry recorded 3,038 sale and purchase agreements for all building units in December, down 23.1% on November and down 57.6% compared to the same period last year.


The total consideration for sale and purchase agreements for the month was $43 billion, down 0.6% on November and 50.3% year-on-year.


Of the sale and purchase agreements, 2,060 were for residential units, a fall of 21.8% from the previous month and down 61.4% compared to a year ago.


The total consideration for residential units was $24.1 billion, down 7.5% compared with November and a year-on-year drop of 53.7%.


There were 352,901 land register searches made in December.

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