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Property sales up 2.7%


The Land Registry received 6,380 sale and purchase agreements for all building units for registration in July, up 2.7% and 24.6% lower year-on-year.

 

The total consideration for such agreements in July was $54 billion, an increase of 0.3% from June, representing a 45.7% year-on-year decline.

 

Of the agreements, 4,805 were for residential units, up 3.8% from June and a drop of 21.1% compared to a year ago.

 

The total consideration for residential units was $44.1 billion, down 2.8% compared with June and 32.4% lower than July 2018.

 

There were 459,753 land registers last month.


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