Property deals down 33.1%

January 05, 2012

The Land Registry recorded 108,814 sale and purchase agreements for all building units for 2011, down 33.1% year on year and down 18.8% when compared with 2009.
 
The total consideration for sale and purchase agreements for 2011 was $587.89 billion, 14.7% down year on year but up 14% compared with 2009.
 
The number of assignments of building units for 2011 was 149,215, down 20.2% compared with 2010 but up 5.6% compared with 2009.
 
The total consideration for these assignments for 2011 was $714.19 billion, up 4% compared with 2010 and up 51.4% compared with 2009.    
 
There were 5,156,556 land-register searches for 2011, down 14.2% year on year but up 3.8% compared with 2009.