Property deals down 19.8%

February 02, 2012

The Land Registry recorded 4,490 sale and purchase agreements for all building units in January, down 19.8% on December and down 54.7% year on year.
 
The total consideration for sale and purchase agreements in January was $27.8 billion, down 14.7% on December and 52.9% down year on year.
 
Of the agreements, 3,507 were for residential units, down 18.5% on December and down 56.2% year on year.
 
Total consideration for sale and purchase agreements in respect of residential units was $22.2 billion, down 13.5% on December and down 33.4% year on year.
 
There were 280,782 land-register searches in January, down 16.9% on December and down 44.1% year on year.