January saw 16,984 sale and purchase agreements for all types of building units received for registration. The Land Registry said this was a rise of 8.9% on December and a 92.8% rise on January last year.

Using a 12-month moving average, the figure for January rose 5.6% on December and 50.8% on January last year.

The total consideration of these agreements was $67.8 billion, up 5.2% on December and 149.3% over a year earlier.

Of the 16,984 sale and purchase agreements 14,786 were for residential units, up 9.5% on December and 97.5% on January last year.