Property Sales Down 6%
The Land Registry recorded 6,189 sale and purchase agreements for all building units for registration in October, down 6% from September and 22% higher year-on-year.
The total consideration for sale and purchase agreements rose 10.9% from September to $56.9 billion, representing a 13.2% year-on-year decrease.
Of the agreements, 4,951 were for residential units, down 1.5% from September and a rise of 23.7% compared to the same month a year ago.
The total consideration for residential units was $50.1 billion, up 15.3% compared with September and 23% higher than October 2019.
There were 422,670 land register searches last month.
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