Property sales decline 7.7% MoM in September

Total consideration for the month decreased by 62% MoM.

Property sale and purchase agreements for all building units were down 7.7% month-on-month (MoM) in September to 4,835, and 34.7% lower compared to the same period last year, according to data from the Land Registry.

Total consideration for the sale and purchase deals was down 62% MoM to 34,768 and declined 48% year-on-year (YoY).

READ MORE: Property sales jump 4.8% in August

Data also showed that 3,875 of the total agreements were residential units, declining by 6.33% MoM and 33.69% YoY. 

The total consideration was at around $29.1b, down by 10.45% MoM and 48.1% from the same period last year.