Property transactions fell 33.1%

On a yearly basis, it grew 18.6%.

The Land Registry documented 5,755 sale and purchase deals for all building units received for registration in April.

It declined 33.1% compared with March and 18.6% higher year-on-year (YoY), read the statement.

The total consideration for such agreements declined 7.5% from March to $63.7b in April, whilst a 52.5% YoY increase was recorded. 

Of the agreements, 4,583 were for residential units, down 31.5% from March and 17.6% higher than a year ago.

The total consideration of residential properties was $52.4b, down 9.5% compared with March and up 49% from April 2022.

The Land Registry reported 349,372 land register searches last month.