December 2024 Land Registry Statistics Released
Significant Declines in Transaction Activity from November, but Upward Trends Compared to Last Year
The Land Registry has released its statistics for December 2024, showing a notable decrease in sale and purchase agreements compared to November 2024, but an overall increase compared to December 2023.
The number of sale and purchase agreements for all building units was 5,510, marking a 28.3% decrease from November but a 46.4% increase compared to the same month last year.
The 12-month moving average also saw positive growth, with December's figure at 5,665, which is 2.6% above November 2024 and 17.1% above December 2023.
Total consideration for these agreements amounted to $42.8 billion, down 33.3% from November but up 27.4% year-on-year.
Residential unit agreements numbered 4,103, signifying a 34.9% decrease from the previous month but a 40.1% increase from December 2023.
The total consideration for residential units was $32.6 billion, decreasing by 43.1% month-on-month but increasing by 33.9% compared to December 2023.
Importantly, the statistics do not include agreements for units under various housing schemes unless specific conditions are met.
In land searches, the public conducted 326,943 searches in December, down 14.5% from November but up 11.5% from the previous year.
The data reflects transactions from up to 30 days prior and covers various modes of public access.
The number of sale and purchase agreements for all building units was 5,510, marking a 28.3% decrease from November but a 46.4% increase compared to the same month last year.
The 12-month moving average also saw positive growth, with December's figure at 5,665, which is 2.6% above November 2024 and 17.1% above December 2023.
Total consideration for these agreements amounted to $42.8 billion, down 33.3% from November but up 27.4% year-on-year.
Residential unit agreements numbered 4,103, signifying a 34.9% decrease from the previous month but a 40.1% increase from December 2023.
The total consideration for residential units was $32.6 billion, decreasing by 43.1% month-on-month but increasing by 33.9% compared to December 2023.
Importantly, the statistics do not include agreements for units under various housing schemes unless specific conditions are met.
In land searches, the public conducted 326,943 searches in December, down 14.5% from November but up 11.5% from the previous year.
The data reflects transactions from up to 30 days prior and covers various modes of public access.
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