Archives February 2017

REGISTRARS: Housing market recovery consolidates in 2016, with foreign demand increasing

There were 93,423 home sales inscribed in the Land Register in Q4, up 11.2% year-on-year. Local demand was up 12.2% to 80,745 purchases in the quarter, and foreign demand up 5.1% to 12,678 purchases. For the full year there were 53,679 homes purchased by foreign buyers (+16%), and 350,064 purchases by locals (+14%). Overall the…

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