Rising mortgage costs and a bleak economic outlook have deepened market pessimism, with residential property transactions shrinking for the fourth consecutive month. In July, there were only 3,065 registered cases, a decrease of 15% over the month ago and a six-month low.
Many prospective home buyers stayed on the sidelines due to the dampened market sentiment. Of the total agreements recorded in July, only 2,255 were specifically for the secondary market, indicating a 13% decrease from a month earlier and hit a…
Please click HERE to download the report.