- Transaction activity across the residential sector remained strong during the first half of the year. A total of 94,600 units were sold, 18% higher than the total units sold this time last year.
- The ongoing geopolitical tensions in the region had a limited impact on buyer sentiments as enquiry levels across most established property developers have remined largely stable.
- More than 70% of all units sold in H1 were off-plan and there are five developers that have collectively garnered 45% of this demand.
- When compared to H1 2024, new launches are down by 11% to 70,000 units from the circa 79,000 units launched this time last year.
- Capital value growth has remined relatively flat across most markets in June compared to the previous month. However, when compared to 2024, capital values across apartments on average are up by 15% and by circa 16% across villa developments.
Please reach out to your relationship manager for a copy of the report.