Value of real estate sales grows in first seven months

The number of real estate transactions fell by 8.8 percent y-o-y in the first seven months, to 40,200 at end-July. The value of transactions rose by 5.6 percent y-o-y to $4.8 billion. The average transaction value was at $119,000 up to July, 15.8 percent higher than last year. The share of foreigners in real estate sales was still less than two percent of total sales activity.