February 1, 2012
An increase in new housing unit sales in December 2011
Data on the sale of new housing units within the private segment for December 2011 indicate an increase to a level of 1,600 units (data excluding seasonality). This follows a fall in sales over the preceding six months to an average of 1,100 units per month. We note the data are updated retroactively, and may be affected also by a high number of sales within a specific housing project and by other similar factors. Therefore, based on December data alone we still cannot come to any unequivocal conclusions regarding a return to an upward trend in demand. However, at this stage it can be said with a high level of confidence that demand has stabilized, which is consistent with the trend we expected in our previous survey on this topic.
The full article is presented in pdf format and can be viewed with Adobe Acrobat Reader
software. Install the software
