In April, the total rental contracts reached 41,810 registered leases of which 60.4 percent were new contracts while 39.6 percent were renewed. The annual contracts acquired 79.5 percent of the total contracts while 20.5 percent were non-annual. Last but not least, the registered leases for residential purposes acquired around 74 percent of the total contracts, while 25 percent were registered for commercial purposes.
When compared to April 2021, total number of rental leases increased by 3.2 percent where number of new contracts increased by 8% to represents a 60.4 percent of the total number of contracts compared to 57.7 percent in April 20221. In addition to that, the annual leases share of a total number of leases increased from 72.9 percent in April 2021 to 79.5 percent in April 2022, and the share of commercial rental leases witnessed a 4.23 percent increase during April 2022 to represent 25 percent of the total number of leases compared to 20.77percent in April 2021.