In October, final deeds of sale down, promise of sale agreements up – NSO

In October 2024, the number of final deeds of sale relating to residential property amounted to 1,121, a decrease of 1.4% when compared to those registered in October 2023, the National Statistics Office said Tuesday.

The value of these deeds totalled €295.2 million, representing a decrease of 3.7% when compared to the corresponding value recorded in October 2023.

In the month under review, 1,036 (or 92.4%) of these final deeds of sale involved individual buyers (households), with companies accounting for virtually all remaining deeds. The value of the deeds involving individual buyers (households) amounted to €247.2 million, equivalent to 83.7% of the total value.

Final deeds of sale by district and by locality

In October 2024, the highest numbers of final deeds of sale were recorded in the Northern Harbour and the Northern districts, with totals of 319 and 226 deeds, respectively. On the other hand, the lowest numbers were registered in the Western, and the Gozo and Comino districts, at 102 and 131 deeds, respectively.

The highest numbers of final deeds of sale were recorded in the following localities: San Pawl Il-Baħar (107), Birkirkara (64) and Ħaż-Żabbar (53). The sum of agreements recorded in these localities corresponded to 20.0% of the total final deeds of sale registered during October 2024.

Localities registering the largest counts in October 2024

During the month under review, the number of properties transacted in the final deeds of sale was equivalent to 1,203. Apartments (417) and Garages (291) accounted for the largest shares, at 34.7% and 24.2%, respectively.

Promise of sale agreements

In October 2024, 1,282 promise of sale agreements relating to residential property were registered, equivalent to an increase of 5.0% over the same period in 2023. Individual potential buyers (households) accounted for 1,170 (or 91.3%) of these agreements, while the rest mainly involved companies.

Promise of sale agreements by district and by locality

The largest number of promise of sale agreements related to residential properties were registered in the Northern Harbour district with 374 agreements, followed by the Northern district with 253 agreements. On the other hand, the lowest figures of promise of sale agreements were noted in the Western, and the Gozo and Comino districts, at 128 and 151 agreements, respectively.

The highest numbers of promise of sale agreements were recorded in the following localities: San Pawl Il-Baħar (101), Birkirkara (64) and Il-Mosta (56). The sum of agreements recorded in these localities corresponded to 17.2% of the total promise of sale agreements registered during October 2024.