Last Updated on Friday, 9 February, 2024 at 10:18 pm by Andre Camilleri
In January 2024, the number of final deeds of sale and promise of sale agreements relating to residential property amounted to 1,112 and 1,157, respectively, data published by the National Statistics Office shows.
The NSO presented provisional data on residential property sale transactions based on the date of registration with the tax authority.
In January 2024, the number of final deeds of sale relating to residential property amounted to 1,112, a 0.1 per cent decrease when compared to those registered in January 2023. The value of these deeds totalled €295.8 million, representing a decrease of 2.8 per cent when compared to the corresponding value recorded in January 2023.
In the month under review, 1,031 (or 92.7 per cent) of these final deeds of sale involved individual buyers (households), with companies accounting for virtually all the rest. The value of the deeds involving individual buyers (households) amounted to €244.0 million, equivalent to 82.5 per cent of the total value.
In January 2024, the highest numbers of final deeds of sale were recorded in the Northern Harbour District and the Northern District, registering a total of 325 and 202 deeds, respectively. On the other hand, the lowest numbers were recorded in the Western District and the Southern Harbour District at 110 and 153 deeds, respectively.
The highest numbers of final deeds of sale were recorded in the following localities: San Pawl Il-Baħar (79), Il- Mosta (46) and Birkirkara (43). The sum of agreements recorded in these localities corresponded to 15.1 per cent of the total final deeds of sale registered during January 2024.
During the month under review, the number of properties transacted in the final deeds of sale was equivalent to 1,196. Apartments (435) and Garages (238) accounted for the largest shares, at 36.4 per cent and 19.9 per cent, respectively.
In January 2024, 1,157 promise of sale agreements relating to residential property were registered, equivalent to an increase of 25.8 per cent over the same period in 2023. Individual potential buyers (households) accounted for 1,051 (or 90.8 per cent) of these agreements, while the rest mainly involved companies.
The largest number of promise of sale agreements related to residential properties were registered in the Northern Harbour District with 313 agreements, followed by the Northern District with 228 agreements. On the other hand, the lowest figures of promise of sale agreements were noted in the Western District and the South Eastern District, at 103 and 145 agreements, respectively.
The highest numbers of promise of sale agreements were recorded in the following localities: San Pawl Il-Baħar (110), Birkirkara (67) and Il-Mosta (56). The sum of agreements recorded in these localities corresponded to 20.1 per cent of the total promise of sale agreements registered during January 2024.
