Last Updated on Thursday, 11 July, 2024 at 9:35 am by Andre Camilleri
In June 2024, the number of final deeds of sale and promise of sale agreements relating to residential property amounted to 966 and 1,080, respectively.
The data, issued by the National Statistics Office, presents provisional data on residential property sale transactions based on the date of registration with the tax authority.
Final deeds of sale
In June 2024, the number of final deeds of sale relating to residential property amounted to 966, a decrease of 2.9% when compared to those registered in June 2023. The value of these deeds totalled €243.9 million, representing a decrease of 4.9% when compared to the corresponding value recorded in June 2023, it said.
“In the month under review, 876 (or 90.7%) 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 €201.7 million, equivalent to 82.7% of the total value.”
Final deeds of sale by district and by locality
In June 2024, the highest numbers of final deeds of sale were recorded in the Northern Harbour and the Northern districts, with totals of 274 and 212 deeds, respectively. On the other hand, the lowest numbers were registered in the Western, and the Gozo and Comino districts, at 96 and 114 deeds, respectively.
The highest numbers of final deeds of sale were recorded in the following localities: St Paul’s Bay (73), Mosta (57) Mellieha (38). The sum of agreements recorded in these localities corresponded to 17.4% of the total final deeds of sale registered during June 2024, the NSO said.
Properties transacted in the final deeds of sale
During the month under review, the number of properties transacted in the final deeds of sale was equivalent to 1,054. Apartments (419) and Garages (243) accounted for the largest shares, at 39.8% and 23.1%, respectively, the NSO added.
Q2/2024
In the second quarter of 2024, 3,185 final deeds of sale were registered, an annual increase of 5.9%. The value of the deeds registered during this period went up by 8.9% over the same quarter of the previous year and amounted to €854.5 million. The highest numbers of final deeds of sale were recorded in the localities of St Paul’s Bay (244), Mosta (148) and Birkirkara (135), the NSO said.
Promise of sale agreements
“In June 2024, 1,080 promise of sale agreements relating to residential property were registered, equivalent to a decrease of 5.0 per cent over the same period in 2023. Individual potential buyers (households) accounted for 987 (or 91.4 per cent) 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 336 agreements, followed by the Northern district with 217 agreements. On the other hand, the lowest figures of promise of sale agreements were noted in the Gozo and Comino, and the Western districts, at 104 and 107 agreements, respectively.”
The highest numbers of promise of sale agreements were recorded in the following localities: St Paul’s Bay (104), Birkirkara (66) and Sliema (59). The sum of agreements recorded in these localities corresponded to 21.2% of the total promise of sale agreements registered during June 2024, the NSO said.
Q2/2024
“In the second quarter of 2024, the number of promise of sale agreements reached 3,493, representing a slight decrease when compared to the same quarter last year. The highest numbers of promise of sale agreements were recorded in the localities of St Paul’s Bay (310), Birkirkara (206) and Mosta (177).”
