Nearly 2,500 new dwellings approved in second quarter 2023, St Paul’s Bay registers highest number

Published by
The Malta Business Weekly

During the second quarter of 2023 a total of 2,453 new dwellings were approved, registering an increase of 9.5 per cent when compared to the same quarter last year, the NSO said Monday.

Approved residential building permits and dwellings

Building permits are authorisations to initiate new building projects. The objective of these statistics is to indicate the future development of construction activity in terms of the number of approved new dwellings.

During the second quarter of 2023, 494 building permits for a total of 2,453 new dwellings were approved. When compared to the corresponding quarter of 2022, the number of building permits increased by 12.8 per cent while the number of approved new dwellings increased by 9.5 per cent. The average number of approved new dwellings per building permit stood at 5.0.

Approved new dwellings by type

The majority of new dwellings approved during the second quarter of 2023 were apartments (1,740), followed by penthouses (386), maisonettes (222), terraced houses (81) and other residential units (24). Apartments accounted for 70.9 per cent of the total number of approved new dwellings.

Approved new dwellings by district

When compared to the corresponding quarter of 2022, the number of new dwellings approved in Malta increased by 18.7 per cent while those in Gozo and Comino decreased by 24.6 per cent. The highest number of approved new dwellings was registered in the Northern Harbour district (642) while the lowest number was recorded in the Western district (152).

Approved new dwellings by locality

The highest number of approved new dwellings were issued in San Pawl Il-Baħar (224). This was followed by Mosta (163), Qormi (107), Mellieħa (103) and l-Msida (101).

More information here

The Malta Business Weekly

In 1994, the Malta Business Weekly became the first newspaper fully dedicated to business. Today this newspaper is a leader in business and financial news. Together with the launch of the MBW newspaper, the company started organising various business breakfasts to discuss various current issues that were targeting the business community in Malta.

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