Last Updated on Tuesday, 10 October, 2023 at 12:08 pm by Andre Camilleri
In September 2023, the number of final deeds of sale and promise of sale agreements relating to residential property amounted to 815 and 1,026, respectively. In relation to the amounts registered in 2022, the final deeds of sale decreased by 23.6%, whereas promise of sale agreements increased by 5.3%.
Final deeds of sale
In September 2023, the number of final deeds of sale relating to residential property amounted to 815, a 23.6% decrease when compared to those registered a year earlier. The value of these deeds totalled €227.8 million, representing a decrease of 9.1% when compared to the corresponding value recorded in September 2022.
In the month under review, 749 (or 91.9%) 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 €181.9 million, equivalent to 79.9% of the total value.
Final deeds of sale by district and by locality
In September 2023, the highest numbers of final deeds of sale were recorded in the Northern Harbour District and the Northern District, registering a total of 261 and 140 deeds, respectively. At 74 and 98 deeds, the lowest numbers were recorded in the Western District, and the Gozo and Comino District, respectively.