There were over 12,500 property transactions in 2024, an increase over previous year

There were over 12,500 property transactions in 2024, valued at €3.5 billion, marking a 3.4% increase from the previous year, a government statement read.

Minister for Justice and Reform Jonathan Attard delivered a keynote address at the launch of Malta Property Landscape 2025, an annual publication produced by Grant Thornton Malta and Dhalia that offers comprehensive insights into trends shaping Malta’s property sector. 

Addressing an audience of industry professionals, stakeholders, and policymakers, Minister Attard praised the report’s fourth edition as a critical tool for fostering a resilient, forward-looking, and sustainable property market. 

“This initiative supports all of us – policymakers, investors, professionals, and individuals – as we strive to build a sector that is not only resilient but also aligned with the needs of Maltese society,” the minister said.

The government statement listed two key findings from the 2025 report. The first, was that there were over 12,500 property transactions in 2024, valued at €3.5 billion, marking a 3.4% increase from the previous year. The second was a return of commercial property permits to pre-pandemic levels, driven by robust activity in tourism, financial services, IT, and gaming.

Minister Attard underscored the need for long-term planning and sustainability, stressing the property sector’s pivotal role in meeting Malta’s commitment to net-zero carbon emissions by 2050.

In this context, he highlighted the recently launched ‘Ixtri Proprjetà Sostenibbli’ Scheme by the Building and Construction Authority, which offers financial grants of €4,500 to €9,000 over three years for the purchase of homes that meet defined sustainability criteria.

“This scheme moves beyond traditional first- and second-time buyer initiatives by aligning affordability with environmental performance,” Attard noted.

The minister also referenced recent reforms aimed at strengthening the sector’s regulatory framework, including the establishment of the Property Market Agency. The agency is tasked with regulating market intermediaries, raising professional standards, and supporting consumers through education and oversight. It complements the ongoing work of the Property Malta Foundation, which continues to position Malta as a premier destination for international property investment, the government said. 

“From the planning stage to construction, and from regulation to market operations – this sector impacts the lives of thousands. As we move towards Malta Vision 2050, we must consolidate the progress already made, but also embrace bold, new initiatives,” Minister Attard added.