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Residential Property Transactions: April 2023
- The number of final deeds of sale relating to residential property amounted to 918 during April 2023, a decrease of 204 deeds when compared to those registered a year earlier.
- During April 2023, 1,061 promise of sale agreements relating to residential property were registered, an increase of 45 agreements over the same period last year.
This news release presents provisional data on residential property sale transactions based on the date of registration with the tax authority.
Final deeds of sale
In April 2023, the number of final deeds of sale relating to residential property amounted to 918, an 18.2 per cent decrease when compared to those registered a year earlier (Table 1a). The value of these deeds totalled €260.6 million, representing an increase of 9.4 per cent when compared to the corresponding value recorded in April 2022 (Table 2a).
In the month under review, there were 848 final deeds of sale involving individual buyers (households), representing 92.4 per cent of the total, with companies accounting for virtually all the rest (Table 1b). The value of the deeds involving individual buyers (households) amounted to €216.0 million, equivalent to 82.9 per cent of the total value (Table 2b).
Final deeds of sale by district and by locality
In April 2023, the highest numbers of final deeds of sale were recorded in the Northern Harbour District and the Northern District, registering a total of 260 and 193 deeds, respectively. At 82 and 111 deeds, the lowest numbers were recorded in the Western District and the Gozo and Comino District, respectively (Table 3).
The highest number of final deeds of sale were recorded in the following localities: San Pawl il-Baħar (74), Birkirkara (44), Marsaskala (43) and Il-Mosta (37) (Chart 2a). The sum of contracts recorded in these localities corresponded to more than 21.0 per cent of the total final deeds of sale registered during April 2023.
Promise of sale agreements
In April 2023, 1,061 promise of sale agreements relating to residential property were registered, equivalent to an increase of 4.4 per cent over the previous year (Table 4a). Individual potential buyers (households) accounted for 984 of these agreements, representing 92.7 per cent of the total, while the rest mainly involved companies (Table 4b).
Promise of sale agreements by district and by locality
The largest number of promise of sale agreements related to residential properties in the Northern Harbour District with 305 agreements, followed by the Northern District with 223 agreements. On the other hand, the lowest figures of promise of sale agreements were noted in the Western District, and the Gozo and Comino District, at 106 and 118 agreements, respectively (Table 5).
The highest numbers of promise of sale agreements were recorded in the following localities: San Pawl il-Baħar (108), Birkirkara (51), Il-Mosta (47) and Marsaskala (39) (Chart 2b). The sum of agreements recorded in these localities exceeded 23.0 per cent of the total amount of promise of sale agreements registered during April 2023.
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