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The number of final deeds of sale and promise of sale agreements relating to residential property amounted to 1,262 and 1,156 during November 2022, registering an annual rate of change of -5.1 per cent and -7.6 per cent respectively.

Residential Property Transactions: November 2022

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 November 2022, the number of final deeds of sale relating to residential property amounted to 1,262, a 5.1 per cent decrease when compared to those registered a year earlier (Table 1a). The value of these deeds totalled €295.3 million, 0.8 per cent lower than the corresponding value recorded in November 2021 (Table 2a).

In the month under review, 1,142, or 90.5 per cent, of these final deeds of sale involved individual buyers (households), with companies accounting for virtually all the rest (Table 1b). The value of the deeds involving individual buyers (households) amounted to €240.9 million, equivalent to 81.6 per cent of the total value (Table 2b).

With regard to the region the property is situated in, the highest numbers of final deeds of sale were recorded in the two regions of Għawdex, and Ħaż-Żabbar, Ix-Xgħajra, Iż-Żejtun, Birżebbuġa, Marsaskala and Marsaxlokk, at 202 and 144 respectively. The lowest numbers of deeds were noted in the region of Il-Birgu, L-Isla, Bormla and Il-Kalkara, followed by the regions of Ħ’Attard, Ħal Balzan, L-Iklin and Ħal Lija, and L-Imdina, Ħad-Dingli, Ir-Rabat, L-Imtarfa and L-Imġarr. The former region recorded 25 deeds, while the latter two registered 32 deeds each (Table 3).

Promise of sale agreements

In November 2022, 1,156 promise of sale agreements relating to residential property were registered, equivalent to a 7.6 per cent decrease over the previous year (Table 4a). Individual potential buyers (households) accounted for 1,010, or 87.4 per cent, of these agreements, while the rest mainly involved companies (Table 4b).

The largest numbers of promise of sale agreements corresponded to residential properties situated in the two regions of Għawdex, and Birkirkara, Il-Gżira, L-Imsida, Ta’ Xbiex and San Ġwann, totalling 171 and 162 respectively. The lowest numbers were noted in respect of properties located in the region of Il-Birgu, L-Isla, Bormla and Il-Kalkara, and the region of Ħ’Attard, Ħal Balzan, L-Iklin and Ħal Lija. The first-mentioned region accounted for 25 agreements and the second accounted for 30 agreements (Table 5).

ARTICLE WRITTEN BY NSO 

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