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STATISTICS MALTA

Malta: Residential Property Transactions: Q4/2022

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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

December 2022

In December 2022, the number of final deeds of sale relating to residential property amounted to 1,003, a 28.8 per cent decrease when compared to those registered a year earlier (Table 1a). The value of these deeds totalled €225.1 million, 28.5 per cent lower than the corresponding value recorded in December 2021 (Table 2a).

Q4/2022

In the month under review, 916, or 91.3 per cent, of the total 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 €186.3 million, equivalent to 82.8 per cent of the total value (Table 2b).

In the fourth quarter of 2022, 3,738 final deeds of sale were registered (Table 1a), an annual decrease of 4.1 per cent (Table 3). The value of the deeds registered during this period went up by 0.1 per cent over the same quarter of the previous year and amounted to €859.3 million (Table 2a).

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 Birkirkara, Il-Gżira, L-Imsida, Ta’ Xbiex and San Ġwann, at 600 and 467, respectively. The lowest numbers of deeds were noted 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. In these regions, 82 and 101 deeds were recorded, respectively. The highest annual increase was registered in the Il-Birgu, L-Isla, Bormla and Il-Kalkara region, at 43.9 per cent. The second highest increase was noted in the region of Birkirkara, Il-Gżira, L-Imsida, Ta’ Xbiex and San Ġwann, an 8.4 per cent rise when compared to the previous year. In contrast, the largest annual decreases were observed in the two regions of Ħ’Attard, Ħal Balzan, L-Iklin and Ħal Lija, and Il-Mosta and In-Naxxar, with declines of 21.1 per cent and 20.1 per cent, respectively (Table 3).

Promise of sale agreements

December 2022

In December 2022, 1,002 promise of sale agreements relating to residential property were registered, equivalent to a 55.9 per cent decrease over the previous year (Table 4a). Individual potential buyers (households) accounted for 901, or 89.9 per cent of the total agreements, while the rest mainly involved companies (Table 4b). Q4/2022 In the fourth quarter of 2022, the number of promise of sale agreements reached 3,357 (Table 4a), representing an annual decrease of 27.2 per cent (Table 5). The largest numbers of promise of sale agreements corresponded to residential properties situated in the two regions of Birkirkara, Il-Gżira, L-Imsida, Ta’ Xbiex and San Ġwann, and Għawdex, totalling 454 and 416, respectively. The lowest numbers were noted in the regions of Il-Birgu, L-Isla, Bormla and Il-Kalkara, and Ħ’Attard, Ħal Balzan, L-Iklin and Ħal Lija. The first-mentioned region accounted for 83 agreements and the second for 107 agreements. The region of Il-Birgu, L-Isla, Bormla and Il-Kalkara saw the only annual increase in promise of sale agreements, with a rise of 3.8 per cent. On the other hand, the highest annual decreases were observed in the two regions of Ħ’Attard, Ħal Balzan, L-Iklin and Ħal Lija, and Għawdex, which recorded drops of 35.5 per cent and 35.3 per cent, respectively (Table 5).

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