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STATISTICS MALTA

RESIDENTIAL PROPERTY TRANSACTIONS: MARCH 2023

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Unemployment Rate February 2023 3Final deeds of sale

March 2023

In March 2023, the number of final deeds of sale relating to residential property amounted to 1,036, a 12.9 per cent decrease when compared to those registered a year earlier (Table 1a).

The value of these deeds totalled €249.1 million, representing a drop of 4.5 per cent when compared to the corresponding value recorded in March 2022 (Table 2a).

In the month under review, 963, or 93.0 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 €207.1 million, equivalent to 83.1 per cent of the total value (Table 2b).

Final deeds of sale by district and by locality

In March 2023, the highest numbers of final deeds of sale were recorded in the Northern Harbour District and the Northern District, registering a total of 322 and 239 deeds, respectively. At 82 and 122 deeds, the lowest numbers were recorded in the Western District and the Southern Harbour District, respectively (Table 3).

The highest number of final deeds of sale were recorded in the following localities: San Pawl il-Baħar (97), Il-Mosta (55), Ħaż-Żabbar (41) and Birkirkara (40) (Chart 2a). The sum of contracts recorded in these localities corresponded to more than 22.0 per cent of the total final deeds of sale registered during March 2023.

Q1/2023

In the first quarter of 2023, 3,088 final deeds of sale were registered, an annual decrease of 9.4 per cent (Table 1a). The value of the deeds registered during this period went up by 3.2 per cent over the same quarter of the previous year and amounted to €789.9 million (Table 2a). The highest numbers of final deeds of sale were recorded in the localities of San Pawl Il-Baħar (262), L-Imsida (126) and Il-Mosta (117) (Table 7).

Promise of sale agreements

March 2023

In March 2023, 1,172 promise of sale agreements relating to residential property were registered, equivalent to an increase of 5.3 per cent over the previous year (Table 4a). Individual potential buyers (households) accounted for 1,058 or 90.3 per cent, of these agreements, 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 369 agreements, followed by the Northern District with 201 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 115 and 143 agreements, respectively (Table 5).

The highest numbers of promise of sale agreements were recorded in the following localities: San Pawl il-Baħar (84), Birkirkara (61), San Ġiljan (53) and Il-Mosta (47) (Chart 2b). The sum of agreements recorded in these localities exceeded 20.0 per cent of the total amount of promise of sale agreements registered during March 2023. 

Q1/2023

In the first quarter of 2023, the number of promise of sale agreements reached 3,125, representing an annual increase of 14.0 per cent (Table 4a). The highest numbers of promise of sale agreements were recorded in the localities of San Pawl Il-Baħar (252), Birkirkara (166), and Il-Mosta (133) (Table 9).

 

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