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STATISTICS MALTA

Residential Property Transactions in Malta: Q1/2022

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NSO RESIDENTIAL PROPERTY TRANSACTIONS IN MALTA Q12022

The number of final deeds of sale relating to residential property amounted to 1,165 during March 2022, a decrease of 120 deeds when compared to those registered a year earlier. In March 2022, 1,113 promise of sale agreements relating to residential property were registered, a decrease of 535 agreements over the same period last year.

Final deeds of sale

March 2022

In March 2022, the number of final deeds of sale relating to residential property amounted to 1,165, a 9.3 per cent decrease when compared to those registered a year earlier. The value of these deeds totalled €249.3 million, 7.8 per cent lower than the corresponding value recorded in March 2021. In the month under review, 1,075, or 92.3 per cent, of these final deeds of sale involved individual buyers (households), with companies accounting for virtually all the rest. The value of the deeds involving individual buyers (households) amounted to €214.4 million, equivalent to 86.0 per cent of the total value.

Q1/2022

In the first quarter of 2022, 3,373 final deeds of sale were registered, an annual increase of 2.9 per cent. The value of the deeds registered during this period rose by 8.9 per cent over the same quarter of the previous year and amounted to €736.1 million.

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 582 and 397 respectively. The lowest numbers of deeds were noted in the region of Il-Birgu, L-Isla, Bormla and Il-Kalkara, and the region of L-Imdina, Ħad-Dingli, Ir-Rabat, L-Imtarfa and L-Imġarr. In these regions, 47 and 109 deeds were recorded respectively. The highest annual increase was registered in the Ħ’Attard, Ħal Balzan, L-Iklin and Ħal Lija region, at 51.6 per cent. The second highest increase was noted in the region of Ħal Luqa, Il-Gudja, Ħal Għaxaq, Ħal Kirkop, L-Imqabba, Il-Qrendi, Ħal Safi and Iż-Żurrieq, a 34.8 per cent rise compared to the previous year. In contrast, the largest annual decreases were observed in the two regions of Il-Birgu, L-isla, Bormla and Il-Kalkara, and Il-Mellieħa and San Pawl il-Baħar, with declines of 28.8 per cent and 18.1 per cent respectively.

Promise of sale agreements

March 2022

In March 2022, 1,113 promise of sale agreements relating to residential property were registered, equivalent to a 32.5 per cent decrease over the previous year. Individual potential buyers (households) accounted for 1,024, or 92.0 per cent, of these agreements, while the rest mainly involved companies.

Q1/2022

In the first quarter of 2022, the number of promise of sale agreements reached 2,743, representing an annual decrease of 31.0 per cent.

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 378 and 356 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 L-Imdina, Ħad-Dingli, Ir-Rabat, L-Imtarfa and L-Imġarr. The first-mentioned region accounted for 55 agreements and the second for 87 agreeements. The region of Il-Birgu, L-Isla, Bormla and Il-Kalkara saw the only annual increase in promise of sale agreements, with a 1.9 per cent rise. On the other hand, the highest annual decreases were observed in the two regions of Il-Mosta and In-Naxxar, and Ħ’Attard, Ħal Balzan, L-Iklin and Ħal Lija, which recorded declines of 50.8 per cent and 45.8 per cent respectively.

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