In the second quarter of 2024, a total of 2,118 new dwellings were approved in Malta, marking a 13.7% decrease compared to the same period in 2023.
Building permits, which indicate future construction activity, showed a decline, with 453 permits issued, representing an 8.3% drop from the previous year. On average, each permit accounted for 4.7 new dwellings.
Apartments made up the majority of new dwellings approved, with 1,491 units (70.4% of the total). These were followed by penthouses (333), maisonettes (205), terraced houses (66), and other residential units (23).
When compared to the same quarter in 2023, the number of approved new dwellings in Malta decreased by 17.5%, while Gozo and Comino saw an 8.4% increase.
Regionally, the Northern Harbour district recorded the highest number of approved dwellings, totaling 542, while the Western district saw the fewest approvals with 191.
Among individual localities, San Pawl Il-Baħar had the most approvals with 130 new dwellings, followed by Ħaż-Żabbar (128), Il-Mosta (124), Birkirkara (114), and Ta’ Sannat (111).
These statistics reflect a cooling in the construction sector in Malta during this period, particularly on the main island, while Gozo and Comino experienced modest growth.
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Source: NSO