The residential property market in August 2024 witnessed a slight dip in the number of final deeds of sale while seeing a modest increase in promise of sale agreements.
According to the Malta National Statistics Office, 957 final deeds of sale were registered during the month, marking a decrease of 34 deeds compared to the same month in 2023. This represents a year-on-year drop of 3.4% in finalised sales transactions.
The number of promise of sale agreements — preliminary contracts often indicating future sales — experienced a 3.3% increase over the same period. In total, 1,000 promise of sale agreements were registered in August 2024, 32 more than in August 2023.
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