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Property sales double to 1158 in May with sale promise tripling

 - Business - Jun 10
Property sales double to 1158 in May with sale promise tripling

Amount of final deeds of sale of property doubled from 552 to 1,158 on May 2021, with number of promise of sale agreements tripling from 511 to 1,478. The National Statistics Office (NSO) showed how the month of May showed an immense increase of sales year on year.

The sector now boasts more than 2,500 agreements which are either finalised deeds or are in promise of sale agreements. Gozitan residential properties proved immensely popular, recording the highest number of final deeds and promise of sale agreements in 2021.

May 2021 saw a 606 deed increase to 1,158 from last year. The deed value totalled €319.5 million, around three times higher than corresponding value recorded in 2020. In May 2021, 1,478 promise of sale agreements were registered – an increase of 967 agreements over the same period.

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Photo Source: The Washington Post

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