St Paul’s Bay Again With Most Property Sales In February 2024

In February 2024, Malta saw an increase in residential property transactions, with 1,012 final deeds of sale and 1,164 promise of sale agreements.

Final deeds of sale witnessed a 7.8% rise compared to February 2023, totaling €262.7 million, primarily involving individual buyers (92.9%) and concentrating in the Northern Harbour and Northern districts. San Pawl Il-Baħar, Il-Mellieħa, and Birkirkara recorded the highest numbers of transactions.

Meanwhile, promise of sale agreements surged by 12.7% from the previous year, mostly involving individual buyers (91.5%) and focusing on the Northern Harbour and Northern districts. San Pawl Il-Baħar, Birkirkara, and Il-Fgura topped the list for promise of sale agreements.

The transactions encompassed various property types, with apartments (35.2%) and garages (23.1%) being the most common. Overall, the data indicates a robust real estate market in Malta, particularly in certain districts and localities.

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Source: NSO