![St Paul's Bay Once Again With Most Property Sales In May](https://maltadaily.mt/wp-content/uploads/2024/06/propweb.jpg)
In May 2024, the number of final deeds of sale and promise of sale agreements for residential properties in Malta were 1,077 and 1,256, respectively.
This represents a 0.6% decrease in final deeds compared to May 2023, although their value increased by 15.9% to €303.6 million. Individual buyers accounted for 91.7% of these deeds, contributing €235.6 million (77.6% of the total value).
The highest numbers of final deeds were in the Northern Harbour and Northern districts, with 305 and 216 deeds, respectively. San Pawl Il-Baħar, Il-Mosta, and Il-Mellieħa had the most transactions, totaling 15.7% of all deeds. In terms of property types, apartments (415) and garages (271) were predominant, representing 34.9 % and 22.8 % of transactions, respectively.
Promise of sale agreements also saw a decrease of 3.2% from the previous year. Individual buyers accounted for 90.4% of these agreements. The Northern Harbour district led with 364 agreements, followed by the Northern district with 270.
San Pawl Il-Baħar, Birkirkara, and Il-Mosta recorded the highest numbers of agreements, totaling 20.7% of the registered agreements for May 2024. The lowest figures were in the Western, and Gozo and Comino districts.
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