St Paul’s Bay Once Again With Most Property Sales In May

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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