According to the National Statistics Office (NSO) the total number of final deeds of sale of residential property amounted to 1,246 during July of 2022. This is a decrease of 10.1% (140 deeds) compared to 2020.
The value of the deeds amounted to €307.8 million, 2.4% higher than the corresponding value from the same month in 2021.
The report revealed that 90% of the total number of final deeds of sale involved individual buyers. Companies comprised the majority of the rest.
The values of individual buyers amounted to around €260.5 million (84.6%). A decrease of 13.2% (146 arrangements) was also noted when it comes to promise of sale agreements relating to residential property, with 956 of such deals registered.
92.2% were individual property buyers, with companies also making up the rest. Gozo had the highest number of deeds of sale registered with 174 deeds. The sister island was followed by Birkirkara, Gzira, Imsida, Ta’ Xbiex and San Gwann at around 160 deeds.
Birgu, Isla, Bormla and Kalkara registered the smallest number of deeds.
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