Deeds of sale concluded in January reached €232.5m

The number of final deeds of sale relating to residential property amounted to 1,114 during January 2022, an increase of 105 deeds when compared to those registered a year earlier. In January 2022, 664 promise of sale agreements relating to residential property were registered, a decrease of 317 agreements over the same period last year.

In January 2022, the number of final deeds of sale relating to residential property amounted to 1,114, a 10.4 per cent increase when compared to those registered a year earlier. The value of these deeds totalled €232.5 million, 11.1 per cent higher than the corresponding value recorded in January 2021.

In the month under review, 1,032, or 92.6 per cent, of these final deeds of sale involved individual buyers (households), with companies accounting for virtually all the rest.

The value of the deeds involving individual buyers (households) amounted to €199.9 million, equivalent to 86.0 per cent of the total value.

With regard to the region the property is situated in, the highest numbers of final deeds of sale were recorded in the region of Għawdex, and the region of Il-Mellieħa and San Pawl Il-Baħar, at 200 and 124 respectively.

The lowest numbers of deeds were noted in the region of Il-Birgu, L-Isla, Bormla and Il-Kalkara, and the region of L-Imdina, Ħad-Dingli, Ir-Rabat, L-Imtarfa and L-Imġarr. In these regions, 15 and 31 deeds were recorded respectively.

Promise of sale agreements

In January 2022, 664 promise of sale agreements relating to residential property were registered, equivalent to a 32.3 per cent decrease over the same period last year. Individual potential buyers (households) accounted for 548, or 82.5 per cent, of these agreements, while the rest mainly involved companies.

The largest numbers of promise of sale agreements corresponded to residential properties situated in the region of Għawdex, and the region of Birkirkara, Il-Gżira, L-Imsida, Ta’ Xbiex and San Ġwann, totalling 109 and 91 respectively.

The lowest numbers were noted in respect of properties located in the region of Il-Birgu, L-Isla, Bormla and Il-Kalkara, and the region of Ħ’Attard, Ħal Balzan, L-Iklin and Ħal Lija. The first-mentioned region accounted for six agreements and the second region accounted for 23 agreements.