Residential property deeds of sale down in April

The number of final deeds of sale and promise of sale agreements relating to residential property amounted to 918 and 1,061, respectively, in April.

Figures released by the National Statistics Office show that the final deeds of sale de-creased by 18.2% when compared to the corresponding month last year, and promise of sale agreements increased by 4.4%.

In April 2023, the value of the final deeds of sale totalled €260.6 million, representing an increase of 9.4% when compared to the corresponding value recorded in April 2022.

In the month under review, there were 848 final deeds of sale involving individual buyers (households), representing 92.4% of the total, with companies accounting for virtually all the rest.

The value of the deeds involving individual buyers (households) amounted to €216.0 million, equivalent to 82.9% of the total value.

Final deeds of sale by district and by locality

The highest numbers of final deeds of sale were recorded in the Northern Harbour District and the Northern District, registering a total of 260 and 193 deeds, respectively.

At 82 and 111 deeds, the lowest numbers were recorded in the Western District and Gozo and Comino, respectively.