The value of deeds signed in August totalled €280.1 million. Times of Malta file photo

Gozo came out top for property sales in August

Property deeds overall saw a 13% increase from 2021

A total 1,228 final deeds of sale relating to residential property were registered in August, 58 more than a year earlier, according to the National Statistics Office (NSO).

The value of the deeds registered in August totalled €280.1 million, 13.1% more than the corresponding value recorded in August 2021. 

The value of the deeds involving individual buyers (households) amounted to €236.4 million, equivalent to 84.4% of the total value.

The highest numbers of final deeds of sale were recorded in the Gozo region, followed by the region comprising Żabbar, Xgħajra, Żejtun, Birżebbuġa, Marsaskala and Marsaxlokk, at 184 and 155 respectively.

Promise of sale agreements 

The NSO said 918 promise of sale agreements relating to residential property were registered, an increase of 30 agreements (3.4%) over the same period last year. 

Individual potential buyers (households) accounted for 863, or 94%, while the rest mainly involved companies. 

Article source: Times of Malta


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