Final deeds of sales, promise-of-sale agreements for June 2021 continue to increase

Final Deeds of Sale June 2021

In June 2021, the number of final deeds of sale relating to residential property amounted to 1,183, according to a National Statistics Office news release detailing property transactions for the month and for the second quarter of 2021.

This represents a 58.6 per cent increase when compared to deeds registered a year earlier, or an increase of 437 deeds. The value of these deeds totalled €238.0 million, 71.7 per cent higher than the corresponding value recorded in June 2020.

In June 2021, 1,087, or 91.9 per cent, out of the total 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 €208.2 million, equivalent to 87.5 per cent of the total value.

April – June 2021

In the second quarter of 2021, 3,541 final deeds of sale were registered, an annual increase of 87.6 per cent.

The value of the deeds registered during this period rose by 121.2 per cent over the same quarter of the previous year and amounted to €796.9 million.

The highest numbers of final deeds of sale were recorded in the two regions of Gozo, and Żabbar, Xgħajra, Żejtun, Birżebbuġa, Marsaskala and Marsaxlokk, at 531 and 410 respectively.

The lowest numbers of deeds were noted in the region of Birgu, Isla, Bormla, Kalkara, and the region of Mdina, Dingli, Rabat, Mtarfa and Mġarr. In these regions, 42 and 107 deeds were recorded respectively. The highest annual increase was registered in the region of Attard, Balzan, Iklin and Lija, at 144.4 per cent. The second highest was noted in respect of Mellieħa and San Pawl Il-Baħar, a 115.6 per cent rise compared to the previous year.

Promise-of-Sale Agreements

In June 2021, 1,166 promise of sale agreements relating to residential property were registered, equivalent to a 21.3 per cent increase over the previous year, or 205 more agreements. Individual potential buyers (households) accounted for 1,062, or 91.1 per cent, out of the total promise of sale agreements, while the rest mainly involved companies.

April – June 2021

In the second quarter of 2021, the number of promise-of-sale agreements reached 4,073. This represents an annual increase of 133.9 per cent.

The largest numbers of promise-of-sale agreements corresponded to residential properties situated in Gozo, and Żabbar, Xgħajra, Żejtun, Birżebbuġa, Marsaskala and Marsaxlokk, totalling 654 and 540 respectively. The lowest numbers were noted in respect of properties located in the region of Birgu, Isla, Bormla and Kalkara, and the region of Mdina, Dingli, Rabat, Mtarfa and Mġarr. The first-mentioned region accounted for 54 agreements and the second for 134. The regions of Attard, Balzan, Iklin and Lija, and Gozo, saw the highest annual increase in promise-of-sale agreements, with the number more than doubling.

The National Statistics Office (NSO) latest news release on property transactions, covering the second quarter of 2021, presents provisional data on residential property sale transactions based on the date of registration with the tax authority.