Malta’s property market posts robust growth in May 2025

Malta’s property market showed continued resilience in May 2025, with the number of final deeds of sale for residential property rising by 11.6 per cent over the same month last year, according to new figures published by the National Statistics Office (NSO).

A total of 1,199 final deeds of sale were registered during the month, up from 1,074 in May 2024. The total value of these transactions reached €321.6 million – a year-on-year increase of 3.9 per cent.

The vast majority of buyers were individuals, accounting for 90 per cent of the final deeds of sale. Transactions involving individual buyers amounted to €269.5 million, or 83.8 per cent of the total value.

San Pawl Il-Baħar tops locality rankings

San Pawl Il-Baħar led the way in terms of volume, with 70 final deeds of sale recorded. Birkirkara followed with 64, while Mosta saw 55 transactions. Combined, these three localities represented 15.8 per cent of all registered deeds in May.

By district, the Northern Harbour region recorded the highest number of sales (356), followed by the Southern Harbour (200). Gozo and Comino, meanwhile, saw the lowest number of transactions, totalling 137.

Apartments continued to dominate the market, making up 34.8 per cent (455 units) of all residential properties transacted. Garages followed at 21.8 per cent (285 units), while maisonettes and houses accounted for 9.7 and 12.3 per cent respectively.

Uptick in promise of sale agreements signals pipeline growth

The positive sentiment is further reflected in the number of promise of sale agreements (‘konvenji’), which rose by 9.7 per cent year-on-year. A total of 1,378 such agreements were registered in May 2025, up from 1,256 in the same month last year.

Again, individual buyers made up the bulk of these contracts, with 1,225 agreements (88.9 per cent). This suggests a strong pipeline of future sales heading into the second half of the year.

San Pawl Il-Baħar also led in promise of sale agreements, recording 111 during the month. Mosta and Birkirkara followed with 69 and 67 agreements respectively.

The Northern Harbour and Northern districts were the most active in terms of promise of sale agreements, registering 413 and 254 respectively. The Western and South Eastern districts were the quietest, with 112 and 182 agreements.

Year-to-date trends reinforce growth momentum

Cumulatively, the first five months of 2025 have seen a total of 5,510 final deeds of sale registered, slightly ahead of the 5,427 recorded during the same period in 2024. The total value of these transactions has also risen to €1.22 billion, up from €1.17 billion.

Similarly, promise of sale agreements for January to May 2025 have reached 6,338, outpacing the 6,099 agreements recorded during the same period last year.