Malta’s property sector hits record €5.1 billion in promise of sale agreements for 2024

Malta’s property sector set a new record in 2024, with the total value of promises of sale agreements reaching an impressive €5,110,103,735.

According to the Malta Developers Association (MDA), this milestone was achieved through 16,739 agreements signed during the year.

This marks an 11 per cent increase compared to the €4,597,753,196 recorded in 2023 and a 5.5 per cent rise over the previous record of €4,841,426,720 set in 2021. The consistent growth highlights the sector’s robust contribution to Malta’s economy.

“This investment benefits every Maltese and Gozitan family,” remarked MDA President Michael Stivala.

However, the association also cautioned that for the sector to sustain its momentum, critical challenges such as bureaucratic inefficiencies need to be addressed. The MDA emphasised the importance of investments to enhance infrastructure and build higher-quality, more efficient properties.

The MDA serves as the leading representative body for Malta’s property sector, uniting a majority of stakeholders to drive growth and development. The association advocates for policies and initiatives that support the sector’s critical role in Malta’s economy.