Maltese residential property sales steady in March, but promise of sale agreements decline

Residential property sales in Malta remained relatively stable in March 2025, with 1,026 final deeds of sale registered – a slight 0.3 per cent drop compared to March 2024. However, the total value of these transactions rose to €295.3 million, marking a 4.4 per cent year-on-year increase, according to new figures released by the National Statistics Office (NSO).

Of the total transactions, 91.3 per cent involved individual buyers, accounting for €238.6 million in value.

The most active localities in terms of final sales were St Paul’s Bay (74), Birkirkara (66), and Marsaskala (60), together comprising nearly 20 per cent of all transactions. Apartments and garages were the most commonly sold property types, making up over half of all units transacted.

Promise of sale agreements, however, showed a downward trend, totalling 1,119 – down by 4.6 per cent compared to the same month last year. The majority (90.6 per cent) were initiated by households.

Despite a small dip in transaction volume, the increase in total value suggests that property prices are either holding firm or rising, even as the number of sales agreements begins to ease.