Promise of sale agreements in Malta increase by 7.5% in February

The number of promise of sale agreements in Malta rose by 7.5 per cent in February 2025 compared to the same period last year, reflecting continued activity in the country’s real estate market, according to the latest figures released by the National Statistics Office (NSO).

A total of 1,253 promise of sale agreements were registered in February, up from 1,166 in the same month of 2024. This increase follows a steady upward trend observed in recent months, indicating sustained demand for property despite ongoing economic uncertainties and shifting market dynamics.

Breaking down the data by district, the Northern Harbour region recorded the highest number of promise of sale agreements, with 354 transactions. This was followed by the Southern Harbour and South Eastern districts, which saw 183 and 215 agreements, respectively.

The Western district registered 119 agreements, while the Northern district reported 250. Meanwhile, Gozo and Comino recorded 132 agreements, maintaining relatively stable figures compared to previous months.

Notably, demand for properties in central locations such as Birkirkara, Qormi, and Sliema remained strong, while emerging hotspots like Marsaskala and Mellieħa continued to attract buyers, particularly in the residential and investment segments.

Meanwhile, final deeds of sale remained relatively stable, with 1,021 registered in February 2025, just one more than the 1,020 recorded in the same period last year. This indicates that while there is strong demand in the market, the pace at which agreements translate into completed transactions has not changed significantly.