Value of final deeds of sale registered in July soars by €290 million

The total value of the residential final deeds of sale registered in July 2021 reached €290.5 million, making it the third-best month for the real estate sector since the beginning of 2018.

This represents an increase of 36.5 per cent when compared to the corresponding value recorded in July 2020.

According to a new National Statistics Office release, the number of final deeds of sale relating to residential property amounted to 1,354 in July 2021, an increase of 205 deeds when compared to those registered a year earlier.

In the month under review, 1,267, or 93.6 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 €249.3 million, equivalent to 85.8 per cent of the total value.

With regard to the region the property is situated in, the highest numbers of fi nal deeds of sale were recorded in the region of Għawdex, and the region of Birkirkara, Il-Gżira, L-Imsida, Ta’ Xbiex and San Ġwann, at 191 and 150 respectively.

The lowest numbers of deeds were noted in the region of Il-Birgu, L-Isla, Bormla and Il-Kalkara, and the region of L-Imdina, Ħad-Dingli, Ir-Rabat, L-Imtarfa and L-Imġarr. In these regions, 28 and 37 deeds were recorded respectively.

Promise of Sale Agreements

In July 2021, 1,105 promise of sale agreements relating to residential property were registered, a decrease of 261 agreements over the same period last year.

Individual potential buyers (households) accounted for 989, or 89.5 per cent, out of the total promise of sale agreements, while the rest mainly involved companies.

The largest numbers of promise of sale agreements corresponded to residential properties situated in the region of Għawdex, and the region of Il-Mellieħa and San Pawl Il-Baħar, totalling 201 and 122 respectively.

The lowest numbers were noted in respect of properties located in the region of Il-Birgu, L-Isla, Bormla and Il-Kalkara, and the region of L-Imdina, Ħad-Dingli, Ir-Rabat, L-Imtarfa and L-Imġarr. The first-mentioned region accounted for 15 agreements and the second region accounted for 32 agreements.