Residential Property Transactions: May 2021

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10 June 2021 | 1100 hrs | 105/2021

The number of fi nal deeds of sale relating to residential property amounted to 1,158 in May 2021, an increase of 606 deeds when compared to those registered a year earlier. During May 2021, 1,478 promise of sale agreements relating to residential property were registered, an increase of 967 agreements over the same period last year.

Residential Property Transactions: May 2021

Cut-off date: 2 June 2021

Final Deeds of Sale

In May 2021, the number of fi nal deeds of sale relating to residential property amounted to 1,158, an increase of 606 deeds when compared to those registered a year earlier (Table 1a). The value of these deeds totalled €319.5 million, more than three times higher than the corresponding value recorded in May 2020 (Table 2a).

In the month under review, 1,075, or 92.8 per cent, of these fi nal deeds of sale involved individual buyers (households), with companies accounting for virtually all the rest (Table 1b). The value of the deeds involving individual buyers (households) amounted to €208.2 million, equivalent to 65.2 per cent of the total value (Table 2b).

With regard to the region the property is situated in, the highest numbers of fi nal deeds of sale were recorded in the Gozo, and the Ħaż-Żabbar, Xgħajra, Żejtun, Birżebbuġa, Marsaskala and Marsaxlokk regions, at 170 and 158 respectively. The lowest numbers of deeds were noted in the Cottonera region, and the region of Mdina, Ħad-Dingli, Rabat, Mtarfa and Mġarr. In these regions, 12 and 36 deeds were recorded respectively (Table 3).

number of registered final deeds

Chart 1. Registered final deeds of sale – monthly

1,400

1,200

1,000

800

600

400

200

0

J F M A M J J A S O N D

J F M A M J J A S O N D

J F M A M

2019

2020

2021

period

Compiled by: Price Statistics Unit

Contact us: National Statistics Office, Lascaris, Valletta VLT 20001 T. +356 25997219, E. nso@gov.mt

Promise of Sale Agreements

In May 2021, 1,478 promise of sale agreements relating to residential property were registered, an increase of 967 agreements over the same period last year (Table 4a). Individual potential buyers (households) accounted for 1,351, or 91.4 per cent, of these agreements, while the rest mainly involved companies (Table 4b).

The largest numbers of promise of sale agreements corresponded to residential properties situated in the Gozo, and the Ħaż-Żabbar, Xgħajra, Żejtun, Birżebbuġa, Marsaskala and Marsaxlokk regions, totalling 225 and 182 respectively. The lowest numbers were noted in respect of properties located in the Cottonera region, and the region of Mdina, Ħad-Dingli, Rabat, Mtarfa and Mġarr. The first-mentioned region accounted for 21 agreements and the second region accounted for 42 agreements (Table 5).

Table 1a. Number of final deeds of sale by period of registration

Period

2018

2019

2020

2021

January

962

1,067

1,031

1,009

February

1,000

1,222

1,000

983

March

1,042

1,232

926

1,285

Q1

3,004

3,521

2,957

3,277

April

1,000

1,155

590

1,185

May

1,101

1,196

552

1,158

June

1,135

1,032

746

Q2

3,236

3,383

1,888

July

1,106

1,272

1,149

August

1,130

1,138

940

September

924

1,045

974

Q3

3,160

3,455

3,063

October

1,385

1,297

1,053

November

1,260

1,161

960

December

1,267

1,202

1,134

Q4

3,912

3,660

3,147

Total

13,312

14,019

11,055

Table 1b. Number of final deeds of sale involving individual buyers (households) by period of registration

Period

2018

2019

2020

2021

January

896

973

910

919

February

912

1,134

909

898

March

916

1,126

828

1,183

Q1

2,724

3,233

2,647

3,000

April

912

1,076

529

1,089

May

1,003

1,086

501

1,075

June

1,026

936

706

Q2

2,941

3,098

1,736

July

999

1,171

1,069

August

1,024

1,022

872

September

825

966

884

Q3

2,848

3,159

2,825

October

1,244

1,151

960

November

1,138

1,057

889

December

1,153

1,110

1,036

Q4

3,535

3,318

2,885

Total

12,048

12,808

10,093

Note: Refer to methodological note 8.

Table 2a. Total value of final deeds of sale by period of registration

million

Period

2018

2019

2020

2021

January

160.2

237.7

205.1

204.0

February

164.8

226.7

192.2

190.2

March

220.7

225.1

170.5

266.8

Q1

545.7

689.5

567.8

661.0

April

194.6

230.7

119.3

236.7

May

198.9

209.2

102.3

319.5

June

204.3

179.1

138.3

Q2

597.8

619.0

359.9

July

205.0

234.7

212.8

August

232.1

220.9

171.5

September

180.0

192.8

185.2

Q3

617.1

648.4

569.5

October

313.3

265.8

194.2

November

222.4

245.9

176.0

December

274.1

236.8

238.1

Q4

809.8

748.5

608.3

Total

2,570.4

2,705.4

2,105.5

Table 2b. Value of final deeds of sale involving individual buyers (households) by period of registration

million

Period

2018

2019

2020

2021

January

136.4

179.6

161.8

170.8

February

141.2

179.6

157.8

159.4

March

143.2

188.5

140.3

234.8

Q1

420.8

547.7

459.9

565.0

April

140.0

168.9

102.0

198.3

May

158.0

168.8

86.2

208.2

June

153.3

145.4

117.4

Q2

451.3

483.1

305.6

July

160.9

190.4

175.7

August

182.6

170.4

151.8

September

132.2

165.0

150.7

Q3

475.7

525.8

478.2

October

210.8

198.6

165.1

November

181.5

185.4

157.5

December

206.3

202.6

189.4

Q4

598.6

586.6

512.0

Total

1,946.4

2,143.2

1,755.7

Note: Refer to methodological note 8.

Table 3. Number of final deeds of sale by period of registration and region

Region

2020

2021

May

April

May

1.

Cottonera

6

13

12

2.

Fgura, Paola, Santa Luċija, Ħal Tarxien

39

72

67

3.

Ħaż-Żabbar, Xgħajra, Żejtun, Birżebbuġa, Marsaskala, Marsaxlokk

64

143

158

4.

Ħal Luqa, Gudja, Ħal Għaxaq, Ħal Kirkop, Mqabba, Qrendi, Ħal Safi, Żurrieq

57

83

90

5.

Valletta, Floriana, Marsa, Ħamrun, Tal-Pietà, Santa Venera

29

53

86

6.

Ħal Qormi, Ħaż-Żebbuġ, Siġġiewi

38

90

70

7.

Birkirkara, Gżira, Msida, Ta’ Xbiex, San Ġwann

51

127

134

8.

Pembroke, St Julian’s, Tas-Sliema, Swieqi, Ħal Għargħur

57

104

115

9.

Ħ’Attard, Ħal Balzan, Iklin, Ħal Lija

18

44

43

10.

Mdina, Ħad-Dingli, Rabat, Mtarfa, Mġarr

23

32

36

11.

Mosta, Naxxar

23

83

66

12.

Mellieħa, St Paul’s Bay

57

155

111

13.

Gozo

90

186

170

Unclassified

Total

552

1,185

1,158

Table 4a. Number of promise of sale agreements by period of registration

Period

2018

2019

2020

2021

January

972

860

754

981

February

1,221

1,112

892

1,350

March

1,447

1,196

892

1,650

Q1

3,640

3,168

2,538

3,981

April

1,310

1,155

269

1,430

May

1,422

1,145

511

1,478

June

1,164

977

961

Q2

3,896

3,277

1,741

July

1,228

950

1,366

August

1,209

883

1,074

September

1,175

855

1,053

Q3

3,612

2,688

3,493

October

1,563

974

1,300

November

1,223

796

1,044

December

1,008

711

1,145

Q4

3,794

2,481

3,489

Total

14,942

11,614

11,261

Table 4b. Number of promise of sale agreements involving individual potential buyers (households)

by period of registration

Period

2018

2019

2020

2021

January

868

784

658

891

February

1,107

1,001

807

1,262

March

1,308

1,095

829

1,521

Q1

3,283

2,880

2,294

3,674

April

1,201

1,064

252

1,313

May

1,302

1,048

485

1,351

June

1,056

897

903

Q2

3,559

3,009

1,640

July

1,121

854

1,279

August

1,101

792

1,004

September

1,075

794

977

Q3

3,297

2,440

3,260

October

1,427

895

1,205

November

1,079

724

963

December

921

645

1,044

Q4

3,427

2,264

3,212

Total

13,566

10,593

10,406

Note: Refer to methodological note 8.

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Disclaimer

NSO – National Statistics Office of Malta published this content on 10 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2021 09:13:03 UTC.

© Publicnow 2021

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