Activity in the housing market for Gozo slowed down slightly at the start of the year, with January seeing a decrease in final deeds of sale, which were down on December and the previous year.

However there was still a flurry of activity in promise of sale agreements, which were still eligible for the 2% rate tax incentive for property buyers in Gozo on the stamp duty rate if signed before the 31st of January, after which it was due to rise to 5% in line with the rest of the country.

162 final deeds of sale on residential property were registered in Gozo during January, this was down 6 on December, and by 37 on January 2023.

Data released today by the National Statistics Office today show that in the cluster of localities made up of Fontana, Gharb, Ghasri, Kercem, Munxar, Victoria, San Lawrenz, Sannat and Zebbug, there were 86 final deeds of sale, down by 11 on December, and by 27 on January 2023.

While in the cluster of localities of Ghajnsielem and Comino, Nadur, Qala, Xaghra and Xewkija there were 76, this was up 5 on December and down by 10 on January 2023.

The NSO noted that promise of sale agreements in the Gozo and Comino District numbered 185, up by 7 agreements on December and by 77 on the same month in 2023.

In the cluster of localities made up of Fontana, Gharb, Ghasri, Kercem, Munxar, Victoria, San Lawrenz, Sannat and Zebbug, the promise of sale agreements totalled 87, down by 3 from December, and by 33 on 2023.

While in the cluster of localities of Ghajnsielem and Comino, Nadur, Qala, Xaghra and Xewkija, the figure was 98, up by 10 on December and by 44 on January 2023.

File photo

Permalink: Gozo promise of sale agreements still busy in January, slowdown in final deeds of sale