In the last quarter of 2021 the Gozo region recorded the highest number of final deeds of sale, with 566 the National Statistics Office said today.

It was followed by the region of Haz-Zabbar, Ix-Xghajra, Iz-Zejtun, Birzebbuga, Marsaskala and Marsaxlokk with 512.

On a national level, in the fourth quarter of 2021, 3,877 final deeds of sale were registered, this was an annual increase of 23.1%.

The value of the deeds registered during this period rose by 35.0% over the same quarter of the previous year and amounted to €839.8 million, the NSO said.

Also in the fourth quarter, the number of promise of sale agreements reached 4,618, representing an annual increase of 32.4%.

645 promise of sale agreements relating to residential property were registered during the same period in the Gozo region. This was followed by the region of Il-Mellieha and San Pawl Il-Baha with 566.

For the month of December, the National Statistics Office data also show that the number of final deeds of sale relating to residential property in Malta and Gozo amounted to 1,390, this was an increase of 256 deeds on a year earlier.

During this same period there were 2,276 promise of sale agreements relating to residential property were registered. This was equivalent to a 98.8% increase over 2020.

The NSO said that this substantial increase in promise of sale agreements is largely explained by the expiration of a tax incentive related to the acquisition of property.

This information from the NSO presents provisional data on residential property sale transactions based on the date of registration with the tax authority.

Photo by Alain Salvary

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