Property prices might be on the rise but according to the latest data published by the National Statistics Office, there are no signs of a slowdown in the real estate market as the number of promise of sale agreement as well as final deeds are still on the rise. However, the statistics do not specify how many of these transactions involve first-time buyers. Hence, the data might still be concealing a housing affordability problem for young persons.

It transpires that in July 2025, the number of final deeds of sale to 1,266, an increase of 21.8 per cent when compared to July 2024. The value of these deeds totalled €383.1 million, representing an increase of 35.1 per cent when compared to the corresponding value recorded in July 2024.

In July 2025, 1,229 promise of sale agreements relating to residential property were registered, equivalent to an increase of 15.6 per cent over the same period in 2024. Individual potential buyers (households) accounted for 1,099 (or 89.4 per cent) of these agreements, while the rest mainly involved companies.

An interesting observation is that in July the number of final deeds exceed the promise of sale agreements – a trend which was only registered on three occasions in the last two years.

According to the NSO, the highest numbers of final deeds of sale were recorded in San Pawl Il-Baħar (90), Birkirkara (73) and Il-Mosta (67). The sum of agreements recorded in these localities – which are among the largest on the Maltese Islands –  corresponded to 18.2 % of the total.

These figures were roughly reflected in the promise of sale agreements with  San Pawl Il-Baħar (121), Birkirkara (69) and Tas-Sliema (59) topping the list – accounting to 20.3 % of the total.

On the other hand the Western region comprising L-Imdina, Ħaż-Żebbuġ, Is-Siġġiewi, Ħ’Attard, Ħal Balzan, Ħad-Dingli, L-Iklin, Ħal Lija, Ir-Rabat and L-Imtarfa accounted to the lowest number of deeds and promise of sales. The second lowest in each category was Gozo.

An analysis which UHM Voice of the Workers carried earlier this year on a sample of property prices advertised in The Times of Malta showed that the average price of a flat rose from €142,000 in 2015 to €326,000 in 2025. This trend was echoed in a comprehensive report published by auditing firm Grant Thornton in collaboration with Dhalia Real Estate Services, which concluded that in just a decade the average price of a property in Malta has more than doubled from €150,000 to €333,000, while rental prices soared by 71%.