€4.6 Billion in Promise of Sale Agreements Signal Continued Resurgence of Malta's Property Market

International Real Estate News

3rd January 2024

€4.6 Billion in Promise of Sale Agreements Signal Continued Resurgence of Malta's Property Market

In a testament to the strength of Malta's property market, the Malta Development Association (MDA) has revealed that a €4.6 billion worth of Promise of Sale (POS) agreements were signed in 2023. This marks a significant 3% increase from the previous year's figure of €4.2 billion, placing 2023 as the second-best year on record, only behind the record-breaking €4.8 billion in 2021. The sheer volume of POS agreements, totalling 16,636, underscores the demand and investor confidence in the Maltese property market, even amidst global economic uncertainties.

The MDA remains optimistic about the sector's prospects for 2024, and recognises that real estate continues to be the investment of choice for Maltese families, representing the interests of thousands of investors, both large and small. For 2024, the association will persist in advocating for policies that promote homeownership among Maltese buyers, in opposition to the prevailing trend of renting properties in most other European markets.

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Malta Sotheby's International Realty

Launched on the Maltese islands in 2013, Malta Sotheby's International Realty had one clear vision and goal in mind – to offer our clients the highest level of commitment and quality of service in the high-end residential and commercial real estate market throughout the Maltese Islands. We derive our success from local expertise, professionalism, commitment, and discretion to meet any client’s needs. We understand the importance of finding a home that not only suits your needs but suits your vision for the future – a place that facilitates comfort, creativity and familiarity. We realise that a home is much more than a place to live - it is a sanctuary from where we build families and dreams. Our real estate professionals will guide you towards finding your ideal home throughout the entire buying and selling process. The culture of Malta SIR is defined by our knowledgable and dedicated diverse team which spans over multiple nationalities, whether you are a vendor or a buyer we speak your language.

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