Malta's real estate market is buzzing with activity as the number of promise of sale agreements surged by 7.5 per cent in February 2025 compared to the same period last year, according to the latest figures from the National Statistics Office (NSO).

An impressive 1,253 promise of sale agreements were registered in February, up from 1,166 in February 2024. This upward trend underscores the sustained demand for property, despite economic uncertainties and evolving market conditions.

Diving into the data by district, the Northern Harbour region led the way with 354 transactions, followed closely by the Southern Harbour and South Eastern districts, which saw 183 and 215 agreements, respectively. The Western district recorded 119 agreements, while the Northern district saw 250. Gozo and Comino maintained steady figures with 132 agreements.

Central locations like Birkirkara, Qormi, and Sliema continue to be hotspots, while emerging areas such as Marsaskala and Mellieħa are attracting buyers, particularly in the residential and investment sectors.

Meanwhile, final deeds of sale held steady, with 1,021 registered in February 2025, just one more than the 1,020 recorded in the same period last year. This stability suggests that while demand remains robust, the pace of converting agreements into completed transactions has not significantly shifted.