The Malta Development Association (MDA) is delighted to report an unprecedented surge in the property market for February 2024, marking it as the most successful February in the Malta’s recorded history. The Promise of Sale agreements have experienced a commendable increase, rising from 1,318 in February 2023 to 1,420 in February 2024, reflecting an 8% growth. This upward trajectory is further underscored by a substantial 9% increase in revenue, soaring from Euro 380,599,136 in the previous year to Euro 416,571,905.
This remarkable achievement builds on the positive momentum observed in January 2024, which was previously celebrated as the best January on record for Malta’s property sector. As we advance, the MDA reaffirms its dedication to working closely with all stakeholders to ensure the long-term health of Malta’s property market.
The Malta Development Association recognizes the pivotal role of efficient governance in sustaining our industry’s growth. We urge the government to streamline processes and reduce bureaucratic hurdles, ensuring that the remarkable growth we’ve seen is not hampered by red tape. Efforts to simplify administrative procedures will serve as a catalyst for continued investment and development within the property sector, helping to maintain and surpass the record-setting performance we celebrate today.
About Malta Development Association:
The Malta Development Association (MDA) is the highest body and voice of the Real Estate and Construction Industry in Malta. The MDA brings together the large majority of stakeholders within property development industry in Malta under one single umbrella to act as a potent force bringing about growth and development of this important sector in Malta’s economy.
Source of Data
This information is based on data collected by the MDA from various sources and includes both residential and commercial property