The latest figures for real estate in March 2023 show further growth in the sector, with the number of Promises of Sale increasing by 16% and value by 7% topping €410 million in a single month, the Malta Developers Association said Monday.

This was the best-ever March recorded with the exception of 2021 when Covid recovery measures for the sector were being phased out. These figures come after more record-breaking months and prove that the interpretation given by some quarters some months back, namely that the real estate sector was facing a crisis, was simply the result of a superficial analysis fraught with basic errors of interpretation of data, as explained many times by the MDA.

This data confirms that real estate is the investment of choice of most Maltese families and the actual increase in the number of Promises if Sale shows that this is the most accessible means for such investment which continues to historically increase in value, the MDA said.

Despite the fact that the sector attracts so much media attention, mostly adversely, it is an investment that Maltese families choose to safeguard and increase their savings.