Record property sales put housing policy in election spotlight
Promise of Sale agreements hit record values in April, with the MDA calling on political parties to adopt balanced housing policies during the election campaign.
The Malta property market recorded its strongest April ever, with Promise of Sale values rising 17% year-on-year to €646 million. The Malta Development Association released the figures against the backdrop of an active election campaign, using the data to call for balanced housing policies.
April 2026 saw 1,738 Promise of Sale agreements, up 10% from 1,593 a year earlier. The total declared value jumped by more than €94 million compared to April 2025.
Over the first four months of 2026, cumulative Promise of Sale value reached approximately €2.255 billion. That is an increase of around €347 million over the same period in 2025.
The MDA described the property sector as a main pillar of the Maltese economy. It noted that the market figures align with recent observations by the Central Bank of Malta and its Governor, Alexander Demarco, who stated that property prices had been somewhat undervalued and are now moving closer to fair value.
The Association stressed that the market is supported by real economic activity, sustained demand, employment growth, and long-term investment confidence, rather than speculative behaviour.
With an election campaign underway, the MDA urged all political parties to maintain a balanced and responsible approach towards housing, investment, infrastructure, planning reform, and sustainable economic growth. The Association emphasised that economic success must be paired with improved infrastructure, environmental protection, and policies that support accessibility to home ownership, particularly for younger generations.
The sector generates substantial economic activity across construction, manufacturing, financial services, legal professions, architecture, engineering, hospitality, and retail. But the MDA warned that long-term stability requires clear policies, efficient permitting processes, and continued collaboration between government, opposition, industry stakeholders, professionals, NGOs, and civil society.
The data points to sustained confidence from Maltese families, investors, and foreign buyers. However, the election period introduces policy uncertainty, and the MDA's statement signals that the industry expects commitments to sustainable development from all sides.