Malta’s residential property market cooled slightly in May, with both final deeds of sale and promise of sale agreements registering year-on-year declines.According to new figures published by the National Statistics Office (NSO), 1,157 final deeds of sale relating to residential property were registered during May 2026. That marks a decrease of 45 deeds, or 3.7%, compared to the same month last year.Despite the drop in transactions, the value of those final deeds remained substantial, reaching €342.3 million.Meanwhile, 1,316 promise of sale agreements were registered during the month, down by 61 agreements, or 4.4%, from May 2025.Promise of sale agreements, which indicate properties that are in the process of being bought and sold, carried a combined value of €604 million.The figures suggest that while activity in Malta’s residential property market remains strong, the pace of transactions has slowed slightly when compared to last year.Together, the final deeds and promise of sale agreements recorded in May represented nearly €1 billion in residential property value, underlining the continued scale of investment in Malta’s housing market despite the modest decline in activity.What do you make of this?•