15,852 properties purchased last year

173 properties in Malta were purchased last year for over €1 million

15,852 properties were purchased in Malta last year, finance minister Edward Scicluna has revealed.

The vast majority of these properties – 11,783 – were sold for less than €150,000. A further 2,398 were sold for a price between €150,000 and €250,000, while 1,258 were sold for between €250,000 and €600,000, and 240 were sold for between €600,000 and €1 million.

173 properties were purchased for over €1 million.

The information was tabled in Parliament in response to a parliamentary question by Labour MP Charles Buhagiar.