In the third quarter of 2012, Malta property prices were 1% higher when compared with the same quarter of 2011. The rest of the EU experienced and average decrease of 2.5%.
In the third quarter of 2012, Eurostat’s House Price Index reported that property prices in Malta were on the average 1% higher when compared with the same quarter of 2011. Conversely the rest of the EU experienced an average decrease of 2.5% during the same period. In fact as early as the third quarter of 2010, the Central Bank had already reported a healthy increase of 1.5% in property prices, and this on the back of another 0.5% increase during the previous quarter.
Whilst Malta’s property market was no stranger to the financial crisis’ adverse effects, the statistics show that the property market in Malta is very strong and provides for a profitable investment.
