Property prices in Malta stable despite international financial turmoil
Studies carried out by the Malta Central Bank indicate that the demand for property prices in Malta stabilised despite the current financial turmoil.
On average, property prices in Malta in the first three months of this year rose by 5.5% on a year earlier. This has been attributed to the increase in demand for apartments, which saw an annual increase of 8.7% and which is reflective of the increase in the number of non-Maltese individuals, notably High Net Worth individuals that are opting to relocate to access favourable taxation regimes.
Marginal rises in property prices were recorded for townhouses, houses of character and villas. On the other hand, asking prices for maisonettes and terraced houses witnessed a drop.
