Property prices up 4.8% in Q1 in Malta

Property prices rose by an average of 4.8 per cent in the first quarter of 2017 when compared to the corresponding quarter of last year, published by the Maltese National Statistics Office early June.

The volume of transactions rose by 11.1 per cent.

Last year, 75.6 percent of sold properties were apartments, 20.0 percent maisonettes and terraced houses 4.4 percent, the pattern consistent with previous years.

The Maisonettes Price Index was up by 9.6 per cent, while the apartment prices have increased by 4.2 percent compared to last year.

The biggest percentage of property sales were in the Birkirkara, Gżira, Msida, Ta' Xbiex, San Ġwann area (13%) followed by Żabbar, Xgħajra, Żejtun, Birżebbuġa, Marsaskala, Marsaxlokk (12.3%) and Pembroke, St Julian's, Tas-Sliema, Swieqi, Għargħur (11.4%). Sales were lowest in the Cottonera region at just 2.6 per cent.

If you are looking to purchase a home at Malta, we have a wide range of luxury, new, character, investment type of properties, for details you can refer to our website www.ecsmproperty.uk.com or contact our multilingual team on ec@ecsmproperty.uk.com

8 Jun 2017

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