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Malta registered another increase in house prices during Q3 of 2022

Jan 10 2023 Share

In the third quarter of 2022, house prices, as measured by the House Price Index, rose by 6.8% in the euro area and by 7.4% in the EU compared with the same quarter of the previous year.

In the second quarter of 2022, house prices rose by 9.2% and 9.8% in the euro area and EU respectively. These figures come from Eurostat, the statistical office of the European Union.

Compared with the second quarter of 2022, house prices rose by 1.0% in the euro area and by 0.9% in the EU in the third quarter of 2022.

Among the Member States for which data are available, fifteen showed an annual increase in house prices in the third quarter of 2022 of more than 10%. The highest increases were recorded in Estonia (+24.2%), Hungary(+21.0%) and Lithuania (+19.3%), while prices fell only in Denmark (-2.4%).

In Malta, when comparing the third quarter of 2021 with the same quarter of 2022, prices went up by 6.3%.

On the other hand, compared with the previous quarter, prices increased in twenty Member States, including Malta (1.1%).

The highest increases were recorded in Cyprus (+5.8%), Bulgaria (+4.1%) and Austria (+4.0%), while decreases were observed in Denmark(-3.8%), Sweden (-3.1%), Finland (-1.3%), Romania (-1.2%), Italy (-1.0%) and Germany (-0.4%).

 

#MaltaDaily

 

Photo Source: Polina Kovaleva

Ronaldo’s first Saudi Arabia home costs £250K a month

Ronaldo’s first Saudi Arabia home costs £250K a month
Jan 10 2023 Share

Cristiano Ronaldo’s first home in Saudi Arabia boasts a whopping 17 rooms for his family and entire entourage whilst costing £250,000 per month. 

Ronald completed the move to Al Nassr last week, with the 37-year-old residing at the luxurious Four Seasons hotel in the Kingdom Tower for the foreseeable future as he begins his life in the Middle East. 

According to Daily Mail, the football star will reside in the Kingdom Suite during his stay, and will have enough space given that the suite has two levels of the 99-floor skyscraper. 

However, he will then find a permanent residence after a month. Until then, the football star will have multiple luxuries to keep him busy and content. 

The website of the Kingdom Suite says that the ‘newest two-storey suite spans the 48th and 50th floors of the Hotel, with a soaring living room, a private office, a dining room and a media room.’

It also has a tennis court, a spa and sauna as well as massage treatments. Ronaldo also has the option to indulge the finest dishes through exclusive in-room dining service. 

#MaltaDaily

Yellow warning issued due to strong winds hitting Malta

Yellow warning issued due to strong winds hitting Malta
Jan 10 2023 Share

According to various local weather forecast portals, Malta will be under intense windy bombardment, with a yellow warning issued for today. 

It-Temp Madwarna , the north-westerly wind is expected to be very strong for Tuesday 10th January and reach Force 8 or even force 9. 

The wind is expected to impact various bays around the islands, especially Marsalforn and Dwejra Bay in Gozo. Buġibba is also expected to be hit by the wind. 

The fast ferry and catamaran services were also expected to be halted according to the wind impact. According to Malta International Airport forecast, the weather tomorrow is expected to be mainly sunny going into windy with isolated showers on Thursday. 

#MaltaDaily

Man assaulted by three people

Jan 10 2023 Share

A 30 year old Indian, living in Malta, was assaulted by three attackers, this morning at 4:15am in ‘Triq Diċembru Tlettax’, Marsa.

The police are still searching for the alleged attackers.

Investigations are still ongoing.

#MaltaDaily