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Maltadaily News

Maltese House Prices Up By 4.6% Over A Year

Maltese House Prices Up By 4.6% Over A Year
Local

According to statistics released by Eurostat, Maltese house prices increased by 4.6% in 2023 quarter 3 from the same quarter last year.

Compared to 2010, house prices in Malta Q3 2023 increased by around 70%, with rent prices increasing by just over 50%.Overall, house prices and rents increased between Q2 and Q3. Both house prices and rents in the EU increased by 0.8% compared with Q2 2023.

Meanwhile, compared with Q3 2022, house prices in the EU decreased by -1.0%, while rents increased by 3.0%.

House prices increased most between 2010 and 2023 Q3 in Estonia (+210%) and Hungary (+185%). The highest decreases were registered in Greece (-14%) an Italy (-8%).

For rents, the highest rises were registered in Estonia and Lithuania at +218% and +170% respectively. The only rent decrease was registered in Greece (-20%).

#MaltaDaily