Maltese House Prices Up By 4.6% Over A Year

Jan 12 2024

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%).

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Golden Oscars Statue Has Arrived In Malta

Jan 12 2024

The prestigious Golden Oscars Statue has made its way to Malta!

In a bizarre turn of events, MaltaDaily has been informed that the iconic golden statue, seen awarded in mini forms to many famous individuals, has landed on the Mediterranean island.

A high security operation is currently underway to protect it as it stays for a brief period on the island after it was at the Biannale di Venezia film festival,

MaltaDaily will be exclusively updating you on its whereabouts here in Malta.

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Two Youths Arrested After Stealing Jewellery From Buġibba Shop

Jan 12 2024

Two 17 year olds from Sweden were arrested by police a few moments after allegedly committing a robbery from a jewellery shop in Buġibba.

Yesterday, at around 15:45hrs, police noticed two individuals who started to act strangely when they saw the officers doing their Triq il-Merluzz patrol.

The two youth promptly ran away, with the police giving chase and managing to catch one of the youth.

At the same time, the officials were informed that a robbery had taken place from a shop in Triq Dawret il-Gżejjer. The persons accused matched the caught person and the other escaped person.

When the captured youth was getting into the police care, he was allegedly seen throwing away an object, which turned out to be a gold bracelet.

The search for the other youth culminated in the police discovering his place of residence and resulted in his arrest. There, the police also found another gold bracelet and a gold watch stolen from the shop.

The two are expected to be arraigned in court in the coming days as police continue their investigations.

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900 Persons To Benefit From Increase In Rent Benefit

Jan 12 2024

From January 2024, around 900 tenants will benefit from an increase in the Rent Benefit.

This was announced by the Minister for Social and Affordable Accommodation, Roderick Galdes, in a press conference.

Minister Galdes recalled that since the government introduced the reform in the Rent Benefit in 2019, this will be the second substantial increase.

He stated, ‘Once again, this increase will not only be assisting people in paying their rent but will also be improving their quality of life after paying the rent.’ He also announced that with this increase, any individual currently receiving less than €125 per month as Rent Benefit will no longer receive less.

Minister Roderick Galdes explained the changes as follows:

For a single person, an increase from €3,600 to €4,200;

For a family with one child, an increase from €4,800 to €5,400; and

For a family with two or more children, an increase from €5,000 to €6,000.

The Chief Executive of the Housing Authority, Matthew Zerafa, emphasized the importance of affordability and stability in the rental market.

He stated, ‘Ensuring that this sector remains strong from every aspect while making sure that benefits like these are always more accessible.’

The Permanent Secretary, Emanuel Psaila, was also present at the press conference.”

#MaltaDaily