Since 2017, Malta’s property prices have risen by 40%, according to a report by KPMG.

The analysis looked into asking prices for different properties, studying how these have changed over the last seven years and using the firm’s internal database of over  19,000 properties.

It picked out the median price for each property and discovered that each year, property prices have grown by around 6%.

The median price gauges the cost of properties by examining the full spectrum of housing market prices and pinpointing the central price. This generally offers a more accurate measure than the average price, which can be distorted by exceptionally high or low-priced properties.

Though there was a rise in the price of all properties, the magnitude of this increase differed among various home types.

Furthermore, the report highlighted that Malta’s low-income earners are confronting notable challenges in securing affordable housing.

More specifically, the median price of apartments rose by 40% since 2017, increasing from €200,000 to €280,000. Meanwhile, in 2013, the median price of such a property was just over €142,000.

Similarly, the price of a maisonette has shot up by €100,000 since 2017 elevating from €200,000 to €310,000. This type of housing has also increased in popularity, KPMG found.

On the other hand, the asking price of terraced houses has actually gone down in recent years, going from around €650,000 in 2022 to €600,000 today.

Villas experienced a similar dip, registering a 10% decrease in asking prices over the past year. Nonetheless, most villas still request extremely high prices with over two-thirds of villas being listed at a price of over €1.3 million.

The analysis further explored the effects of location on asking price, discovering that the Grand Harbour and Northern Harbour are the most expensive regions. While Gozo is the cheapest.

Have the property price increases affected you?