Malta’s Housing Prices Rise By 6.9%, Almost Doubling The EU Average
Malta’s housing prices recorded in the last quarter of 2024 increased by 6.9% from the previous year, almost doubling the increase recorded as the EU average.
Numbers published by Eurostat show that Malta’s housing prices of the fourth quarter of 2024 increased by 6.9% from the same quarter of the previous year. The previous quarter rose by the same percentage while the first quarter increased by 6.7%.
This growth is particularly notable given that several EU countries experienced declines in house prices during the same period like France (-3.5%), Finland (-2.8) and Luxembourg (-1.7%) despite, Luxembourg being one of the most expensive countries in the European Union.
States recording the highest increase include Bulgaria at a staggering 16.5% rise, Poland at 14.4% and Hungary at 13.4%.
Compared with the previous quarter, prices decreased in two Member States and increased in twenty-four Member States. The falls were registered in Finland (-0.6%) and Estonia (-0.5%), while the highest increases were recorded in Bulgaria (+3.9%), Portugal (+3.7%) and the Netherlands (+3.6%).
Are housing prices in Malta too high?
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