Property Prices In Malta Are Rising Faster Than The EU Average

 House prices in Malta went up by 5.5 per cent in the April to June quarter of 2017 compared with the same period in 2016.

House prices in Malta went up by 5.5 per cent in the April to June quarter of 2017 compared with the same period in 2016.

The figure, while considerably higher than the EU average of 4.4 per cent, is still slower than the three highest recorded in the member states: Czech Republic (+13.3 per cent), Ireland (+10.6 per cent) and Lithuania (+10.2 per cent).

Only one member state saw its house prices fall – Italy, whose prices were down by -0.2 per cent.

According to Eurostat, prices in the EU rose by 1.8 per cent since the first three months of the year, with Malta seeing an increase of 3 per cent.

A recently-published survey showed that Malta is the second-most attractive place in Europe to buy-to-rent, owing to the lack of rent control and the recent influx of foreign workers who all need places to live.

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