Gozo ends year with highest property value increases

Several towns in Gozo registered the highest increases in property value in December when compared to the previous year, according to a new report.

The report was published by Djar, which tracks property trends across the country.

Sannat saw the biggest increase, namely 6.2 per cent. This was followed by Zebbug (5.5 per cent), Xaghra (5.1 per cent), Xlendi (5 per cent), and Qala (4.9 per cent).

Conversely, property in Senglea, Valletta, Cospicua, Zejtun and Tal-Ibragg registered the biggest decrease in price.

This month’s Djar report focused on Gozo's capital, Victoria. According to the report, 48 per cent of property in the town consists of apartments. Penthouses and townhouses make up 15 per cent and 11 per cent respectively, while other types of property are split fairly equally between maisonettes, terraced houses and houses of character.

In terms of the finishing of properties, 63 per cent were shell properties, 23 per cent were finished, and the remaining 14 per cent were furnished.