In a span of 13 years Malta’s housing prices saw an increase of 53.5% according to Eurostat

According to Eurostat, property prices in Malta increased by 53.5 per cent between 2010 and 2023, exceeding the European Union (EU) average increase of 48.4 per cent.

In 2023, 69 per cent of the EU population owned their home, while the remaining 31 per cent lived in rented accommodation. The highest homeownership rates were recorded in Romania (96 per cent), followed by Slovakia, Croatia, and Hungary.

In Malta, 74.7 per cent of the population owned their home, while 25.3 per cent were tenants. Homeownership was more common than renting in all EU countries except Germany.

Regarding housing type, 62.9 per cent of the Maltese population lived in apartments. Dwellings in Malta were considered relatively spacious, with an average of 2.2 rooms per person, compared with the EU average of 1.6 rooms per person.

The statistics also show that 69 per cent of the Maltese population lived in dwellings considered too large for the needs of their household, while only 2.4 per cent lived in overcrowded housing.

Malta also recorded the lowest percentage of households living in a dwelling whose energy efficiency had been improved over the previous five years.

On average, Maltese households spent 12 per cent of their disposable income on housing costs. However, lower-income households spent a considerably higher proportion, reaching 26 per cent of their disposable income.

Across the EU, construction producer prices for new residential buildings increased by 52 per cent between 2010 and 2023, with the largest annual increase (12 per cent) recorded in 2022. Construction prices rose in all EU Member States.