Malta’s property market maintained its upward trajectory in the final quarter of 2024, with the Residential Property Price Index (RPPI) reaching 165.22, marking an annual increase of 5.2 per cent compared to the same period in 2023.
The figures reflect continued demand and resilience in the housing sector, despite broader economic fluctuations.
The latest data, issued by the National Statistics Office, highlights strong performance across key property types. The Apartments Price Index stood at 165.34, showing a 5.0 per cent year-on-year increase, while the Maisonettes Price Index reached 157.53, marking a 5.2 per cent rise.
Interestingly, on a quarter-by-quarter basis, property prices showed no change when compared with Q3 2024, indicating a moment of stability in the market following several quarters of growth.
As Malta continues to see sustained interest in residential real estate, both from locals and foreign investors, market watchers will be keen to observe whether this growth momentum carries into 2025 or if the market will begin to level off.
Annual inflation rate edges slightly upwards in April
The highest annual inflation rate in April were registered in Housing
Local software developer creates wishlist for startup ecosystem
Simon Theuma believes Malta has potential building blocks to be the next Silicon Valley-type ecosystem
WATCH: Robert Abela and Alex Borg debate before Malta’s business community
The leaders of Malta's two main political parties butt heads in a bid to win the favour of business