Malta’s real estate registered a 6.7 per cent increase during the first three months of 2024 when compared to the corresponding period of the previous year.
The data emerges from the latest National Statistics Office release showing that the property price index (PPI) stood at 159.98 during the first quarter of this year.
The index registered a quarterly increase of 1.9 per cent when compared to the last three months of 2023.
In the period under review, apartment prices increased by 6.6 per cent, while the price for maisonettes saw an increase of 6.8 per cent.
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Total government expenditure for the same period rose to €4.62 billion, an increase of €592 million year-on-year