Residential property prices rise by 5.7% in first quarter of 2025

Malta’s residential property prices continued their upward trend in the first quarter of 2025, with the Residential Property Price Index (RPPI) rising by 5.7 per cent when compared to the same period in 2024, according to fresh figures published by the National Statistics Office (NSO).

The index reached 169.09 between January and March 2025, driven by price increases across different property types. The base year for the index is 2015.

Apartments recorded an annual increase of 5.3 per cent, with their index rising to 168.67, while maisonettes saw a slightly higher growth rate of 6.2 per cent, with their index standing at 162.06.

Compared with the final quarter of 2024, the RPPI rose by 1.5 per cent, indicating continued price momentum on a quarterly basis.

The NSO noted that prices were measured using a quality-adjusted index that accounts for various property characteristics such as location, age, and condition, among others. It also clarified that the figures are provisional and may be subject to revision.

Apartments and maisonettes remain the primary drivers of the RPPI, although the index also includes other property types such as houses, villas, and farmhouses.

These results add to a series of annual increases seen in recent years, reflecting sustained demand in Malta’s property market despite broader economic pressures such as high interest rates and inflation.

The RPPI is compiled using data from the tax authority and reflects prices agreed in property sales involving households.