Property prices increase by 6.9% year-on-year

Last year’s third quarter saw an increase in Malta’s property prices, according to fresh data released by the National Statistics Office (NSO) showing that its Residential Property Price Index RPPI rose by 6.9 per cent.

The findings refer to data collected in the third quarter of 2024, with the increase reflecting the year-on-year increase over the corresponding period of 2023.

Over that period, apartment prices increased by 6.9 per cent while the asking price for maisonettes increased by a slightly more moderate 5.8 per cent.

When compared to the second quarter of 2024, the RPPI registered a quarterly increase of 1.5 per cent.

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Anthea Cachia

Anthea has a passion for writing, meeting new people and telling stories. With an insatiable curiosity Anthea loves roaming localities in search of long-established small businesses. When not scribbling away on a notebook or tapping on her computer, you can find her experimenting in the kitchen or traveling.

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