The Malta Independent 15 May 2021, Saturday

Malta records largest decrease in house prices when compared with previous quarter

Saturday, 14 July 2018, 08:10 Last update: about 4 years ago

Malta has recorded the largest decrease in house prices at -4.9% when comparing the first quarter of 2018 with the last of the previous year.

The closest decreases were recorded in Cyprus (-1.8%) and Sweden (-0.8%). 

It should be noted that when comparing the same quarter with that of the previous year, Malta’s property prices actually increased by 5.2%, provisional figures indicate that the main driver of the increase was the Apartments price index, although the Maisonettes price index also went up.

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The figures, which were published by Eurostat, found that house prices, as measured by the House Price Index, rose by 4.5% in the euro area and by 4.7% in the EU in the first quarter of 2018 compared with the same quarter of the previous year.

Compared with the fourth quarter of 2017, house prices rose by 0.6% in the euro area and by 0.7% in the EU in the first quarter of 2018.

The highest annual increases in house prices in the first quarter of 2018 were recorded in Latvia (+13.7%), Slovenia (+13.4%), Ireland (+12.3%) and Portugal (+12.2%), while prices fell in Sweden and Italy (both -0.4%) as well as in Finland (-0.1%).

 

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