The Malta Independent 29 February 2020, Saturday

House prices rose by 5.8% in 3rd quarter of 2019 when compared to same quarter previous year

Friday, 17 January 2020, 10:05 Last update: about 2 months ago

House prices in Malta rose by 5.8% in the third quarter of 2019 when compared to the same quarter the previous year, Eurostat figures as measured by the House Price Index show. 

The House Price Index (HPI) measures the price changes of all residential properties purchased by households (flats, detached houses, terraced houses, etc.), both newly built and existing, independently of their final use and independently of their previous owners. The Member States’ HPIs are compiled by the National Statistical Institutes.

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Compared to the second quarter of 2019, house prices in the third quarter rose by 2.9% in Malta.

House prices, as measured by the House Price Index, rose by 4.1% in both the euro area and the EU in the third quarter of 2019 compared with the same quarter of the previous year, Eurostat figures show, meaning Malta’s rose by more than the EU average.

Compared with the second quarter of 2019, house prices rose by 1.4% in the euro area and 1.5% in the EU in the third quarter of 2019.

House price developments in the EU Member States

Among the Member States for which data are available, annual increases in house prices were observed in all countries in the third quarter of 2019 when compared to the same quarter the previous year. The highest increases were recorded in Latvia (+13.5%), Slovakia (+11.5%), Luxembourg (+11.3%) and Portugal (+10.3%).

 

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