Maltese house prices increase by 6.2% – Eurostat

gozo channel maltemp

House prices in Malta increased by 6.2% when compared with the second quarter of 2018, Eurostat statistics revealed.

However, this figure shows that the rate of growth in Maltese house prices has marginally decreased, as the growth rate was 6.6% when compared to the first quarter of 2018.

When compared with the previous quarter in 2019, Maltese house prices increased by 3.4%

Developments in the EU Member States

Among the European Union Member States, the highest annual increases in house prices in the second quarter of 2019 were recorded in Hungary (+14.0%), Luxembourg (+11.4%) and Croatia (+10.4%); while prices fell in Italy (-0.2%).

Compared with the previous quarter, the house prices increased in all Member States for which the data is available. Highest increases were recorded in Latvia (+5.6%), Luxembourg (+5.1%) and Cyprus (+4.2%).