Oversupply as Malta’s housing boom ends
This content is archived.
Malta’s explosive housing boom between 2003 and 2004 saw house prices increase dramatically, with sharp rises in construction activity. However the housing boom is now officially over.
The over-all house price index fell 0.8% to end-Q1 2008 from a year earlier. When adjusted for inflation, house prices actually fell by almost 5% over the same period.
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