House prices in Malta continue to rise
Maltese property prices have been rising for the past 6 quarters, after a short slump in late 2012. Malta’s house price index rose by 7.58% (6.85% inflation-adjusted) during the year to Q3 2014, based on Central Bank of Malta (CBM) figures. Property prices rose by 1.30% (0.46% inflation-adjusted) during the third quarter of Q3 2014.
Most property types experienced price hikes:
Rising house prices are partially attributable to the Individual Investor Programme, introduced in the government’s budget of November 2013, which targets high net worth individuals. In addition, the stamp duty exemption for first-time buyers on the first €150,000 of their new property’s value has been extended till June 30, 2015 for all contracts for sale made on or before that date.
