The annual price growth according to the data for the third quarter of 2010 amounted to 1.53%, although taking into account inflation, the cost still decreased by 1.02%, the report says.
However, last year was not too good for some homeowners in Malta:
- terraced houses for the year to the third quarter of 2010 fell in price by 6.65% (-8.99% adjusted for inflation);
- prices for maisonettes increased by 2.18% (-0.38% adjusted for inflation);
- apartments have risen in price by 3.39% (+0.79% in real terms);
- "other residential units" increased in price by 7.10% (+4.41 adjusted for inflation).
However, the situation of real estate investors in Malta may be complicated by an excess of offers, a large number of empty houses and, as a result, low rental income.
According to