Housing prices in Malta decreased by 2.6% in the first quarter of 2011

Housing prices in Malta decreased by 2.6% in the first quarter of 2011, the report said OPP citing data from the Central Bank of Malta. It was the second quarter, when the country became cheaper housing - as a result of the cost of terraced houses fell by 6.1% for the year. According to the Central Bank, townhouses and villas for the year fell by 12.8%. The volume of deals decreased. The volume of sales transactions for the year decreased by approximately 10% as of March 2011. However, prices for apartments have increased over the year by 1%, in addition, the number of building permits issued by the authorities of Malta, has grown by 25% per year, and most of them concerns the construction of apartments. HomesOverseas.ru