In Malta, residential real estate prices stabilized in the second quarter of this year after declining year-on-year in the first quarter, according to the online publication , referring to the data The Central Bank of the country.
As reported earlier, in the first quarter of 2011 housing fell in price by 2.6%, and in the second quarter prices returned to the level of the same period in 2010.
Prices for maisonettes increased by 5.6% over the year, and apartments, which account for about 60% of the total volume of objects sold, rose in price by 3.3%. The cost of typical houses fell by 2.5%, while the prices of townhouses and villas decreased by 1.4%.
In April and June of this year, the number of building permits issued by the Malta Environment and Planning Authority increased by 13% compared to the previous quarter, mainly due to the construction of apartments. However, the total number of permits decreased by 17.4% over the year.
HomesOverseas.ru
.jpg)
