In the IV quarter of 2015 property prices in Malta increased by 10.03% compared to the same period last year, according to an international portal Global Property Guide , citing data from a recent study of the Central Bank of Malta.
During this period, apartment prices rose by 7.32%. House terraced demonstrated the most significant growth in the market - the price for the year increased by 17.86% in the IV quarter of 2015. maisonettes cost also increased by almost half, to 15.21%. In the "other housing" category, which includes townhouses, houses the original architecture and villas, has been marked by a rise in prices at 7.96%.
The Central Bank of Malta notes that the trend in the market of the country real estate price growth is largely due to the actions of the government to support the demand for housing. This includes Individual Investor Program, which entered into force in November 2013 and is aimed at wealthy private investors from abroad. Also this contributes to exemption from stamp duty for the "primary" customers on the first ˆ 150,000 of the cost of which has been extended until 31 December 2016. This program allows this type of customers to save up to ˆ 5000 of the amount of the transaction.
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