Malta-soars-with-world’s-highest-property-price-rise

Malta soars with world’s highest property price rise

29.10.18

Property prices in Malta have shot up by the highest rate in the world over the past year, according to the latest global house price index published by real estate consultants Knight Frank.

The research, carried out among 57 countries, tracked price movements in the property market between the second quarter of 2017 and the respective period this year.

Malta came out on top, with home prices shooting up by an eye-watering 17% in the past 12 months. This growth was attributed to the island’s booming economy, a dearth of property supply and an emerging tech industry sparked by the country’s decision to regulate blockchain technology.

Hong Kong came second, with a growth of 15.9%, while Latvia came third, with a growth of 13.7%. At the other end of the rankings are Ukraine, Peru and Saudi Arabia, where house prices sunk by 4.5%, 1.6% and 1.3% respectively.

The announcement was welcomed by the Malta Stock Exchange, which tweeted that good economic policies have created a strong economy and, in turn, a strong real estate market.

Yet it will raise concern among people at the lower end of the wage spectrum, who are finding it increasingly difficult to raise enough money to acquire a loan for a decent house.

Independently-compiled research shows the average Maltese wage remained static at €1,379 pre-tax between 2017 and 2018, making Maltese wages the 16th highest out of the 28 EU countries.

Abode Affiliates

  • Alleyne Real Estate
  • Blevins Franks
  • Coldwell Banker
  • Crane Resorts
  • Dost & Co
  • The Hideaways Club
  • Monaco Real Estates
  • RDO
  • Rosemont Consulting
  • St Francis Links
  • Unique Home Stays
  • Yoo
  • Worldwide Dream Villas
  • Cyan International Properties
  • Enigma Yachts Limited
  • Cornerstone Tax Advisors
  • Lida Cucina
  • Pedini London
  • Alexander James
  • Wings
  • Moore Stephen
  • Ibiza Transit Express
  • Oyster Yachts
  • Jumeirah
  • Knight Frank
  • Wall Street Luxury
  • Heron Real Estate
  • Edenhurst
  • MG&AG
  • Gama Property
  • Touch Design Group
  • CID
  • St Edward
  • Ultra Villa
  • Luxury Italian Living
  • Habitat First Group
  • BDO
  • 7Storeys
  • Smart Currency Exchange
  • Strutt and Parker
  • Prestige Architects
  • Worldwide Property
  • Panorama
  • Dimora
  • Dominic McKenzie Architects
  • The Coastal House
  • Chamonix Ski Chalet
  • Luxe Caribbean Properties
  • Harry Manning
  • Smart Living
  • Isle Blue
  • MAS Marbella
  • London Fractions
  • QTD
  • Page Architects
  • Millgate
  • Jersey Finance
  • guernsey-relocations-logo
  • viberts-logo
  • b-williams-management
  • kpmg-logo
  • author-interiors
  • Wilkinson Beven
  • BoConcept
  • Ante Vrban
  • Experience Invest
  • Move 2 Gozo
  • Deborah Garth
  • Extex
  • You home
  • Ra Shaw Designs
  • Sarason TV
  • Caudwell Collection
  • eastwood private client
  • accanto-interiors
  • Fritz Hansen
  • capital-rise
  • jarrods-staircase
  • neil-davies-logo
  • Tina Shone Group
  • Taplow riverside
  • Aimo

Enter your dream destination