House prices in Malta fell by 0.9 per cent in the third quarter of 2014, compared with the second quarter.

This was one of the greatest falls registered in the EU, with Slovenia seeing drops of 1.1 per cent and Romania also reporting price drops of 0.9 per cent, according to Eurostat.

Overall, house prices rose by 1.1 per cent in the EU, with the highest increases seen in Ireland (six per cent), Latvia (4.9 per cent) and Croatia (4.7 per cent). Nine countries registered drops in house prices, out of the 27 member states for which data was available.

When the figures for the third quarter of 2014 were compared to that in 2013, Malta saw an annual increase of 4.1 per cent.

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