The Property Price Index stood at 104.76, in the first quarter of this year, a
rise of 2.8 per cent compared with the corresponding period last year, the National Statistics Office said.

The main driver was a rise of 4.5 per cent in the Apartments Index compared with the corresponding quarter last year. The Maisonettes Index remained the same. This resulted in a 3.4 per cent increase in the Aggregate (apartments and maisonettes) Index.

The Property Volume Index (PVI) showed that the value of transactions in the first quarter of this year increased by 11.9 per cent when compared to the corresponding period last year.

The largest increase in sales was recorded in the Apartments Index, by 15.4 per cent. Apartments accounted for 73.2 per cent of the total transactions recorded in the past year, whereas the locality registering the largest number of transactions was St Paul’s Bay with 8.7 percent of total transactions.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.