Many Maltese revert back to the lira when buying property. Photo: Chris Sant FournierMany Maltese revert back to the lira when buying property. Photo: Chris Sant Fournier

Two-thirds of Maltese still convert prices back to liri when considering large purchases, a recent study has found.

“When getting into big financial commitments I still see clients mulling over the price in old money all the time. It is normal with people who grew up with the lira.

“The problem is that many then compare the purchase to what they would have bought 10 or 20 years ago and obviously a lot has changed in terms of purchasing power,” credit consultant Michael Vella said.

Read the full story in The Sunday Times of Malta, the e-paper or timesofmalta.com premium here.

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