The price of housing in Malta went up by 3.8% in the last three months of 2018 when compared with the previous quarter, the third highest rate in the EU.

Eurostat reported on Thursday that the average rate across the eurozone was just 0.7%.

Only Slovenia (+6.5%) and Latvia (+4.3%) had higher rates, with decreases observed in Denmark (-1.7%), Belgium (-0.5%), United Kingdom (-0.4%), Sweden (-0.2%), Italy (-0.2%) and France (-0.2%).

Compared with the last quarter of 2017, house prices, as measured by the House Price Index, rose by 4.2 per cent in the eurozone, and by 6.2% in Malta.

Among the member states for which data are available, the highest annual increases in house prices in the fourth quarter of 2018 were recorded in Slovenia (+18.2%), Latvia (+11.8%) and Czechia (+9.9%), while prices fell in Italy (-0.6%).

Source: EurostatSource: Eurostat

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.