Key information about House Prices Growth

• Malta house prices grew 4.1% YoY in Sep 2024, following an increase of 5.2% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2001 to Sep 2024, with an average growth rate of 5.2%.
• House price data reached an all-time high of 36.7% in Jun 2004 and a record low of -9.9% in Mar 2009.

Graph and download economic data for Residential Property Prices for Malta (QMTN628BIS) from Q1 2005 to Q4 2024 about Malta, residential, HPI, housing, price index, indexes, and price.

Housing Index in Malta increased to 169.09 points in the first quarter of 2025 from 166.62 points in the fourth quarter of 2024. This dataset provides - Malta House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Residential Property Prices in Malta increased 5.16 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Malta Residential Property Prices.

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the high base rate environment in the years since, which has inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest rise, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact. Properties in many areas haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

House Price Index YoY in Malta decreased to 5.70 percent in the first quarter of 2025 from 6.10 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Malta House Price Index YoY.

Real residential property prices Y-on-Y, percent change in Malta, December, 2024 The most recent value is 3.78 percent as of Q4 2024, a decline compared to the previous value of 5.55 percent. Historically, the average for Malta from Q1 2006 to Q4 2024 is 3.61 percent. The minimum of -7.33 percent was recorded in Q4 2009, while the maximum of 28.66 percent was reached in Q1 2007. | TheGlobalEconomy.com

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, notably rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated jump of 1.2% in 2025 to €207.6 billion, while the average industry profit margin is forecast to reach 35.1%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing over the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated (2021-2023), being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent prices to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this has started to turn around in 2025 as interest rates have been falling across Europe in the two years through 2025, reducing borrowing costs for buyers and boosting property transactions. This has helped revenue to rebound slightly in 2025 as estate agents earn commission from property transactions. Revenue is forecast to swell at a compound annual rate of 3.7% over the five years through 2030 to €249.5 billion. Housing prices are recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, PropTech—technology-driven innovations designed to improve and streamline the real estate industry—will force estate agents to adapt, shaking up the traditional real estate sector. A notable application of PropTech is the use of AI and data analytics to predict a home’s future value and speed up the process of retrofitting properties to become more sustainable.

In 2023, the turnover of the real estate industry of Malta amounted to about 740.02 million Euros. Between 2021 and 2023, the turnover rose by approximately 52.48 million Euros.

Malta - Housing cost overburden rate: Tenant, rent at market price was 19.70% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Malta - Housing cost overburden rate: Tenant, rent at market price - last updated from the EUROSTAT on July of 2025. Historically, Malta - Housing cost overburden rate: Tenant, rent at market price reached a record high of 31.00% in December of 2009 and a record low of 12.10% in December of 2018.

Malta - House price index was 5.70% in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Malta - House price index - last updated from the EUROSTAT on August of 2025. Historically, Malta - House price index reached a record high of 29.80% in March of 2007 and a record low of -7.70% in December of 2009.

This statistic shows the house price index in Malta from the first quarter of 2016 to the second quarter of 2020. In the quarter ending June 2020, the house price index stood at 126.91 points.

Graph and download economic data for Harmonized Index of Consumer Prices: Actual Rentals for Housing for Malta (CP0410MTM086NEST) from Jan 1996 to Jun 2025 about Malta, harmonized, rent, CPI, housing, price index, indexes, and price.

The number of employees in the real estate industry in Malta was 2,720 in 2022. This is higher than in 2021, when the number of employees had been 2,520.

Building contractors and developers depend on various socio-economic factors, including property values, underlying sentiment in the housing market, the degree of optimism among downstream businesses and credit conditions. All of these drivers typically track in line with economic sentiment, with recent economic shocks spurring a difficult period for building contractors and developers. Nonetheless, the enduring need for building services, particularly to tackle housing shortages across the continent, ensures a strong foundation of work. Revenue is forecast to grow at a compound annual rate of 2.3% to reach €1.3 trillion over the five years through 2025. Operational and supply chain disruption caused by the pandemic reversed the fortunes of building contractors and developers in 2020, as on-site activity tumbled and downstream clients either cancelled, froze or scaled back investment plans. Aided by the release of pent-up demand and supportive government policy, building construction output rebounded in 2021. Excess demand for key raw materials led to extended lead times during this period, while input costs recorded a further surge as a result of the effects of rapidly climbing energy prices following Russia’s invasion of Ukraine. Soaring construction costs and the impact of interest rate hikes on both the housing market and investor sentiment led to a renewed slowdown in building construction activity across the continent. However, falling inflation and the start of an interest rate cutting cycle have spurred signs of a recovery in new work volumes, supporting anticipated revenue growth of 2.3% in 2025. Revenue is forecast to increase at a compound annual rate of 6.7% to €1.7 trillion over the five years through 2030. Activity is set to remain sluggish in the medium term, as weak economic growth and uncertainty surrounding the impact of the volatile global tariff environment on inflation and borrowing costs continue to weigh on investor sentiment. Contractors and developers will increasingly rely on public sector support, including measures to boost the supply of new housing, as countries seek to tackle severe housing shortages. Meanwhile, the introduction of more stringent sustainability requirements will drive demand for energy retrofits.

Graph and download economic data for Harmonized Index of Consumer Prices: Services Related to Housing for Malta (SERVHOMTM086NEST) from Jan 1996 to Jun 2025 about Malta, harmonized, services, CPI, housing, price index, indexes, and price.

The personnel costs of the real estate industry of Malta amounted to approximately 69.06 million Euros in 2022. This is higher than in 2021, when the personnel costs had been around 62.87 million Euros.

This statistic shows the revenue of the industry “real estate activities on a fee or contract basis“ in Malta from 2012 to 2016, with a forecast to 2025. It is projected that the revenue of real estate activities on a fee or contract basis in Malta will amount to approximately ***** million U.S. Dollars by 2025.

Malta - Harmonised index of consumer prices (HICP): Actual rentals for housing was 152.46 points in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Malta - Harmonised index of consumer prices (HICP): Actual rentals for housing - last updated from the EUROSTAT on August of 2025. Historically, Malta - Harmonised index of consumer prices (HICP): Actual rentals for housing reached a record high of 152.93 points in March of 2025 and a record low of 72.83 points in October of 1996.

Hardware and home improvement stores’ revenue is forecast to rise at a compound annual rate of 1.4% over the five years through 2024 to reach €155.8 billion. Private spending on home renovation and maintenance, construction activity, environmental awareness and the number of households each play their part in determining sales. The EU and the UK enjoyed a housing market boom prior to 2023, when soaring mortgage rates deterred many from buying a new house. While demand for outfitting new houses is down, more Europeans are turning to repair, maintenance and renovation work on their existing properties, helping to raise sales of hardware and home improvement products. This trend accelerated during the COVID-19 pandemic, as people confined to their homes looked to refresh their surroundings and found themselves with more time to dedicate to DIY projects. Hardware and home improvement stores were deemed by many governments as essential businesses, allowing them to remain open during the lockdowns. In 2024, revenue growth is expected to be constrained by the cost-of-living crisis. Shoppers are increasingly price-sensitive and many are thinking twice before spending in response to intense inflationary pressures, cutting sales for many hardware and home improvement stores. Price inflation is expected to outweigh falling sales volumes, leading to revenue growth of 1% in 2024. Over the five years through 2029, hardware and home improvement stores’ revenue is slated to climb at a compound annual rate of 1.5% to reach €168 billion. Ever-growing levels of environmental awareness among Europeans will drive strong demand for sustainably sourced and energy-efficient products, like reclaimed wood and lithium-ion battery-powered hand tools. Competition from online-only retailers will continue to heat up, forcing hardware and home improvement stores to expand their in-store offerings to attract customers – augmented reality stations where shoppers can visualise their new products in their homes are one way retailers can try to do this.