Real Estate in Malta has always been a sound investment. The House Price Index of the Central Bank of Malta indicates that:

• between 1987 and 2004 average property prices increased by 10.3% offering an average real return of 7.8%/annum;
• house prices doubled between 1993 and 1996;
• after 1996, a short period of relative stability ensued until 1999 when the upward trend resumed at a moderate pace;
• house prices rose by 10% in 2002;
• house prices also rose by 10% in 2003, with apartments and terraced houses showing the sharpest increases.

Other interesting facts:

• The sectoral contribution to Gross Domestic Product from construction increased from 3.49% in 2000 to 4.06% in 2005. The contribution from real estate, rental and business activities increased from 10.04% to 12.23%.
• Malta's population is approximately 400,000; a record 21,506 people were employed in construction-related sectors in 2005.

This information is kindly provided by our Real Estate Partner