.: REAL ESTATE SERVICES :.
http://www.simonestates.com
Quick Search
Select your requirements from the selections below and click 'Submit' to search

Currency:  Maltese Lira    Euro
              
 
.: Navigation Menu :.

Skype Me!

join us on facebook


Logo

Proud member of the Federation of Estate Agents

.: Central Bank Reports :.

Property Prices in Malta

These documents contain excerpts about property prices in Malta, mdina and valletta obtained from the Central Bank Annual Reports issued between 1998 and 2009. Excerpts taken from the Central Bank Annual Reports: http://www.centralbankmalta.com/site/publications2.asp

To view a particular document click on one of the 'View Report' links below. You are also able to download the respective documents by right-clicking on one of the 'Download Report' links and selecting 'Save Target As...'

View Report:           [2009]  [2008]  [2007]  [2006]  [2005]  [2004 - 2001]  [2000 - 1998]
Download Report:   [2009]  [2008]  [2007]  [2006]  [2005]  [2004 - 2001]  [2000 - 1998]

2006 Report

Table 3.7: Approved dwelling units

The slowdown in the rate of increase in property prices observed in 2005 continued throughout 2006, particularly in the latter half of the year. Advertised property prices rose by 3.7%, significantly less than the 10.4% recorded in 2005 (see Chart 3.3). This slowdown in house price inflation reflects a deceleration across most property types, particularly terraced houses, maisonettes and finished flats, the latter accounting for over 40% of sampled properties. In contrast, asking prices for town houses rose by 2.3%, after having declined in the previous year, while prices of flats in shell form and villas rose at a faster pace than in 2005.

Chart 3.3: Residential Property Prices

Household indebtedness to banks continued to increase during 2006, with the rate of growth of mortgage lending in Malta remaining higher than the euro area average (see Chart 6.4).8 However, although households remained vulnerable to shocks, the debt burden still appears to be sustainable. Indeed, while rising interest rates impinged on their debt repayment capability, this negative effect was offset by the positive influences of higher employment levels and



Chart 6.4: Mortgage Loan Growth

growth in national income. Affordability has also improved, while problematic loans have decreased further.9 Furthermore, households are still accumulating wealth, both financial and propertyrelated, thus indicating an increasing buffer to service debt. Nevertheless, although the financial position of households remains sound, and even appears to have strengthened during 2006, an acceleration in the debt burden poses some risks going forward. Since most mortgage loans are contracted at variable rates, households with a heavy debt burden, particularly those in the lower income bracket, become more vulnerable in an increasing interest rate scenario.

.: SIMON Estates (Naxxar) Ltd :.
159, Il-Gebla, Labour Avenue, Naxxar. Malta
223, Republic Street, Valletta. Malta
6, Chemin du Repos, 1213 Petit-Lancy, Geneva, Switzerland
Tel: 00356 23 88 00 10    Mob: 00356 79 00 82 87
.: Designed by: Mark Anthony Spiteri :.