With 17% increase in house prices from the same period last year, Malta has taken the lead from Hong Kong in the Global House Price rankings. published by Knight Frank for Q2 2018.
The report takes price data from the Central Bank of Malta and interprets the increasing massively demand on inherent supply constraints, combined with a robust economy (6.6% GDP growth in 2017) and a buoyant technology industry that is attracting more inward migration looking for accommodation.
The Knight Frank Global House Price Index established in 2006, enables investors and developers to monitor and compare the performance of mainstream residential markets around the world. The index is compiled on a quarterly basis using official government statistics or central bank data where available. The index’s overall performance is weighted by GDP on a Purchasing Power Parity basis and the latest quarter’s data is provisional pending the release of all the territories’ results
The full report is accessible here:
https://content.knightfrank.com/research/84/documents/en/global-house-price-index-q2-2018-5804.pdf
Published on https://www.bloomberg.com/news/articles/2018-09-14/malta-beats-out-hong-kong-for-world-s-top-home-price-gains