Malta’s property market surge in 2024 continues a long-standing trend of rising real estate prices, with values having doubled since 2013.
The 6.8% year-on-year increase in the Residential Property Price Index (RPPI) reflects sustained demand, particularly in high-demand areas like Sliema and St. Julian’s. Compared regionally, Malta’s property boom surpasses that of Cyprus, which has also seen increases in housing demand driven by foreign investment and tourism. In contrast, Spain and Greece, though popular, have seen more moderate growth, particularly in their coastal regions. Driven by a smaller landmass and foreign interest, Malta’s property market has grown faster in comparison. Italy, with its larger market, experiences regional variations, with coastal areas seeing slower growth.
Foreign investment plays a pivotal role in driving up Malta’s property prices, as its attractive tax incentives, warm climate, and safe environment continue to draw expatriates, retirees, and international investors. Additionally, Malta’s limited land availability makes real estate an increasingly scarce asset, further fuelling price inflation. Government programs aimed at supporting first-time buyers, such as tax reliefs and grants, attempt to offset these challenges.
Malta remains a prime location for real estate investment, with robust growth predicted to continue. Its competitive advantage compared to other Mediterranean countries lies in its strategic location, strong economic performance, and investor-friendly policies.
If you’re considering entering Malta’s property market or want tailored advice, we encourage you to speak to one of the established estate agencies based here for sound advice and personalised services to support you.
