House prices in Malta rose by 11 per cent in the fourth quarter last year compared to the same period the previous year, according to the House Price Index. It was the second highest annual increase among the EU states for which data is available, the highest being recorded in Ireland (+16.3 per cent). Malta was followed by Sweden (10.4 per cent), Estonia (10.1 per cent) and the United Kingdom (10 per cent), and the largest fall was in Slovenia (-4.4 per cent), followed by Cyprus (-3.3 per cent), Latvia (-3.2 per cent) and Italy (-2.9 per cent).
The highest quarterly increases were recorded in Malta (4.6 per cent), Ireland (3.8 per cent), Slovakia (2.1 per cent) and Luxembourg (2 per cent), and the largest falls in Latvia (-10.2 per cent), Lithuania (-4.3 per cent) and Cyprus (-3 per cent). Over all, house prices in the fourth quarter rose by 1.1 per cent in the euro area and by 2.6 per cent in the EU compared with the same period the previous year. Compared with the previous quarter, house prices slightly decreased in the euro area (-0.1 per cent) and remained stable in the EU in the fourth quarter of 2014. The figures were published by Eurostat.
Source: The Times of Malta