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Malta has been a fascinating subject for the world to see unfold. Their economy has been thriving and has kept going up even in hard times for the global markets. One of the effects of their flourishing economy has been a drastic increase in the interest in Maltese real estate. This has seen the prices of Malta properties rise. If you have taken a look at the latest properties for sale in Malta lately, you definitely have seen the higher prices.
We’re going to take an in-depth look at exactly why Malta has been experiencing a real estate price increase and how much exactly prices have increased when compared to others. In that way, we can truly start to understand what this real estate boom is all about and whether it’s going to be sustainable for the years to come.
As Compared to the Rest of Europe
One of the most intriguing things to look at when analyzing real estate prices is the comparison to other countries in the same era. For Malta, that’s going to be the rest of the countries in Europe. When compared to the other countries, Malta ranks 7th in total home value gained over the past decade. This is a great sample size and gives us some fantastic data. Here are the ranks for Europe:
So, it turns out that the seemingly meteoric rise of Maltese property lives up to the hype. Their housing market is one of the best performing markets in all of Europe over the past 10 years.
Maltese housing prices have risen 52% over the past decade. This means that Maltese property is one of the best performing real estate investment markets in the world over that timeframe. And, they’ve done it all through organic growth and have built a highly desirable market to live in during the process.
Reasons for Housing Market Growth
The Maltese economy started booming when they made it very desirable to do business there. Business grew and took the economy with it. As more businesses decided to make Malta home, they required employees to work there. Undoubtedly, many did eventually relocate to Malta and many took their families, as well. This resulted in a mass rush on the Maltese housing market and has led to both commercial and residential real estate prices experiencing a huge boost.
The whole sentiment surrounding Malta is positive at the moment and the real estate incline is expected to continue for homes for the foreseeable future.
The Maltese housing market has experienced a huge increase in value due to a variety of factors. It has performed just as well if not better as almost any real estate market in the world and that trend isn’t likely to be broken any time soon. Now that we have a deeper understanding of why this housing market has been on the rise, we can confidently say that Malta is set up for a bright economic future and so is their housing market.