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STATISTICS MALTA

Malta: Property Price Index (PPI) Q1/2023

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Malta_Property_Price_Index_PPI_Q12023_1.jpgDuring the first quarter of this year, the Property Price Index (PPI) stood at 148.89, a rise of 6.6 per cent when compared to the corresponding quarter of 2022.

During the first quarter of this year, the Property Price Index (PPI) stood at 148.89, a rise of 6.6% when compared to the corresponding quarter of 2022.

Provisional figures indicate that this increase was mainly driven by developments in the Apartments Price Index which stood at 148.97, registering an annual increase of 6.8%.

In the first quarter of 2022, the PPI registered a rise of 6.8% when compared to the same quarter of the preceding year.

Description

The PPI shows the price changes of purchased residential property. It is compiled on a quarterly basis, rather than on a monthly basis, to ensure that all figures are substantiated by larger samples.

The PPI covers apartments, maisonettes and terraced houses only. However, price changes in these property types are deemed to be indicative of developments in the property market in general.

 

 

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