The cost of buying a home in Malta has more than doubled over the past ten years, according to new data from the latest edition of The Malta Property Landscape report by Grant Thornton and Dhalia.

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The report reveals that average property prices across Malta and Gozo increased by 125% between 2013 and 2023 — driven by rising demand, rapid development, and sustained investor interest. Apartments, the most traded type of residential property, saw the steepest increases, with prices rising from around €100,000 in 2013 to over €225,000 last year.

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The Northern Harbour region, which includes high-density areas such as Sliema and St Julian’s, continues to command the highest average prices, while Gozo and the Southern Harbour area remain more affordable — but have also seen major price jumps.

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In 2024 alone, residential property transactions totalled €3.5 billion, indicating that despite concerns around inflation and affordability, demand remains strong. The market continues to be fuelled by government incentives for first-time buyers, low interest rates, and a steady stream of new developments.

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But the report also raises serious questions about sustainability, quality and oversight.

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While the market has delivered impressive returns for sellers and investors, panellists at the report’s launch warned that regulatory gaps — including the lack of binding construction standards and limited data transparency — risk undermining long-term stability.

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They also highlighted the urgent need for better energy performance certification, centralised building logbooks, and digital tools to support buyers and ensure standards.

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“Today’s property sector is not just about investment,” the report notes. “It’s about ensuring that development is sustainable, regulated and aligned with the country’s long-term goals.”

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As the country’s population and housing stock continue to grow, the challenge will be to ensure that Malta’s property boom doesn’t come at the expense of liveability or trust.

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