According to HOMESGOFAST, it could be a great time to buy a Property In Malta after recent figures showed a fall in house prices brought about by an oversupply of property and a steep fall in demand for mortgages.
New figures from the European Central Bank (ECB) show that requests for home loans to Maltese banks fell sharply during the last quarter of 2011 and worse figures are expected for the coming year.
Source: http://malta.homesgofast.com/news/property-in-malta-cheaper-as-demand-for-home-loans-slumps-I2432/