For the year property in Malta fell in prices by 2.42%. These data are published the Central Bank of Malta. But in the first three months of 2013 housing became cheaper by 3.3%.
From 2000 to 2007 the property in Malta increasingly expensive. However, with the advent of the crisis, housing prices fell by 9% in 2008, 1.1% in 2009, 4.4% in 2010. There was a little activity in 2011, but in 2012 the real estate market once again slipped by 5%.
According to Global Property Guide, the construction sector continues to be depressed. The number of building permits issued fell by 17.3% in 2012 and amounted to only 958. This is the lowest level since 2003.
It should be noted that recently in Malta launched a program obtaining residence permits by investing in local real estate. There is a possibility that it will revive the housing market.