Malta’s property market continued to climb in the second quarter of 2025, though at a slightly more moderate pace than seen in recent years.

According to the latest figures published by the National Statistics Office (NSO), the Residential Property Price Index (RPPI) stood at 171.93, marking an annual increase of 5.6 per cent compared to the same quarter in 2024.

The RPPI tracks changes in the price of residential properties purchased by households, and is a widely watched barometer of the health of the real estate sector.

Apartments, which make up the largest share of residential property transactions, registered an annual price increase of 5.2 per cent.

Meanwhile, maisonettes saw a steeper rise, with prices climbing by 6.7 per cent.

On a quarterly basis, the RPPI edged up by 1.7 per cent compared to the first quarter of 2025, suggesting steady – if somewhat stabilising – growth.

While property prices are still on an upward trajectory, the rate of growth is slightly lower than the sharp increases seen in previous years, with the 5.6 per cent upsurge marking the lowest year-on-year increase since the second quarter of 2023.

The rate of increase in Maltese residential property prices is just above the EU average of 5.4 per cent. It is significantly more moderate than the price increases seen in Portugal (17.2 per cent), Bulgaria (15.5 per cent) and Hungary (15.1 per cent).