Friday, July 12, 2013
House Prices in Malta
“House prices slightly below pre-crisis peaks,” says IMF’s report on Malta that was released today. According to the report, “the fall in property prices was not drastic. The decline in property prices during the crisis was 8 percent. The loss in household wealth from property was thus moderate. Malta’s house prices are one of the most undervalued amongst the advanced economy countries, indicating there is no potential risk of correction in the property market. Both the price-to-income and price-to rent ratio remain one of the lowest among the advanced economies.”
Posted by at 9:41 PM
Labels: Global Housing Watch
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