The real estate output in Malta has shown a steady increase from 2013 to 2023, with the value reaching 1,340 million Euros in 2023. Over the last two years, the year-on-year variation stood at 4.92% in 2022 and 4.66% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) averaged at 4.43%. The real estate market has maintained a positive growth trajectory with some fluctuations, most notably a slight decline in 2020.
Looking into the future, the forecasted data predicts an ongoing upward trend from 2024 to 2028, with an estimated five-year CAGR of 3.15%. By 2028, the real estate output is expected to grow by 16.76% over the five-year period starting in 2024.
Future trends to watch for in the Maltese real estate market include:
- Impact of global economic conditions and interest rate trends on investment flows and property prices.
- Government policies and regulations affecting real estate development and housing supply.
- Technological advancements and their integration into property management and real estate transactions.
- Environmental sustainability and the demand for green buildings.
