Key regions: Germany, Europe, Asia, United States, United Kingdom
The Residential Real Estate Transactions market in Malta has been experiencing significant growth in recent years.
Customer preferences: One of the main reasons for this growth is the increasing demand for residential properties in Malta. The country has become an attractive destination for both local and international buyers due to its favorable tax system, stable economy, and high quality of life. Many people are choosing to invest in residential properties in Malta as a way to diversify their investment portfolio and take advantage of the potential capital appreciation.
Trends in the market: Another trend in the market is the rise of the luxury real estate segment. There has been a growing demand for high-end properties in Malta, particularly in popular areas such as Valletta, Sliema, and St. Julian's. This trend can be attributed to the increasing number of high-net-worth individuals choosing Malta as their second home or retirement destination. These individuals are looking for luxury properties that offer modern amenities, stunning views, and a prime location.
Local special circumstances: One of the unique aspects of the residential real estate market in Malta is the availability of properties with historical and cultural significance. The country is known for its rich history and architectural heritage, and many buyers are attracted to properties that showcase these characteristics. This has led to a niche market for properties that have been carefully restored and preserved, offering a unique blend of historical charm and modern comfort.
Underlying macroeconomic factors: Several macroeconomic factors have contributed to the growth of the residential real estate market in Malta. The country's strong economic performance, low unemployment rate, and stable political environment have instilled confidence in both buyers and investors. Additionally, the government has implemented policies to attract foreign investment, such as the Malta Individual Investor Program, which offers citizenship to individuals who make a significant investment in the country. These factors have created a favorable environment for the real estate market to thrive. In conclusion, the Residential Real Estate Transactions market in Malta has been experiencing significant growth due to increasing customer preferences for residential properties, particularly in the luxury segment. The availability of properties with historical and cultural significance also adds to the appeal of the market. The underlying macroeconomic factors, such as the country's strong economy and government policies to attract foreign investment, have further contributed to the growth of the market. Overall, the residential real estate market in Malta is expected to continue its upward trajectory in the coming years.
Data coverage:
Figures are based on total and average revenue of residential real estate transactions (sales).Modeling approach:
Market size is determined by a bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.Forecasts:
We use a variety of forecasting techniques, depending on the behavior of the market, for instance, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.Additional Notes:
Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war considered at a country-specific level.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
