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Residential Real Estate Transactions - Malta

Malta
  • In Malta, the market segment of Residential Real Estate Transactions market is expected to see significant growth in the coming years.
  • By 2024, the transaction value is projected to reach US$699.50m.
  • This upward trend is predicted to continue, with an annual growth rate (CAGR 2024-2029) of 6.74%.
  • As a result, the market volume is forecasted to reach a substantial US$969.30m by 2029.
  • The demand for luxury waterfront properties in Malta has surged, driven by foreign investors seeking a Mediterranean lifestyle.

Definition:

Residential real estate transactions refer to the buying, selling, or transfer of ownership of residential properties such as single-family homes, condominiums, townhouses, and apartments. These transactions involve a number of steps and parties, including buyers, sellers, real estate agents, attorneys, lenders, and title companies.

Additional information:

The KPIs covered in this market are the real estate transactions revenue and the average revenue transaction value.

In-Scope

  • Overall revenue generated by residential real estate transactions

Out-Of-Scope

  • Commercial real estate transactions
  • Revenue of real estate agencies
  • Revenue of construction companies
Real Estate

Real Estate

Related markets:
Residential Real Estate: market data & analysis - Cover

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Residential Real Estate: market data & analysis

Study Details
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    Volume

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Analyst Opinion

    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.

    Transaction Value

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Living Space

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Methodology

    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.

    Financial

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    Residential Real Estate: market data & analysis - BackgroundResidential Real Estate: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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    The global housing market has slowed amid high inflation and soaring borrowing costs. Homeownership is one of the most universal signs of success and prosperity: It serves both as a source of stable and secure housing and a long-term investment. After the global financial crisis, property prices rose in many countries and especially in advanced economies. For more than a decade after that, the housing market has been on an upward trajectory, culminating in the housing boom during the COVID-19 pandemic. However, housing shortages in highly competitive markets, the recent rapid house price growth, soaring inflation, and consequently, some of the highest mortgage interest rates recorded in the past 10 years have led to the market cooling.
    More data on the topic
    Country with the largest value of residential real estate transactions
    U.S.
    Share of ultra high net worth individuals (UHNWIs) who bought a new home
    17%
    City with the highest risk of a property bubble
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    Residential real estate in Europe - statistics & facts

    Soaring inflation and aggressive mortgage interest rate hikes cooled the European housing market after a nearly decade-long period of growth. Since 2015, house prices in the European Union have grown by about 50 percent. When inflation in Europe started to rise at an alarming rate in 2021, the European Central Bank increased interest rates, resulting in substantially higher mortgage interest rates and a decline in homebuying. But how important is homeownership for Europeans?
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    Homeownership rate in Europe
    69%
    Country with the most housing completions per 1,000 citizens
    Ireland
    Average transaction price of new housing in Austria
    4.92k EUR per sq m

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    Residential real estate in India - statistics and facts

    Generally considered the third key pillar of the food, clothing, and shelter trinity popularized in India over generations, owning a home is still prioritized as a measure of financial security by a vast majority of the Indian population. The COVID-19 pandemic with its successive lockdowns and restrictions to stay within the confines of one’s home, further reinforced this vision. India’s growing urban population, rising household incomes, and decade-long low-interest rates have been propelling the demand for residential units, driving up the sales volume. Even though the residential real estate sector was severely hit in 2020, it marked a strong recovery in consecutive years, crossing pre-COVID sales figures.
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    Estimated market size of Indian real estate industry for 2030
    1tr USD
    Most affordable metropolitan city
    Ahmedabad
    Leading housing finance company by market capitalization
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