Be the first to comment!Property Price Index up by 6.7% during first quarter – NSO
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During the first quarter of this year, the Property Price Index (PPI) stood at 159.98, a rise of 6.7% when compared to the corresponding quarter of 2023, when it stood at 148.89.
According to latest data from the National Statistics Office, n the period under review, the Apartments Price Index and the Maisonettes Price Index stood at 160.17 and 152.59, registering an annual increase of 6.6 and 6.8%, respectively.
In the period under review the PPI registered a quarterly increase of 1.9%, when compared to the fourth quarter of 2023.
The PPI covers apartments, maisonettes and houses. However, price changes in these property types are deemed to be indicative of developments in the property market in general, the NSO said.
Photo: Gozo News/Alain Salvary
