In the first quarter this year, the All-Property Price Index stood at 102.95, a rise of 3.9 per cent compared to the corresponding period last year, the National Statistics Office said today.

In the first quarter, the All-Property Price Index increased by 3.9 per cent. The main driver was a rise of 3.2 per cent in the apartments index compared to the corresponding quarter last year. The maisonettes index went up by 5.0 per cent.

This was reflected in the aggregate (apartments and maisonettes) index with an increase of 3.6 per cent. The price indices for the surveyed properties sold during the first quarter this year are essentially in line with those of the previous quarter.

Moreover, during the more recent periods, price levels were mostly consistent for each type of property.

The All-Transactions Volume Index showed that the number of transactions in the first quarter decreased by 13.1 per cent when compared to the corresponding period last year. The sharpest drop was recorded in the maisonettes category, by 27.1 per cent.

The largest number of transactions undertaken in the past year involved apartments, especially those sold in Sliema and St. Paul’s Bay.

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