House prices in Malta increased by 3.1% in the third quarter of 2018, compared with the previous quarter, Eurostat said.

In a release on house prices, the EU’s statistical arm said that house prices, as measured by the House Price Index, rose by 1.6% in the euro area and by 1.5% in the EU in the third quarter of 2018, compared with the second quarter of 2018.

When compared to 12 months prior, house price increases during the third quarter of 2018 were more significant, at 4.3% in both the euro area and the EU.

Among the member states for which data was available, the highest annual increases in house prices in the third quarter of 2018 were recorded in Slovenia (+15.1%), the Netherlands (+10.2%) and Ireland (+9.1%), while prices fell in Sweden (-2.1%) and Italy (-0.8%).

Compared with the previous quarter, the highest increases were recorded in the Netherlands (+3.3%), Malta (+3.1%) and Croatia (+2.8%), while decreases were observed in Italy (-0.8%), Romania (-0.7%), Finland (-0.4%), Slovakia (-0.3%) and Hungary (-0.2%).

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