Market · Data
Malta property prices in 2026: what the NSO and KPMG–MDA data actually says
Headlines about Malta's property market swing between "boom" and "bubble". The official data is more interesting than either. Here is what the two most authoritative sources — the National Statistics Office and the KPMG–Malta Developers Association report — show right now.
Prices are accelerating again
The NSO's Residential Property Price Index rose 6.7% year-on-year in Q1 2026 — the fastest pace since 2022 — after +6.1% in Q4 2025 and roughly +5.2–5.7% through 2024–2025. Apartments led the way at +6.9%. Over six years, prices are up nearly 45%.
Asking prices are running even hotter
The KPMG–MDA report, based on over 18,000 listings, found apartment asking prices up 10% in a single year, with the average apartment now listed at around €415,000 (median €317,000). Because apartment sizes keep shrinking, the cost per square metre rose about 14% in one year.
The regional picture
| Region | Signal |
|---|---|
| North Harbour (Sliema, St Julian's, Gzira) | Highest absolute €/m² in the country |
| North West (Mellieha, St Paul's Bay, Rabat) | Fastest recent growth (+12% in 2024) |
| South | More affordable; values up ~69% since 2018 |
| Gozo | Strongest 5-year appreciation nationwide (+87% since 2018) |
What this means for owners and buyers
Averages hide enormous variation. Within the same locality, permits, condition, floor, and views can move a property's real value by double-digit percentages. If a decision depends on the number — a sale, a bank facility, an inheritance split — get the figure verified on site.
Sources: NSO Residential Property Price Index (Q1 2026); KPMG–MDA Construction Industry and Property Market Report.
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