Malta · Property Prices

Up 6.7% in a year.
€224k to €945k by town.

Malta's official index rose 6.7% in the year to Q1 2026 — but Malta publishes no official price in euros. The medians below come from live portal listings, labelled as exactly that, from Marsa at €224,000 to Valletta at €945,000. Know which number you're reading.

Figures verified 8 July 2026

The market in official numbers

Malta's benchmark is the NSO Residential Property Price Index — built from roughly 1,400 actual transactions per quarter, using tax-authority data (base 2025 = 100). Q1 2026: index 104.19, up 6.7% year on year and 1.8% on the quarter. Apartments +6.9% y/y; maisonettes +5.3%. The run-up through 2025: +5.7%, +5.6%, +5.7%, +6.1% by quarter — steady acceleration, no spike.

Activity is strong: 13,339 residential final deeds in 2025 (+5.9% y/y), worth about €3.97 billion (+12.5%) — an implied average of roughly €298,000 per transaction (our derivation, not an official figure).

Say it plainly: Malta publishes indices, not prices. Neither the NSO nor the Central Bank of Malta publishes an official median price or €/m² by locality — the NSO index is national-level by property type only. The Central Bank runs a separate advertised-price index (asking prices from internet listings); its latest verified reading was +3.11% y/y in Q4 2025, via a secondary source — we could not parse the primary file this pass. Two indices, two stories: contract-based growth (~6–7%) is running well ahead of asking-price growth (~3%). Always check which basis a Malta headline uses.

Prices area by area

Because no official locality prices exist, every figure below is an asking-price median from live portal listings — the djar.ai Malta Property Index, which aggregates ~36,000 deduplicated listings from 12 agencies (July 2026). Asking, not sold.

LocalityMedian asking price≈ USDMedian asking €/m²Basis
Valletta€945,000$1,106,000€7,626ASKING — djar.ai portal median, Jul 2026
Sliema€895,000$1,047,000€5,909ASKING — djar.ai, Jul 2026
Birgu (Three Cities)€871,000$1,019,000€6,862ASKING — djar.ai, Jul 2026
St Julian's€850,000$995,000€6,750ASKING — djar.ai, Jul 2026
Attard€578,500$677,000ASKING — djar.ai, Jul 2026
Mellieha€535,000$626,000ASKING — djar.ai, Jul 2026
Naxxar€534,500$625,000ASKING — djar.ai, Jul 2026
Mosta€455,000$532,000ASKING — djar.ai, Jul 2026
Gzira€425,000$497,000€4,545ASKING — djar.ai, Jul 2026
Xaghra (Gozo)€400,500$469,000Gozo from ~€1,200ASKING — djar.ai, Jul 2026
Marsaskala€375,000$439,000ASKING — djar.ai, Jul 2026
St Paul's Bay€370,900$434,000ASKING — djar.ai, Jul 2026
Bugibba€296,750$347,000ASKING — djar.ai, Jul 2026
Sannat (Gozo)€260,000$304,000ASKING — djar.ai, Jul 2026
Marsa (cheapest listed)€224,000$262,000ASKING — djar.ai, Jul 2026

Conversions at €1 = $1.17 (8 July 2026), rounded. Apartment cross-check from Global Property Guide listings research (Q1 2026, also asking): Malta mainland 1-bed ~€210,000, 2-bed ~€285,000, 3-bed ~€405,000; Gozo 1-bed ~€157,000, 2-bed ~€190,000, 3-bed ~€240,000. GPG's national estimate of €2,437/m² is a research estimate, not an official figure.

Affordability, roughly. The average basic salary was €2,270/month in Q1 2026 (NSO Labour Force Survey) — about €27,240 a year. A €376,000 median 2-bed asking price is roughly 13.8× a single average salary — a derived, indicative ratio mixing asking prices with survey wages. Yet the Central Bank's own misalignment indicator read prices about 5% below fundamentals in Q3 2025. Expensive for locals; not, by the CBM's measure, a bubble.

Where our numbers come from

NSO Malta publishes the quarterly RPPI (contract-based, tax-authority data), transaction counts and values by district, and building permits — but no locality prices. The Central Bank of Malta publishes the advertised-price index as a quarterly spreadsheet, plus housing-market analysis in its Quarterly Review. Eurostat carries Malta's harmonised house price index.

For price levels you're reliant on portals: djar.ai (locality medians and €/m² from ~36,000 aggregated listings, updated daily), propertymarket.com.mt (a 30+ agency marketplace), and the big agencies — Frank Salt (est. 1969), RE/MAX Malta, Simon Mamo — for listings and locality guides.

Honesty note. Every locality price on this page is an asking price. Asking prices run above final sale prices, and Malta's contract-vs-advertised index gap (6.7% vs ~3.1% growth) shows the two measures can diverge sharply. Treat portal medians as a map of relative value between towns, not a promise of what you'll pay.

What to watch

Non-EU buyers need a permit — or an SDA. Americans and Canadians need an AIP permit (Chapter 246) to buy outside a Specially Designated Area: one property only, personal residence only, no renting it out. Minimum values were €174,274 (flat/maisonette) and €300,619 (other) per the latest MTCA guidance we could verify — the current-year FAQ page was unreachable on 8 July 2026, so re-confirm before you offer. SDAs (Portomaso, Tigné Point, Fort Cambridge, Fort Chambray on Gozo, and others) waive all of it: no permit, no one-property limit, full rental freedom — priced accordingly.
Residency-programme thresholds changed in 2025. Under Legal Notice 310 of 2024 (in force 1 January 2025), the Malta Permanent Residence Programme requires a property purchase of at least €375,000 anywhere in Malta or Gozo, or a rental of at least €14,000/year — the old Gozo/south discount is gone. Government contribution: €30,000 buying / €60,000 renting; administration fee €50,000 plus €10,000 per dependant. The Global Residence Programme keeps lower thresholds: €275,000 (Malta) / €220,000 (Gozo or south), 15% flat tax, €15,000 minimum annual tax.
Purchase costs. Stamp duty is 5% (1% provisional at promise of sale). Budget 2026 made first-time-buyer relief permanent — 0% on the first €200,000 — but it applies to residents buying a first home, not holiday-home buyers.
Supply is surging. About 12,300 dwelling permits were approved in 2025, up 41% — enough to cool apartment prices and rents from 2027 onward, especially in the Northern Harbour. Rent growth is already decelerating from the +8% pace of late 2025.

Sources

  1. Index: NSO Malta, Residential Property Price Index Q1 2026 (NR 114/2026, 2 July 2026) — nso.gov.mt; NSO property statistics: nso.gov.mt/property
  2. Advertised-price index and market analysis: Central Bank of Malta — real economy indicators; Quarterly Review 2026:1, Chapter 3 — centralbankmalta.org
  3. Locality asking medians and rents: djar.ai Malta Property Index, July 2026 — djar.ai/market
  4. 2025 transactions, full-year price data, apartment levels: Global Property Guide, Malta — globalpropertyguide.com
  5. Salary: NSO Labour Force Survey Q1 2026 (NR 103/2026) — nso.gov.mt; price-to-income ratio is our calculation
  6. MPRP (LN 310/2024): GVZH Advocates; ACT. GRP: CSB Group
  7. AIP permit rules: Malta Tax & Customs Administration — mtca.gov.mt; thresholds via Chetcuti Cauchi
  8. Stamp duty and Budget 2026: Chetcuti Cauchi; EY Malta
This page is general information, not legal or investment advice. AIP values and programme thresholds change — confirm current rules with a Maltese notary before acting.
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