Malta property prices rise while EU average falls

Property prices in Malta rose in the third quarter of last year while prices in the EU fell, a Eurostat survey shows. Property prices here were one per cent higher when compared with the same quarter of 2011, the index shows. Other eurozone countries saw prices fall by an average of 2.5 per cent. The worst off were property prices in Spain, which declined by 15.2 per cent and Ireland, which were down by 9.6 per cent. Prices were up in Estonia and Luxembourg by 8.4 and 7.1 per cent respectively. The data includes all residential properties, from apartments to detached houses.