Malta - House Price Index

For Malta, the Residential Property Price Index (RPPI) tracks the change in transaction prices for two residential typologies (apartment and maisonette) and an aggregate that includes detached houses. There is no breakdown between new and existing dwellings. Using data provided by the tax authority, it is produced by the National Statistics Office (NSO) each quarter.

A separate index, with parallel coverage but based on advertised prices, is reported by the central bank.

Active:

• Measurement: Fixed-base index relative to 2025 (Index 2025=100)
• Adjustment: Not seasonally adjusted (NSA)
• Native frequency: Quarterly
• Start date: Uniformly 2020Q1

Predecessor(s):

• Value 2015=100 - 2010Q1 to 2025Q3
• Volume 2015=100 - 2010Q1 to 2017Q1
• 2010=100 - 2008Q1 to 2016Q1 ("_10")
• 2005=100 - 2004Q1 to 2012Q1 ("_05")

Global concept alias:

• HPI

The source writes:

The Property Price Index (PPI) family is based on the median price of the sample. The All-Property Index uses a Laspeyres-type formula to aggregate the three indexes, weighted by the volume of properties transacted every year. Moreover, the All-Property Index is chain-linked every year, to enable annual revision of weights.

The Property Volume Index (PVI) is based on the number of transactions. The All-Transactions Index reflects the percentage changes registered in the total number of transactions recorded by the Inland Revenue Department in the three dwelling types.

The sample includes over 1,000 transactions per quarter.  No distinction is made between new and existing properties.

Terraced house - A dwelling (within a multi-family structure) with two or more floors, with separate street access.  Vertically, it has its own airspace and no underlying structures not part of the house itself. Horizontally, it is either attached to other structures on both sides, or is a corner house on the end of a row.

Apartment - A self-contained room or suite of rooms, with a separate entrance from a common passage, landing or stairway. Includes penthouses.

Maisonette - A self-contained room or suite of rooms, with separate street access.  Vertically, is either at ground-floor level with overlying habitation, or at first-floor level with underlying habitation. A ground-floor maisonette may be classified either as a ground-floor tenement without its own airspace or as a maisonette.  (Per North American terminology, this is a "duplex," with two dwelling units.  Other countries define "maisonette" differently.)

Moody's Analytics supplements

For the all-properties verbatim NSA index, we back-extend (2004Q1 to 2019Q4) and construct a seasonally adjusted counterpart.

Yes. Source data are provisional and subject to revisions for the prior four quarters.

Weights are updated each year. The index base year is advanced periodically.

Further reading

At the source:

• Press releases for Property Price Index and PVI - the methodology appears as footnotes in each PDF edition
• Definitions of metadata concepts can be found here.

At Eurostat:

• Reference metadata: House price and sales index (prc_hpi_inx)

• Jun 2006 - Initial version.
• May 2013 - Rebased to 2010.
• Jul 2014 - Back-extended by Moody's Analytics.
• Jul 2017 - Rebased to 2015.
• Jul 2017 - Addendum of SA supplement.
• 8 Jul 2026, Phillip Thorne - Description, Properties, Moody's Analytics supplements, Further reading.