Housing cycles / MLT

Malta

Real residential property prices, BIS index, 2005 to 2025-Q4. The index is rebased to 2010 = 100 for Malta alone, so its level says nothing next to another country’s. Growth and drawdown are comparable across countries; the level is not.

+3.4%

Real prices, year on year

2025-Q4; nominal +6.1%

at peak

Off its own real peak

peak 2025-Q4

-15.9%

Deepest real drawdown

trough 2013-Q2, within the observed sample

2005

Index starts

84 quarters to 2025-Q4

Real house price index, annual

Annual means of the quarterly real index. A year is plotted only if all four of its quarters are present, so a partial year is dropped rather than averaged over whatever is present.

Source: BIS residential property prices (selected series) Latest real quarter 2025-Q4 = 143.2; highest observed real quarter 2025-Q4 = 143.2. Methodology

Banking crises

Laeven-Valencia records no systemic banking crisis for Malta. There is no event study on this page, and this country enters none of the cross-country medians on the index. Its deepest observed real drawdown is -15.9%, into 2013-Q2. Absence from the chronology is the chronology’s judgement, not proof that no crisis happened.

Limits of this page. The drawdown figures are conditional on the sample: Malta’s index begins in 2005, so a peak before then is invisible and the deepest drawdown is the deepest observedone. The crisis dating is Laeven-Valencia’s, not this repo’s. Nothing here is a causal claim. See the methodology for the full list.