New survey reveals current property market sentiment

The team at propertymarket.com.mt have carried out a survey to find out what their users think about Malta’s real estate sector, focusing on current property prices and outlook for the next three years.

Fifth-five per cent of people who took part in the survey already own a property in Malta and nearly half of all participants (48 per cent) intend to buy a property within the next three years.

When asked for their opinion on property prices, the majority (64 per cent) agreed that prices are too high.

Only 10 per cent think prices are reasonable and no one thought they were low.

There are high expectations that there will be a rise in property prices over the next three years, with 30 per cent saying they think prices will “increase dramatically” and another 35 per cent think they will “increase by a little bit”.

Not everyone is of this opinion though, as 14 per cent think that prices will “crash” and a further nine per cent think they will “decrease”.

Users were also asked what they thought about investing in a property to rent and the results show that 52 per cent thought it was a wise investment, 43 per cent were not sure and only five per cent thought it was not a good investment. To see the full report, visit http://www.propertymarket.com.mt/what-do-you-think/