The Property Price Index (PPI) for the first quarter of 2015 went up by 2.8% when compared to the same quarter of last year. The Index, issued by the National Statistics Office now stands at 104.76.
The Apartment Index was a main driver, registering a rise of 4.5% when compared to the first quarter of 2014, whilst the Maisonette Index remained the same.
Figures on the Property Volume Index (PVI) showed a considerable 11.9% increase in the value of property transactions carried out during this year when compared to the corresponding period of last year. Again, the largest increase was registered by the Apartment Index which stood at 15.4%.
Apartment transactions comprised 73.2% of total property transactions carried out along the last year, with St. Paul’s Bay having most transactions in this respect (8.7%).
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