Uh, oh Chongo! House prices in Malta are falling
Published:
January 22, 2015 at 2:58pm
The Malta Independent reports today:
House prices, as measured by the House Price Index, rose by 0.5% in the euro area and by 2.3% in the EU in the third quarter of 2014 compared with the same quarter of the previous year.
But while the highest quarterly increases were recorded in Ireland (+6.2%), Latvia (+4.9%), and Croatia (+4.7%), the largest falls were recorded in Slovenia (-1.1%), Romania and Malta (both -0.9%).
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http://www.independent.com.mt/articles/2015-01-22/local-news/Malta-s-house-prices-register-EU-s-second-largest-decrease-in-Q3-6736129216
Here’s another cretin who’s anti hunting but is going to vote in favour of spring hunting. But we know he’s a cretin anyway. Who is it? Luciano Busuttil of course.
http://www.maltatoday.com.mt/news/national/48680/small_number_of_mps_wary_of_politicising_hunting_referendum
Let’s recap the tally: Kollha favur barra Marlene.
Way to go.
And Stefan Buontempo looks/sounds like he’s stoned or completely out of it.
Muscat hinged his economic policy around a specific drive to address the drop in sales.
Everyone in the know predicted a possible spike leading to overheating of the sector. The opposite happened.
Being positive or else seems to counter any optimism. So does the utter absence of the words work and jobs from his vocabulary. Call it latent perception.
Oh well, a hunting we go.
To be fair, house price estimates in Malta are totally meaningless, whether they register an increase or a decrease. Having been involved in real estate I should know.
Apparently they are calculated via adverts published in the printed media. As far from reality as can be considering that a) private sellers “no agents please” generally overprice by anywhere from 20 – 100% (yes really), and b) estate agents – who are responsible for most ads – do the opposite, “oops” that bargain 3 bed penthouse we advertised actually has two bedrooms… or that bargain “terraced house” is actually a town house with two interconnecting bedrooms and someone else’s kazin where the “salott” used to be – but hey, it’s good that you called…
I thought the passports-for-cash scheme was supposed to boost the property market.
Opportunity cost claims starting to register.
All over 2c in value.
Think the penny will drop?
Can we have that Buontempo chap as prime minister or the next pantomime dame? “Jiena ha nivvota bhal Joseph Muscat.”
I don’t have a brain; I use Joseph’s.
I don’t have an opinion; I use Joseph’s.
OMG. If ISIS had to see that video they would recruit him on the spot for the next belt-strap-jacket-wearing activity on their agenda.
Lejbers entire economy is fake and is creatively played around with so that most stuff looks good on paper.
Things in Malta have really changed under the leadership of Joseph Muscat.
It is now safer to invest in petrol and diesel, rather than in property.
In fact, the price of petrol and diesel is more likely to remain stable, even if the international price drops by about 50%.
And if their price falls by 2 cents, you would know immediately, because the prime minister calls a press conference.
We know the difference between the fuel prices in Malta and those in Europe. Can we know how we are faring with the prices of the cooking gas (LPG) as well.
House prices were bound to fall within an overpriced selection.
Everything tends to find its natural level in a supply/demand market.