New Property Market Report Sheds Light On The Maltese Market
Fl Dhaliathey recognize, that as one of the most established long-term names in the local real estate industry, they have a role to play in understanding and developing the wider real estate market.
Financial services firm Grant Thornton Malta and the real estate agency Dhalia have teamed up to present an insightful study on the Maltese real estate market, which for the first time presents a factual and in-depth understanding of this pillar. major economic development.
Real estate often represents the largest single investment in an individual’s life, as well as the largest measure of wealth in the balance sheets of most nations.
The Malta Property Landscape: A True Picture report brings together Dhalia’s high quality data on the real estate market and Grant Thornton’s analytical expertise. The findings of the study were presented at an event organized at the Sala Magazino in Valletta on 28 June, which saw the participation of stakeholders in the real estate and construction industries and local authorities. .
The event was opened by Grant Thornton Partner and Chief Consultant George Vella followed by Dhalia Executive Chairman Chris Grech.
The two industry veterans discussed what prompted the two organizations to work on this ambitious study of the property market in Malta and Gozo. The report combines different factors related to house prices collected by Dhalia’s network of agents.
In Malta, statistics for 2021 suggest an increase in the level of activity within the market and that 79% of people are now homeowners. This highlighted the need for additional information from which investors, analysts, policy makers, and financial institutions alike, can track and trust, to monitor economic activity and mark key trends.
While there are other reports out there, both Dhalia and Grant Thornton felt that there was still a gap not yet covered by these publications. The quality of the underlying data on which these statistics and reports depend is of critical importance.
When you develop this report, how are all things in the real estate industry, the devil in detail. Comparing changes in house prices over the years, where no two houses are the same and the conditions of each sale are unique, requires very specific data sets to take into account. careful similarities and differences.
This treasure trove of information was then categorized and analyzed by Grant Thornton’s data analysts with the result presenting a true picture of the property market, which not only takes into account the location of property but also the characteristics its specifics. This methodology made it possible to measure the rate of change in the selling and rental prices of housing units in the country over time.
Grant Thornton helped refine the data collected by the Dhalia team and developed a methodology that reflects a more elaborate and accurate market analysis. Coupling Of Dhalia market expertise and data from more than 65,000 property transactions and thousands of data points, with Grant Thornton’s analysis, are now publishing what they proudly consider the primary analysis for the local property market .
“This report seeks to understand the main determinants of the real estate market. Without a full understanding of the behavior and impact of these factors, it is very difficult for anyone to form any meaningful knowledge and opinions about this extremely important industry, ”commented Mr Vella.
Having timely and in-depth market intelligence on developments in the Maltese property market will enable policy makers, businesses and property investors to make informed choices. The full version of The Malta Property Landscape: A True Picture Report is a biannual publication available for purchase from www.maltapropertylandscape.mt and from the websites of Grant Thornton Malta and Dhalia, while an abridged version can also be downloaded.
In turbulent global economic times, where raw material costs are rising rapidly, this report is timely and more costly than ever. From any point of view, the real estate market is a significant indicator of a nation’s social, economic and political history, and with this publication, Dhalia wants to document and add value to that discussion.
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