The 8th edition of the Construction Industry and Property Market Report prepared by KPMG and commissioned by the Malta Development Association, brings together the latest data, insights from industry stakeholders, and KPMG’s own property market database results.
The study and conference have been supported by: Property Malta, Bank of Valletta p.l.c, BNF Bank p.l.c., FCM Bank Ltd., and HSBC Bank Malta p.l.c.
During 2024, Malta’s property market delivered mixed results, yet an optimistic outlook prevails. Residential property prices saw healthy, stable growth, reflecting a robust sector. Meanwhile, the residential rental market has strengthened significantly, reflecting robust demand. In the commercial office space market, emerging opportunities could attract diverse business needs and support the evolving dynamics of the sector. On the construction side of things, the industry contracted in real terms for the second consecutive year, though it remains an important pillar of the economy generating significant value add and employing thousands of workers. Many stakeholders view this as an opportunity to shift focus towards quality, professionalism, and alignment with Malta’s evolving regulatory landscape. While this is essential, this period of recalibration must ensure that the industry is also seamlessly aligned with Malta’s new socioeconomic priorities and climate ambitions.
