The property market in Gozo have been more or less at a standstill the last couple of years ( from about 2009 ). Smaller property developers have got into problems and banks are taking over more and more projects that was never sold.
This is the reason why its now possible to buy at a decent price, but we aware, most sellers will still ask 30-40% over market value so make sure you get an good idea of the real value.
Keep in mind that even the government of Malta is trying to keep the prices high and make people think that market is stable, this is the reason why the national statistics office base their statistics on “asking price” rather then the actual sales price!
Bear in mind that difference between askingprice and actual sale price can be anywhere between 20-70%!