{"id":1143,"date":"2017-06-11T15:01:47","date_gmt":"2017-06-11T15:01:47","guid":{"rendered":"https:\/\/www.tucanoprod.com\/?p=1143\/"},"modified":"2021-02-16T17:57:59","modified_gmt":"2021-02-16T17:57:59","slug":"rent-in-malta-apartments","status":"publish","type":"post","link":"https:\/\/tucanoprod.com\/en\/rent-in-malta-apartments\/","title":{"rendered":"Rent in Malta"},"content":{"rendered":"

We take a closer look at Malta’s property market, let’s see how to rent in Malta. How much is the rental fee? What kind of property can and should you rent? Contracts, real estate agents, market analysis… This little guide provides you with all practical information from Q2 2017.<\/span><\/p>\n

Let us start with the most important information. Rental fees and the additional costs are increasing hyper fast in Malta. It is affordable but was significantly cheaper a couple of years ago. Recently, it looks like that Malta will become the second Ibiza. I mean who works during the day sleeps in a van at night, and another one who works comes in the morning to relax. Meanwhile, the first person works again. Now, let me explain you why is it happening with property rental prices in Malta. <\/span><\/p>\n

Malta is a tiny island nation in the middle of the Mediterranean Sea. It means, the built-up area is limited by the sea. If the Maltese would increase the territory of the island, still the only billionaire could afford those lands. In the case, if you are a rich (HNWI) person, please contact me and I resolve your problems with pleasure. \u00a0<\/span><\/p>\n

As more and more foreigners choose Malta for living from the EU and third countries, the costs must increase for that limited amount of properties. Owners can rent their real estates so expensive in the main season that it is not even worth for them to rent it for the long term. <\/span><\/p>\n

When Airbnb launched its services, they offered only 24 properties, meanwhile, in 2017, you can choose from 3800 real estates. <\/span><\/p>\n

The costs of real estate renting in Sliema<\/strong> increased with 80%.This is quite awful, but not much better anywhere else. This is quite awful, but not much better anywhere else. For example, in Mellieha<\/strong>, the rental fee of a bedroom in 2010 was EUR 163, the same average for EUR 201 for 2016. In Mosta<\/strong>, which is not even a coastal resort and at least six years ago, the average rent for one room was \u20ac 173, but by the end of last year, it was \u20ac 291, according to Malta Today<\/a>.<\/span><\/p>\n

Buy a property or rent in Malta?<\/span><\/h2>\n

Buying real estate in Malta is terribly expensive. Especially when compared to the prices of other Mediterranean countries. Also, it was so inexpensive to rent that everyone preferred the cheapest option. In this post, I only share information on rental issues, but naturally, I know a lot of people who bought their dream or nightmare homes in Malta. Personally, I wouldn’t invest in Maltese properties because I can’t afford it and for the same price, you can buy beautiful places in South-Europe. However, it is your decision, and it can be a good idea shortly. When rental prices reach the heights of the mortgage costs, it will the better step at the end of the day.<\/span><\/p>\n

When should you rent an apartment in Malta?<\/span><\/h2>\n

Not in high-season.The long- and short-term rental market are different, but from May to September, owners can easily rent their what they have. In that time, you will rent at the worst price if you can find one.<\/span><\/p>\n

In Malta, commuting is a serious task. Living even only some kilometres away from your job can be difficult. If you work in Sliema, then it will be difficult to live in Bugibba. Moreover, because of this, you should rent something close to your workplace. And the rental fee can be easily the double of the same cost in the countryside. The same applies to Gozo, more than half of its population work in Malta. Of course, you can commute between the two islands. However, if a storm visits the country, then the ferry can take up to 2-3 hours (one way).<\/span><\/p>\n

In Malta, there are two overwhelming effects, both leading the market to tremendous price hike:<\/span><\/p>\n