Since 2013, real estate in Malta has continued to rise. While it took a hit due to Covid 19 in 2020, the value of real estate still rose on average by 6.5%.
As a result, properties for sale in Malta have been a reliably good investment for those looking for a home or those seeking to capitalize on the market.
The PCW Malta Survey showed that there is still strong consumer confidence in the real estate market, which is “evidenced by the rate of real estate transactions experienced in the past months.”
Anyways, there are many reasons why buying real estate in Malta has been a historically good choice as well as a desirable investment to this day.
Foreign Attraction
One such reason is foreign attraction. Malta is a beautiful place to live in with both a historical and vintage feel as well as a modern feel depending on the location.
Tourism is an important part of Malta’s economy and still is despite Covid-19. As a result, having real estate in tourist-centric areas only increases its value and use to developers.
Even having a villa or maisonette in such areas can be rented out for premium prices. Some of the more popular villas in, for example, the capital of Malta—Valletta—going for $300 to $500 a night for two to four bedrooms!
For reference, the average price per square foot for an apartment in the city of Valletta is $786.89.
There is also a certain convenience to living in or visiting Malta. The biggest convince is that around 90% of those who live in Malta speak English. As a result, it can be a convenient spot for tourists and foreign entrepreneurs to live.
Housing Variety
Malta has its coveted villas and maisonettes but also more than its fair share of historic architecture along with more modernized designs. Here are the average prices for such real estate:
1. Villas and Houses
- 1 to 3 Bedroom Terraced Houses—$601,410
- 1 Bedroom Houses—$929,624
- 2 Bedroom Houses—$445,640
- 3 Bedroom Houses—$622,949
2. Maisonettes
- 1 Bedroom Maisonettes—$215,864
- 2 Bedroom Maisonettes—$285,574
- 3 Bedroom Maisonettes—$365,257
3. Apartments
- 1 Bedroom Apartment—$284,071
- 2 Bedroom Apartment—$313,087
- 3 Bedroom Apartment—$406,448
Location Diversity
Lastly, there is a significant amount of diversity in architecture, atmosphere, and experience depending on the location.
For example, St Julian’s is an economic and financial hub where contemporary architecture reigns supreme. On the other hand, Valletta is full of classical/vintage architecture and picturesque cafes.
Then there is Sliema which is located on a beautiful seafront and tends to both have classical and modern architecture throughout.
Because of the various types of properties for sale in Malta, it is easier to understand the value and potential value of the real estate and target a very specific buyer if your real estate is used for business purposes such as having it as rental.
Final Thoughts
All in all, Malta is a prime location to buy real estate as the prices of real estate are not only consistently rising, but foreign interest in Malta’s real estate is also rising.
