If you are wondering how much does real estate in Malta cost, then read on! We will take a look at prices in some of the most popular areas of the country, such as Gzira, St. Julian’s, Sliema, and Rabat. We’ll also look at some of the best places to buy property in Malta. Whether you’re looking for a villa or a small apartment, we can help you find what you’re looking for.
Gzira
How much does Gzira in Malta really cost? The average monthly cost of living in Gzira is $1,549 USD, which puts it in the top 27% of the most expensive cities in the world. In addition to rent, utilities, markets, transportation, restaurants, and sports and leisure, the cost of living in Gzira can also include the cost of a mobile phone.
St. Julian’s
Property in St. Julian’s is on the rise, and investors are seeing good returns on their investment. This area, with its traditional Maltese boats berthed in the harbor, is also popular among expatriates and iGaming companies. The town’s newest attraction is Paceville, a modern nightlife district that has become the center of activity for the locals.
Sliema
How much does Sliema in Malta actually cost? It is one of the most expensive cities in the world. Rent is the most expensive part of life in Sliema. However, you can find apartments that are cheap and share them with other people. Depending on where you live, renting an apartment in Sliema can cost around 1000 US dollars or 800 Euros a month. Keep in mind that all these prices are in USD and include VAT. Rent costs around one-third of a person’s income, and food is another significant expense.
Rabat
Property prices properties for sale in Malta can vary widely, but generally fall within the EUR140, 000 to EUR400, 000 range for a 3-bedroom apartment. This figure is significantly higher for luxury properties, but is still within the price range for most people. The most expensive neighborhoods are the upscale areas of Valletta, Mechanicville, and Half-moon. In general, apartments in these areas cost around EUR1, 500 per month.
Zebbug
If you are looking to buy real estate in Zebbug, Malta, then you have to keep a few things in mind. Zebbug is a charming town with an industrial history. The housing market is made up primarily of small domiciles in historic buildings and houses of character. It is a genuine slice of Malta’s history and lacks new developments. However, there are many luxury homes available in Zebbug that are priced well below the national average.
Gozo
Compared with the fourth quarter of last year, prices of houses in Malta are basically the same. While townhouses have dropped the most, penthouses, apartments and marionettes have almost the same prices. Houses with terraces, on the other hand, are on the rise. Malta is divided into six regions, each with a different cost. The southern region consists of the capital Valletta, while the northern region includes the major cities.
Renting in Malta is cheaper than in other countries
In Malta, renting an apartment can cost up to EUR1, 500 a month. Most apartments come fully furnished, and the average utility bill is just over EUR150. Rent in Malta is cheaper than most other countries in Western Europe. Property taxes are nonexistent in Malta, so you don’t need to pay as much as in the UK. However, the heat of summer is extremely high, and most buildings are poorly insulated in winter, so you may need to bring a sweater in the winter.
Conclusion
For many people, property ownership is in their DNA. In Malta, property ownership is a right that comes with a lot of responsibilities. Property ownership can be difficult to obtain, but it is still possible for individuals to purchase a property. Historically, Malta was a low-income area. Its population is over 10 people, and there are still many government housing projects throughout the island. Fortunately, Malta’s government changed the law in 2010 to make home ownership more affordable for the homeless. Since then, the country has experienced a resurgence of property ownership, albeit a slow one.
