How Much Do Apartments Cost In Malta?

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Why Buy An Apartment In Malta?

Malta apartments for sale are the most popular property type. There are many options available to suit every budget, location and size. You can find everything from small studios with lock-up and go to large seven-bedroom apartments in spectacular locations. Apartments are ideal for students, professionals, retirees, international travelers, and anyone looking for low-maintenance, secure living. A typical Maltese apartment has two bedrooms and a rectangular layout. There are living spaces at the front and bedrooms at back. The family bathroom is located half way between these two areas. However, the larger bedroom might have an en suite. There will be at least two balconies in a typical home. One from the front leads to the living room and one from your master bedroom at the rear. If you are looking for the latest apartments for sale in Malta, propertymarket.com.mt is the best platform for assistance.

Traditional Maltese Apartments

In contrast to other European countries, Maltese apartments have higher ceilings and are typically larger than the average. Because of the limited space on this island, the norm is to build higher apartment blocks. An apartment block used to have four to five floors. However, recent legislation has allowed for more floors to be added to existing blocks as well as the construction of tower blocks in high-rise areas.

Types Of Apartments That You Can Find In Malta

Malta apartments can be either old or new. Usually older properties have had many upgrades over the years. There are many properties to choose from, including bedsitters in popular areas for students and luxury apartments worth millions of euros. Affluent international buyers and locals alike prefer luxury apartments near beaches and promenades. These properties are close to restaurants, shopping areas, and other amenities. A permit is required for foreign nationals who are not citizens of the EU to purchase property in designated areas. This includes apartments.

The Rental Market For Property In Malta

The rental market has seen a surge in demand over the last few years. Demand seems to be unabated, with supply outstripping demand. Investors and speculators have seen their rental portfolios outperform other types of investments when they buy to let. This is because interest rates are low and financing a second or third property and renting it out seems like it will pay for itself. I-Gaming, finance and the IT industry are all looking for apartments in central areas. Apartments for rent or sale in Malta are a lucrative and thriving business.