Rental investments are becoming a popular choice for many people to park their assets. You benefit from the usual perks of owning a vacation home and of course the rental income is a great incentive.
Why Malta?
Malta has seen a boom in both its economy and the number of foreign nationals willing to take residence in the beautiful Mediterranean gem. As a result, there has also been a correlated increase in interest towards rental properties in order to keep up with the rise in housing demands. It’s becoming a growing hub for businesses and tourism. Experienced real estate investors have noticed the potential for significant returns.
The country also provides easy access to major European hubs as well as cities in Northern Africa so logistically it does make sense. Residents also benefit from a lower cost of living compared to other EU states, an unbelievably low crime rate, great weather and easy integration. Malta makes for a great peaceful place to stay for both work and play.
Where to Look?
Location is always the primary factor when looking to purchase a rental property. St. Julian’s and Sliema are usually the real estate hotspots, but they can also easily be quite expensive. A lot of the country is slowly but steadily opening up. Investors are now looking towards the northern and southern areas which still provide great locations, but with lower costs entry investment costs.
For absolutely prime locations, coastline villas are great. There has also been considerable interest in the areas of Swatar, Naxxar, Marsascala, Mellieha, Balzan, and St. Paul’s Bay. The island of Gozo also offers property picks that are slightly reminiscent of what Malta used to look like.
- Apartments
Apartments make for great rental investments as they form a staple of the housing available to both locals and expatriates in the country. There are numerous choices for apartment rental investments. And penthouses are also in good supply. Apartments make for great investments to rent out to people who are looking to stay in the country from the medium to long term, and at times they also appeal to extended stay tourist crowd.
- Holiday Villas
Nothing beats prime holiday villas. The privacy and space that you get is definitely worth it and some pieces of property even offer spectacular views. Pembroke makes for a great location with access to the beautiful coastline and wonderful sights. They’re attractive rentals for tourists and for anyone who wants a little luxury. The villas by the coast are great choices as they allow their residents an opportunity to enjoy the warm water that these locations are known for.
Tips
- When shopping for apartments you have to take into account the weather. The sun shines for 300 days each year in Malta, and top floor apartments can get really hot in the summer. Ground floor apartments on the other hand can be prone to humidity.
- Always make sure that you have an expert with you to check for structural needs and ensure that the property is worth its price tag.
- And this cannot be stressed enough: location matters. Location can be a determinant of how much you can rent a property out for and how much your ROI will be.
Malta is a little country with big things to offer. It is a high-end luxury travel destination with its rich cultural history, scenic landscapes and beautiful surprises hidden in every nook. It is no surprise that holiday rental investments steadily becoming a mainstay in this picturesque nation. They are certainly paying off.
