Do Affordable Apartments in Malta Still Exist?

With Malta’s booming real estate market, the question on many prospective buyers’ and renters’ minds is: “Do affordable apartments in Malta still exist?” The short answer is yes, but they are becoming increasingly harder to find. However, with the right strategy and knowledge of Malta’s property landscape, you can still find a home that fits your budget.

1. Explore Less Touristy Areas

While popular areas like Sliema, St. Julian’s, and Valletta command premium prices, more affordable apartments can be found in the central and southern regions of Malta. Towns like Qormi, Birkirkara, and Żabbar offer a more local experience, with lower rent and sale prices compared to the bustling tourist hubs.

2. Consider New Developments in Emerging Areas

Malta is continuously expanding with new residential developments cropping up in less central areas. Places like Marsascala, Fgura, and Mġarr are growing in popularity and offer more competitive prices. These developments often come with modern amenities and infrastructure, making them ideal for first-time buyers and those seeking affordable homes.

3. Negotiate Wisely

In Malta’s competitive property market, negotiating the price can still work in your favor. If you find a property that stretches your budget slightly, don’t be afraid to negotiate. Sellers and landlords might be open to discussions, especially if the property has been on the market for some time.

4. Seek Professional Advice

One of the best ways to find affordable apartments is by working with a trusted real estate agency like Sara Grech Real Estate. Their experienced agents have insider knowledge of the market and can help you identify hidden gems or properties that might not be widely advertised.

5. Opt for Smaller or Older Properties

Newly built apartments with luxury finishes naturally come at a higher price. If your priority is affordability, consider opting for a smaller or older apartment. Renovating an older property can be a more cost-effective option, allowing you to add value to the property over time.

Affordable apartments in Malta still exist, but it requires patience, smart decisions, and a willingness to explore areas outside of the usual hotspots.