Learn all about the six most popular types of homes available on the RE/MAX Malta property market when buying real estate in Malta and Gozo
In terms of real estate, Malta has a lot of potential homes available for sale or to rent to offer. Throughout Malta’s long history, it has been a favourite Mediterranean destination for holidaymakers who are drawn to its warm weather and distinctive culture. Making it an ideal destination for local and foreign investors to buy real estate for their personal use or for commercial purposes.
While the tourist appetite for short-let holiday rentals continues to grow, the local population is still a property-loving nation, with a large percentage owning at least one home in Malta and many investing in a second. The high demand has led to a wide range of different types of properties being available to suit whatever budget, style or requirements.
Malta’s buoyant real estate market is not just due to the local population’s love of owning multiple homes. Foreign investors also buy real estate on the island to make the most of Malta’s warm Mediterranean climate, European accessibility and international business connections, among many other attractive prospects.
Since the economy of the island also stays consistently strong compared to the rest of Europe, buying a property in Malta can be a secure long-term investment, with great opportunities for return.
Many independent real estate consumer surveys repeatedly recognise RE/MAX Malta as having the largest properties database in Malta. The wide range of properties covers a variety of different sizes and locations, making it easier to find the ideal home in Malta to fit your needs and vision. Here are six popular types of homes in Malta available for sale or rent for locals and EU or Non-EU property investors.
The demand for apartments for sale in Malta remains high. These convenient and affordable properties are ideal as holiday rentals or as second homes, due to their wide availability in locations across Malta from seafronts to city centres to SDAs. Since apartments may be found locally in most sizes and finishes, they are also a great choice for both working professionals looking for a studio penthouse and families who need a larger abode with multiple bedrooms.
Maisonettes are much like apartments in that they are just as widely available and offer the same comfort and convenience. The primary difference between these two property types is that maisonettes, while they are also usually set in complexes, have an independent front door and may include extra outdoor space.
Traditional townhouses in Malta typically have wooden balconies and original features, possibly with a small garden or courtyard. These houses evoke Malta’s rich past, while offering easy access to the amenities of their town locations.
Some houses of character in Malta may be up to 500 years old. These historic homes can be other property types such as townhouses or villas, but their past may be still visible in quirky features such as intricate stone architecture. While renovations tend to incorporate this original charm into their design, most houses of character have been restored ready for contemporary living. Read more about what to watch out for when buying older real estate in Malta or Gozo.
Maltese farmhouses are some of the most sought-after properties on the island. These spacious, centuries-old homes are scenically situated in the countryside they once tended, yet they are typically converted to a very high standard. While finished with a range of modern appliances, luxury farmhouses may also offer an on-site private pool or outdoor space.
Villas are niche properties served by a specialised RE/MAX Malta agent. These large, luxurious houses are set in their own grounds, with authentic Maltese architecture and sometimes centuries of heritage. Villas may be fully or semi-detached, with landscaped gardens or patio space and private parking facilities, among a range of other high-end extras.
The buying procedure begins with confirming your budget, which should cover not just the house price and deposit but other hidden expenses such as architect fees, renovation costs and stamp duty. With your budget, preferred location and wish list in mind, your RE/MAX agent will simplify the purchasing process and help you navigate your property search.
When you have selected your potential new home from the shortlist, you will also have our expert guidance as you make an offer, negotiate a purchase price, sign the ‘Promise of Sale’ agreement (known in Malta as a ‘Konvenju’) and complete the final deed.
Our outstanding service even extends to helping you in other aspects of buying a home in Malta, from furniture removals and cleaning services to recommendations for reliable local contacts regarding schools, contractors or internet providers.
Using our market-leading database, the latest real estate technology and our vast network of industry contacts across our global franchise, RE/MAX Malta is fully equipped to help you buy property for sale in Malta or Gozo and become a homeowner.
Our sales associates enjoy access to comprehensive Malta real estate training opportunities throughout their careers, via exclusive classroom and online training programmes, coaching and mentorship from renowned business leaders. We also encourage our agents to specialise according to fashionable areas or property types, while honing their expertise and staying updated with current market trends, so that they can continue to provide RE/MAX Malta customers – both buyers and vendors – with the finest service experience in the industry.
RE/MAX Malta can help you at every stage of buying Malta real estate, with an all-inclusive real estate service that takes the hassle out of homeownership. Speak to a member of the RE/MAX team today to start your journey to owning a place on the Maltese islands.