Learn all about how to find that special rental property in Malta and Gozo and the different types of homes available on the lettings market
With so many different types of properties for rent in Malta or Gozo available in the trendiest towns and villages, how are you meant to know where to start?
There is no doubt that renting a property in Malta for the long term can be just as much of a mission as it is buying one. And with so many different options available, it’s very easy to get lost – particularly if you’re not a local. The process of renting a home in Malta, however, works very similarly to that of renting a property abroad, and the options are just as varied.
Without a set budget and an idea of what you’d like to rent out, it’s very difficult to find the right place that meets both requirements. Here we are going to provide you with the valuable information so that you can make an informed decision.
Just like in any other country, property for rent in Malta ranges from studio apartments for rent in the heart of busy cities to vast luxurious apartments or villas to let overlooking the countryside or the sea.
A Studio / 1-bedroom apartment for rent will put you back a minimum of €450 per month in the outskirts of the main towns and can go up to €800 – €1200 per month. This would place you slapdash in the middle of town, within a luxury resort.
Apartments with 2-bedrooms for rent start at €600 per month, again located on the outskirts of the main towns. The higher you spend the further you will find yourself closer to the hustle and bustle. 3-bedroom apartments to let start at €750 per month and can soar to 000’s of Euros. The style and finishes vary depending on your set budget, though to assist you even further one should check out the latest featured homes for rent to get a better idea of interiors.
If you are looking for something that is more in the upmarket rental category, such as a 2/3-bedroom Villa with/out pool, in Malta you are looking at a minimum of €2000 per month, which will land you a standard villa without any bombastic modern features. From this point the sky is the limit and if you ever thought a small Island like Malta did not have the dream home your after, you will be proven wrong. On these Islands you will find anything; 4-century-year-old converted houses for rent, Victorian Terraced Homes, SKY Villas with infinity pool, triplex penthouses amongst other types of properties for rent in Malta or Gozo.
Some people know exactly where they want their rental to be, while others are not as fussed. This isn’t a prerequisite for finding a place, but it does affect the overall budget and outcome.
Property for rent in Malta in the main centre of the island such as St Julian’s, Sliema, Valletta and Ta’ Xbiex, for example, is more expensive than in other parts of the island; and, in some of them, the range of property is not as wide either.
Palazzos can be found in Valletta but are much harder to come by in St Julian’s (if ever), so knowing where you want to live can help you determine whether you will manage to get what you want for the budget you have.
You can find a special rental home in the countryside, or else on the Island of Gozo – unfortunately the sister Island of Comino only has one inhabited home.
Other main towns include Marsascala and Birzebugia which are located in the south of Malta whereas there are also popular towns in the North such as St. Paul’s Bay, Bugibba as well as Mellieha. Mellieha also has a luxury resort called Santa Maria Estate, which is close to the sea and contains several villas and bungalows for rent, some overlooking the sea.
The vast variety that is available is too difficult to include in this blog. Hence, we suggest checking out the trendiest locations of properties for rent in Malta and Gozo.
The length of the lease agreement is also of importance just as the time that you plan to come to live in Malta. If you are planning now it is recommended, in order to find a larger selection of homes for rent, to relocate between September and May.
During these months there are many other properties not tied up with shorter summer lets which provided for a better selection. This of course does not mean that the market is not fast-paced but you will tend to get some breathing space.
It is also suggested that you rent for a minimum of twelve months because you wouldn’t want your landlord to exercise their right to terminate your contract. By doing so, you will be able to set a rental for a longer period of time, regardless of the appreciation of the local rental real estate market.
Malta is a small island, but the problems of traffic and rush hour are encountered here, too. It’s important to keep in mind, therefore, just how long you’re willing to commute for each morning and evening. What’s also good to take note of is that the money you may be saving on rent could be spent on petrol later on. It’s not a crucial detail, we know, but definitely something you should ponder. If you are working here and receive an allowance you have to consider all avenues as you don’t want to be left out of pocket.
In reality, however, you shouldn’t encounter any problems when you’re looking to rent out a place in Malta for the long term. Indeed, there are now many properties for rent on the island but there are also professional Malta real estate agencies, like RE/MAX Lettings, that hire specialised associates, that will guide you through the renting process from the day you kick off your property rental search.