Most Affordable Places To Buy Property In Malta
Malta’s warm Mediterranean climate, high living standards and fresh, delicious seafood, make this beautiful island archipelago a popular spot for British retirees, as well as expats looking to work and play in the sun.
Both EU and Non-EU citizens can buy property in Malta. An AIP (Acquisition of Immovable Property) permit allows non-EU residents to buy property in Malta. Property prices have remained resilient despite the pandemic, but there are still bargains to snap up. Here are the most popular areas for property buyers on a budget.
Sliema
Sitting at the top of a peninsula, with stunning views of Valletta to the South, Sliema is part of Malta’s primary coastal resort, St Julians. Lots of trendy shops, cafes, restaurants and modern hotels have made this area a tourist haven. Property prices start at around 180,000 euros for a 1 bedroom apartment and new development opportunities are also available.
Msida
A harbour town located near the capital Valletta on the northeast coast of Malta. Originally known as fishing village, it is now more commonly associated with the University of Malta. Msida has an attractive yacht marina and areas such as the Villambrosa District still have the look and feel of Msida of old. In Msida you can grab an maisonette or apartment for as little as 130,000 euros!
St Paul’s Bay
A village located in the north of Malta along its northern coastline. A quieter town in comparison to its neighbours, St Paul’s Bay still retains some of Maltese village life due to the high numbers of Maltese people living in the area. You get a lot of property for your money in St Paul’s Bay with two bedroom apartments available from 150,000 euros
Mellieha
Overlooking Malta’s largest sandy beach, Mellieha is one of the northernmost villages of the main island. It is a more rural and quiet part of Malta, popular in the summer with both locals and tourists. Properties are slightly more expensive than St Paul’s Bay due to the towns proximity to the popular Mellieha Bay beach. However, you can still find furnished two-bedroom apartments within walking distance of the sea starting at 185,000 euros.
Mgarr
The town is famous with the Maltese for one of the best places to enjoy ‘stewed rabbit’ and ‘snails in garlic’, Maltese specialities. The village itself is tiny, but the Mgarr coastline itself extends from Fomm ir-Rih to Ghajn Tuffieha Bay, which has beautiful swimming spots, azure waters beneath steep cliffs and golden sands. You can find one bedroom apartments in this beautiful area for around 185,000 euros.
Marsaxlokk
A picturesque fishing village located in the south-eastern part of Malta the town offers some of finest fish restaurants on the island. You can enjoy swimming in untainted and secluded beauty spots. Yet enjoy local nightlife with a walk along the promenade. There are still deals to be had, with a one bedroom maisonettes starting from 170,000 euros.
Marsalforn
An area of incredible natural beauty and one of the most popular villages on the island of Gozo. The second largest of the Maltese islands, Gozo is much quieter. Marsalforn has a wide choice of restaurants and bars as well as beautiful swimming spots. Amazing deals can be found here with two bedroom apartments from as little as 117,000 euros!
Xlendi
Until the mid 20th century the idyllic landlocked bay of Xlendi was a small fishing port and summer resort for Maltese locals. Often regarded as a must-visit place for tourists travelling to Malta its character has remained intact. If you prefer a quieter life in a modern property there have been some keenly priced new development projects in the area, with a shell form maisonettes starting at 99,000 euros.
Here to help...
As you can see from the examples above, although prices in Malta and Gozo have gone up in recent years there are incredible bargains to be found in some of Malta’s most beautiful areas. If you would like help finding your dream property, just tell us about your requirements.
