If you have chosen to relocate in Malta, you will probably have to find accommodation. Here are some tips to guide you through your search.
Finding accommodation abroad is never an easy task. But if you have chosen to move to Malta, it should not be too complicated either. Indeed, Malta has a developed rental market, providing a range of accommodation options despite being the world's smallest archipelago. You should not have much trouble in finding the ideal place to settle down with your family, according to your needs and budget. But first of all, take the time to inquire on different cities and neighborhoods and on rent prices before choosing.
Valletta, which is Malta's capital city, is a rather affordable place to live. In general, you will need around 500 euros to rent a single-bedroom apartment in the city-center against 370 euros for the same type of apartment in the outskirts. For a three-bedroom apartment, you will need an average of 800 euros in the city-center against 620 euros in the outskirts.
In Sliema, on the other hand, rent prices are slightly higher. Indeed, a single-bedroom apartment will cost around 560 euros in the city-center and some 400 euros in the outskirts. To rent a three-bedroom apartment, you will need around 960 euros in the city-center and some 680 euros in the outskirts.
Good to know:
Due to the growing number of incoming expatriates in Malta, the demand has been rising since a few years. Subsequently, rent prices have increased by an average of 15%.
Types of accommodation
You are likely to find different types of accommodation in Malta: furnished and equipped housing units as well as unfurnished ones. You can have a better picture by typing the following keywords in your search engine: “letting agencies Malta”, for instance. And why not seek the help of a local real estate agency? In fact, these can better help you find accommodation as per your criteria and budget.
Social networks, as well as classified ads on the Internet and in local newspapers may also help. You can hence contact owners directly, which will be a better way to negotiate lease conditions and rent prices.
You are advised to settle for an official rental, that is a legal lease contract listing both parties' rights and obligations. The lease documents should also include means and terms of payment, bills and services (electricity, water, TV and Internet), the lease duration, notice prior to the lease term's expiry date, rules regarding the use of common spaces, additional services provided by the lessor or owner, etc.
Remember to conduct an inventory before moving to your new accommodation. Feel free to request the owner for the housing unit's Energy Performance Certificate as well.
You are required to pay a security deposit which is equal to a month's rent which will be refunded to you at the end of the lease contract if not renewed. You will also have to pay a month's advance rent.
If you have found accommodation through a real estate agency, you also have to pay a property tax which is generally equal to half a month's rent.
A maximum of 6 months lease is deemed to be a short-term lease. Beyond 6 months, it is considered as a long-term lease. The end of the lease can be negotiated with the owner.
Make sure to verify has an authorization to let accommodation. This document is available at the Ministry of Tourism. Note, however, that an owner who does not have this authorization is not considered as illegal.
Besides this authorization, the owner also has to subscribe to a housing insurance which provides coverage in case of natural calamities, floods, voluntary damages, theft, etc. He must also be registered at the Inland Revenue Department for value added tax (VAT) and income tax.
Finally, lessees can request for assistance from the State in terms of rent under specific conditions.
Expat.com – Housing in Malta
Expat.com – Accommodation in Malta Forum
Housing Authority Malta housingauthority.gov.mt
Times of Malta www.timesofmalta.com
FindIt – Directory of real estate agencies www.findit.com.mt