Genuine question, I'm intrigued.
Here in London, I could put my place up for rent NOW, and within a day, I could have the rent for a year and I'd pretty much guarantee someone offering me to buy it outright from me, cash. The market here is CRAZY. And, it's understandable.
I've spent the best part of 2 hours tonight, looking at various letting agencies and I'm amazed just how many places are available to rent all over the island.
I've seen loads of posts offering advice about coming to Malta, paying for 2 week in a hotel with an almost guarantee of finding a long-term let within that time. At first I thought "Narrrr, you guys are way too optimistic", but I'm starting to believe you more and more.
So WHY is there so many properties to let? Do all the Maltese live/work elsewhere? Is the island full of expats?
I'm not talking about a lot of small little places that need a lot of work, I'm finding dozens upon dozens of REALLY nice looking places, sea views, lovely kitchens, big bright rooms, all available.