A Guide to Renting Property in Malta
Renting property in Malta is extremely simple. Foreigners coming to Malta, be it on a work appointment, to retire or to take up residency on the island, can rent a property with no restrictions.
Rental rates are extremely reasonable and vary depending on location, type of property, standard of furnishings and duration of tenancy. It is often the case that properties are rented furnished including fittings & appliances, however, we do have a good selection of properties that are available unfurnished. Rates for water, electricity, internet and TV are not normally included in the rental rate if it is a long-term (normally defined as four months and over). These expenses are borne by the lessee on a consumption basis.
Malta and Gozo offer a great selection of properties to let located across the islands, suiting all budgets, tastes and lifestyle requirements. The Inner Harbour region, including St Julian’s, Sliema and Msida are most popular for those looking at working in Malta. Those who prefer to stay away from the hectic city life will find inland, western and southern Malta more appropriate, such areas offering a more relaxed lifestyle and a more authentic feel of the island. Gozo also offers its share of properties, particularly popular for holiday breaks and as a retirement destination.
All towns in Malta are well equipped with all necessities for day-to-day living offering a good selection of shopping centres, department stores, health centres and clinics, entertainment hubs and so on. The islands also boast of a dynamic night life and ample beaches. In terms of properties, these range from standard apartments to town houses and houses of character; from seafront developments to villas and bungalows with large gardens and pools. There are no particular expenses relating to the letting of property, except for estate agents’ fees which normally amount to half a month’s rent, plus VAT. It is common practice to lodge a sum equivalent to one month’s rent with the lessor as a deposit against breakages and outstanding bills. The deposit is refunded to the lessee upon the termination date of the lease, or is offset against any pending bills or damages to the inventory as agreed between the parties.
HOW CAN WE HELP?
Whether you are a Maltese national or whether you are a foreign national moving to a new country is quite an endeavour, be it setting up business or relocating yourself and possibly your family to a new environment. We understand the significance of such a step that we have a dedicated team of consultants who have the necessary know-how and contacts to facilitate your move. We will also assist you in coordinating and managing any services that you may require.
In the case of letting and sales of unfinished or unfurnished property, our associates in Malta can also assist you in completing your future home, through their after-sales consultancy unit.
If you are looking at setting up business in Malta, we can offer you advice on how to go about such a strategic decision. We will help you identify the right location and the best suitable office premises and will also help you finish the office space to the highest specifications. Together with our legal and financial associates we can offer you full advisory services on legal and taxation matters and on other related matters.
Once we know your requirements, our letting consultants will accompany you to view a selection of properties and once a property to your liking is identified, you will be introduced to the landlord and arrangements will be made to sign the lease agreement. This tends to be standard in nature and arrangements can be made in a very short time, even on the same day of viewing the property if necessary.
Should you wish, you can also pre-rent your preferred property over the internet, thus ensuring that the property is readily available upon arrival on the islands.
We can also assist you with:
- setting up TV, internet and telephony connections;
- setting up computer & IT requirements for commercial entities;
- making arrangements for taxi service, car hire and car leasing.
To find out more contact us today.
Rental rates vary depending on location, type of property, standard of furnishings and length of tenancy. In most cases properties are rented furnished, however, we do have a good selection of unfurnished properties. In the case of long lets, water, electricity and TV rentals are the liability of the tenant and are charged separately.
Rent is normally paid monthly in advance. Estate Agency fee is equivalent to one month’s rent (plus VAT), which is shared equally between landlord and tenant. A refundable deposit also equivalent to one month’s rent is normally lodged with the landlord to cover breakages and outstanding bills at the end of the lease.