Apartments for sale in Malta are the most readily available property type. The choice is endless and can suit any budget, size requirements or location. Apartments can be anything from a small lock-up-and-go studio to a large 7-bedroom apartment in the most spectacular of locations.
Apartments are the most suitable for professionals with busy lifestyles, the international traveller, students or even retirees looking for secure, cluster living and low-maintenance. The typical Maltese apartment will have a layout of two bedrooms in a rectangular layout with living spaces on the front and bedrooms at the back. Family bathrooms are located almost always half-way in-between these two areas while the larger bedroom may have an en-suite. Generally one will find a minimum of two balconies, one from the front leading off the living area and one from the master bedroom at the back.
Traditionally, Maltese apartments are larger than average and have high ceilings, in contrast to their counterparts in other parts of Europe. Space on the small island is at a premium, therefore the norm of building higher and higher apartment blocks are on the increase. Traditionally an apartment block would have been four or five floors, but recent legislation paved the way for many floors to be added to existing blocks and for the construction of high-rise tower blocks in certain areas.
Apartments in Malta can be of age or brand new and usually older properties would have seen several upgrades by their owners over the years. The choice of properties available range from bedsitters in areas popular with students, to luxury multi-million euro apartments. Luxury apartments located on or near the beach and promenades are favoured by affluent locals and international buyers alike, as it is usually close to popular shopping areas and restaurants and idyllic for supporters of Café society culture. Foreign nationals from countries that are not part of the EU are required to apply for an AIP permit when purchasing a property outside Designated Areas and this includes apartments.
When it comes to rentals, demand has soared over the past years and seems unquenchable, with demand outstripping supply in the medium to upper medium rentals market. Many speculators and investors have seen their rental portfolios outperform any other type of investment when buying to let, as interest rates are low and the financing a second or even third property and renting it out seems to pay for itself.
Contract workers in the field of finance, I-Gaming, the IT industry and thousands of students that attend the many international language schools here during the summer, are always on the lookout for apartments in central locations. This has made apartments for sale or rent in Malta a thriving, lucrative business.