Buy or rent a flat - What you need to look for

Flats in Malta

If you would like to buy flats in Malta or enter an agreement where you can long let one (a contract where the property is leased for at least six months), in this article we outline a list of factors to consider when looking for the right one.

Factors to Consider

Flats (otherwise known as apartments) are found in great abundance in the Maltese market. Previously the main housing options on the island were townhouses and terraced houses. Lately, due to the increase in population, the Maltese have been building blocks of apartments to accommodate a number of families in an area previously occupied by one. This type of property  in Malta comes in different shapes and sizes, with those situated higher up the block selling or being rented at higher prices than those on the bottom floors. Since they make use of a common entrance, the apartment owners generally share the associated maintenance and upkeep costs. Newly built ones generally are serviced with a lift, but older ones might lack this feature - something you would need to take into consideration if you are eyeing one on the topmost floors. Budget, location, number of bedrooms and bathrooms, total area, the availability of a balcony or terrace: these are other things that you would usually consider when looking for a flat to rent or buy.

Budget for renting or buying

If you are working with a real estate agent keeping your ceiling budget in mind you can find the best place that you can afford. If location is not a problem, you can go for cities where the real estate rates are lower, so that you can rent a bigger apartment within the same price range. A real estate agent can show you which apartments best fit your requirements. If you use realestates.mt, you can browse through the local selection being advertised by agencies, while being also able to view those properties for sale or rent directly from their owners.

Conditions of the place

Moving into a new house is exciting and stressful at the same time. When viewing a flat you wish to rent or buy, keep an eye open for the condition of the place first. Is it brand new, used, furnished or half-furnished? Are you ready to spend money on renovations, or maybe a new paint job if you are considering buying a relatively cheap apartment that you feel has great potential? On the other hand, you can always invest in a brand-new property with its advantage being that it is finished to suit your personal tastes and needs.

The legal process of renting or buying a Flat in Malta

Let us say you found one of your liking. How does the legal process of acquiring the property go? If you are working with an agent, you should find out how long it has been on the market. Are there other potential buyers? Schedule a viewing of the property so that you can have a feel of what the neighbourhood and the flat itself is like. Be firm with your ceiling budget because if you go overboard, you might run into monetary problems later on. Once your offer is accepted, make sure that everything is in perfect legal order, whether you are buying or renting the property.

True enough, nothing’s more exciting than the prospect of acquiring new real estate property, whether it is rented or bought. If there is one that you wish to acquire, it would greatly help to do thorough research so that you can find a unit that is best suited for your lifestyle, budget, and even your personality.

FAQ

Flats and apartments are two terms which are used interchangeably, depending on the region. The first one is a term that originated in the UK while in the US, apartments is more commonly used. On this island, they mean the same thing.

Studio apartments, one-bedroom flats or maisonettes are probably the cheapest options to choose from if you are buying or renting real estate property in Malta.

For this, you can get some help from a reliable real estate agent who will let you know about the available property on the market.

1.000€

One Bedroom Apartment – St Julians

ST JULIANS – Located on Birkirkara Road, this brand new...
1 bed
1 bath
1.200€

Three Bedroom Apartment – Mosta

MOSTA – This fully furnished and well-finished apartment is situated...
3 beds
2 baths
1.600€

Two Bedroom Apartment – St Julians

ST JULIANS – Located near Balluta, this inviting two-bedroom apartment...
2 beds
2 baths
1.200€

Two Bedroom Apartment with Garage – Gharghur

GHARGHUR – This charming two-bedroom apartment is available for rent...
2 beds
2 baths
1.500€

Three Bedroom Apartment – Qawra

This highly finished three-bedroom apartment, available for long-term rent only,...
3 beds
2 baths
1.400€

Two Bedroom Apartment – Gharghur

GHARGHUR – This spacious, modern apartment is located in a...
2 beds
2 baths
1.300€

Two Bedroom Apartment – Gharghur

GHARGHUR – Brand new and never lived in, this two-bedroom...
2 beds
2 baths

One Bedroom Apartment – Swieqi

**One Bedroom Apartment for Rent in Swieqi** Discover comfortable living...
1 bed
1 bath
1.000€

One Bedroom Apartment – Swieqi

The 1-bedroom Apartment consists of 1 bathroom with shower, bedroom,...
1 bed
1 bath
1.199€

Two Bedroom Apartment – Attard

Experience comfortable living in this charming two-bedroom apartment in Attard,...
2 beds
1 bath
1.250€

Studio Flat – Madliena Village

Welcome to this fully furnished studio apartment in the prestigious...
1 bed
1 bath
1.400€

Two Bedroom Apartament with Study – Marsascala

Discover this beautifully finished apartment in Marsascala, featuring two bedrooms,...
3 beds
2 baths
1.200€

Two Bedroom Apartment – St Paul’s Bay

Discover modern living in this furnished apartment located in the...
2 beds
2 baths
1.500€

Three Bedroom Apartment – Birkirkara

Experience modern living in this very spacious three-bedroom apartment in...
3 beds
2 baths
1.800€

Three Bedroom Apartment – Msida

Introducing a brand new, designer-finished three-bedroom apartment for rent in...
3 beds
2 baths
1.350€

Three Bedroom Apartment – Mosta

Spacious and modern apartment available for rent in the charming...
3 beds
3 baths
1.600€

Three Bedroom Apartment – Sliema

Discover a this apartment for rent in the heart of...
3 beds
2 baths
1.900€

Two Bedroom Apartment – Fort Cambridge, Sliema

Located on the 7th floor of the prestigious Fort Cambridge...
2 beds
2 baths
1.450€

Two Bedroom Apartment – Msida

This spacious and bright 2-bedroom apartment in Msida is available...
2 beds
1 bath
2.000€

Three Bedroom Apartment – St Julian’s

Discover this spacious and elegantly furnished 3-bedroom apartment in the...
3 beds
2 baths
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