Whether you are in Malta for business or leisure, the good news is that if you are looking for garage there are plenty of it that you can either rent or buy easy. Read our tips

Need to buy or rent garages in Malta? Here is what you need to know

Garage in Malta

Malta has become a popular destination, especially among retired foreign nationals and expats. Many are spending a prolonged vacation in this gorgeous Meditarranean island, others are establishing a business locally, or looking forward to retiring in this country. Whether you are in Malta for business or leisure, the good news is that there are plenty of real estate properties that you can either rent or buy.

Let’s say that you manage a business or are currently renting an apartment in Malta. The Maltese's love for cars makes parking a problem especially in the areas of Sliema,Gzira and St. Julian's. Being one of the countries with the highest number of licenced motor vehicles for its population, having a garage has become a very much needed luxury. If you do not want to waste time looking for a parking space close to your home or business premises, the solution would be to rent a garage or find one that you can buy. When you buy a garage, there are two possible purposes: storage or parking.

For storage

If you have a business and you rented quite a small office space, you would need somewhere to stow your office supplies and other items you might need for your day-to-day operations. This is when owning a garage comes in handy. You can use the garage as a secure storage area; just make sure that it has certain security features like it being enclosed and locked.

For parking

If you have a car, you naturally want somewhere close and secure to park your vehicle. This might be a problem in certain residential areas or highly commercial localities. If you are renting property in an apartment block, it may not necessarily include parking privileges. You might also have an office situated in a very busy area where parking might be tricky. Since the office is a place you will visit very often, it makes sense to rent or buy a garage. The good news is there are plenty of garages in Malta that you can rent or buy.

Questions you need to ask when renting or buying a garage in Malta

Whether you are using the garage for parking or storage, you need to do your research and make sure that you are getting your money’s worth. The following are a few questions that you need to ask:

  • Which city is the garage located in?
  • How many cars can fit in the garage?
  • Which level is the garage located in?
  • Does it have easy access to the street?
  • What is the floor material? Is electricity available?
  • How secure is the garage space?

Next, how would you know which garage space is available? Whe you visit reputable websites such as realestates.mt, you will be aware whenever new garages for rent or sale become available on the market. You will need to consider your budget, the length of the lease, the size of your car, or the total area if you are using it for storage. Sometimes you can also negotiate with the owner who is leasing the garage in order to obtain a better rate.

Whether it is for storage or parking, renting or buying a garage in Malta can be easy if you do your research first. This way, you can find one that will suit your needs and budget to a tee.

FAQ

If you are looking for a garage for rent or sale, you should always consider the length of the lease. In Malta, anything more than six months is considered a long-term lease.

Once you find a suitable garage to rent, a contract will be set up between the two parties: buyer and seller.The payment terms and other details will be specified on the contract. Also look for clauses for advance rental, deposits, how to terminate the lease, etc.

A six-month garage rental contract will require you to make an advance payment of one month. A deposit is also required, along with other fees like agency fees, VAT, and similar fees which are based on local real estate laws.

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