Malta has been one of the most desirable destinations when it comes to buying real estate or rental investment. This beautiful island attracts many people every single year. Even now, during the Covid 19 pandemic, statistics show that Malta is one of the top destinations which tourists from the UK plan to visit in the next 12 months.
It’s not uncommon for people to come to the island of Malta and Gozo just for a few days in the sun, but then fall in love with the place and end up buying a place short after. Of course, they have different needs. Some are looking for a luxurious place next to the busy spots like Sliema and St Julians, while others are searching for a quiet home with lovely country views.
You have undoubtedly heard the famous saying that there are only 3 things you need to consider when buying a property – Location, Location and Location.
Yes it sounds like a cliche, but the more time you spend researching an area the more likely you are to make the right decision.
If you have chosen the South for your new property in Malta it clearly shows that you want to experience the real, authentic life on the island. And to make things even easier for you we have compared the prices of 5 types of homes in 5 different locations to help you pick the right one for your budget.
Starting with one of the most popular – Apartments. The prices of these modern homes in very convenient locations are as follows: The most expensive ones are in Siggiewi. There a 2 bedroom one would cost you around 265K Euros. Whereas in locations like Marsascala, Qrendi and Qormi the prices are between 213-235K. If you are tight on budget, then Zurrieq is your place, where a 2 bedroom apartment is sold for just 188K!
Next are the traditional for Malta Houses of Character, that are full of magnificent features you will fall in love with. This time Qormi has one of the cheapest ones (357K), followed by Zurrieq (468K), then is Qrendi(600K), Siggiewi (770K). The most expensive Character properties in South Malta are in Marsascala with prices above 1.4 M Euros.
When it comes to Penthouses the prices in Zurrieq and Qormi are around 260K and for 340K you can buy one in Siggiewi or Marsascala. For the ones in love with the atmosphere in Qrendi, prepare around 440K.
Maisonettes are with pretty much the same prices in all locations. A lovely maisonette with 2 bedrooms in every of the locations above costs around 210-250K, making them one of the most desirable types of homes in the island of Malta.
How about Houses? Well, here the type of the house plays a key role. First of all choose whether you need a Terraced House, a Town House or you prefer the privacy and luxury of a Villa. Such a luxurious property in Zurrieq and Siggiewi can cost you like 4M. However, houses are nowhere near this stunning amount of money. For example, just for 185K you can get yourself a 2 bedroom house in Marsascala. In Qormi and Zurrieq prices go higher – 200 to 300K, depending on the amount of bedrooms in the house. And the most expensive ones are in Qrendi and Siggiewi.
To sum up, the South of Malta offers a wide variety of different types of homes. The real estate market there is suitable for all budgets. Zurrieq is one of the cheapest locations for Apartments, but when it comes to villas their prices go up to the sky. On the other hand, Marsascala is perfect for the house-lovers. Qrendi can be listed within the list of the most expensive places in the South, so take in mind this when buying a property there.
Leave a Reply