Buying a property in Malta is a wise investment. If you are looking to buy real estate in Malta and is on the hunt for an apartment for sale, you will certainly not be disappointed. With apartments accounting for most of Malta’s residential real estate areas, there are plenty to go around for everyone. Here are three main reasons why you should buy an apartment for sale instead of other Malta real estate.
- Compact size
When compared to larger houses, owning an apartment in Malta can be easier to manage, more energy efficient, and pack the same amount of bedrooms as a house – giving you more bang for your buck while also requiring less general upkeep and housework. If you’re short on time and money, this isn’t something you should neglect.
- Purchasing intention
Apartments for sale in Malta can also suit a variety of life situations, such as those of a first-time buyer looking to get on the property ladder and eventually upgrade, or those of a parent looking to downsize from a large empty nest to something more manageable. In the end, decide whether you merely require a temporary residence or something more permanent.
- Rental investment
Alternatively, if you don’t want to live in an apartment, it is a great rental investment for both short and long-term rentals. While you may find renters all year, letting your apartment is more profitable during the peak season, when a steady stream of tourists flock to Malta for the summer.
What’s the best location for an apartment in Malta?
As apartments are the most common property for sale or to rent in Malta, you will see such Malta real estate in almost any locality of your choice. Those along Malta’s most popular coastlines provide spectacular views of the sea and access to a wonderful promenade perfect for a morning run or an evening stroll.
Others can be located in semi-rural settings on the outskirts of a tranquil town or in the middle of the countryside, while those looking for convenience might prefer an urban apartment in the city centre, close to all the stores, cafés, and entertainment hubs.