Malta is an amazing place with lots of things to do, a great economy, and a nice temperate weather. Those factors have made it a very desirable place to live and work. As a result, the demand for Malta real estate has drastically increased over the last 10 years or so. As we know about real estate markets, when demand goes up, so does the price.
This has had a wonderful effect for the average property owner in Malta, but a not so great effect on someone trying to pay rent there. Yes, it’s true–many people are benefiting from increased wages and improved standard of living. We’re not saying that people are struggling to get by, but let’s suffice it to say that there are still people out there looking for affordable flats to rent in Malta.
There is definitely a market for those who want to live affordably in Malta, as some areas of the tiny country have been praised for citizens’ ability to live on very cheap rent and other cost of living expenses. One of the best ways to get an affordable flat is to look for long term rentals in Malta and leverage the length of your stay into a better rate. We’ll show you more of what we’re talking about!
Influx of Businesses
One of the main demographics that you’ll see come looking for long term rentals and affordable flats in Malta is the traveling business professional. Because Malta is so friendly to businesses and outside investors, there are many huge companies that have chosen to put headquarters right here in Malta. This saves them money and the Malta government appears to be happy to have them here because of the boost that they are able to give to the local economy.
Since there are so many businesses in Malta, there are a lot of business men and women traveling there to work. If they are going to be there for an extended period of time, they are going to want an affordable living solution.
Luckily, there are many affordable flats located in Malta that can allow someone to pay rent for as little as 400 euros a month, as long as they are willing to stay in a basic 1-room apartment that isn’t a fancy penthouse in a huge building. It’s entirely possible for those who are on extended stays to live very affordably and comfortably in Malta.
This influx of business expats has both increased the demand for real estate and opened up some new opportunities for such people looking for an affordable long term rental. There are now many housing options aimed at business travelers who need to stay in Malta for a few weeks or months at a time and cannot commit to purchasing a home or apartment for the long-term.
While Malta has become something of a paradise in the past decade, it remains true that you can live in Malta affordably if you are willing to make minor sacrifices. There are plenty of affordable flats to choose from in Malta should you need to get a long-term business, vacation, or retirement rental in this beautiful country.