If you’re in the market for a new apartment for sale in Malta, now is the perfect time to consider purchasing from up-and-coming developments in central areas of Malta. These new developments offer a range of modern and luxurious apartments in some of the most sought-after locations on the island.
Several new apartment complexes are currently under construction in central areas, like Mosta, Lija, Naxxar, Balzan, Swieqi and Mellieha. These new developments offer modern and luxurious apartments in sought-after locations, with easy access to all the amenities Malta has to offer. These new apartments for sale in Malta are attractively priced with prices to suit first and second time buyers’ budgets.
It’s worth mentioning that many of the new apartments for sale in Malta are being built by established developers. These developers have a proven track record of delivering projects on time and to a high standard.
THE BEST LOCATIONS TO BUY IN MALTA
The best place to buy an apartment in Malta depends on your personal preference, budget, and lifestyle. Here are some factors to consider when choosing a location:
- Budget: The cost of apartments can vary greatly depending on the location, so it’s important to establish your budget before you start your search.
- Lifestyle: Consider the lifestyle you want to have in Malta. If you enjoy a vibrant nightlife and want to be in the heart of the action, a place like St. Julian’s or Sliema might be more suitable. If you prefer a quieter pace of life, a place like Mellieha or Gozo might be a better fit.
- Proximity to amenities: Consider the proximity to amenities such as supermarkets, restaurants, cafes, and public transport. If you don’t have a car, you’ll want to make sure you can easily access these amenities on foot or via public transport.
- Views: Malta has stunning views of the Mediterranean, so consider whether you want an apartment with a sea view or a view of the countryside.
- Property type: Consider whether you want a modern and luxurious apartment or a more traditional apartment in Valletta or the older towns on the Island.
THE PRICE OF AN APARTMENT FOR SALE IN MALTA (according to location)
An estimated guide of the price of apartments for sale in Malta as of the beginning of 2023 can be seen below. The following can only be a rough guide as many factors play into a property valuation. These include the condition of the property and the exact location; whether the property enjoys a view or is in a particular street or development. Specially Designated Area projects tend to increase in value. The estimations below are for a standard finish with no view or specific area of interest. Higher end apartments in special areas can fetch prices two or three times the values indicated below.
Location 1: Sliema, St Julians, Valletta,
2 beds : €300,000 to €450,000
3 beds: €450,000 to €750,000
Location 2: Swieqi, Ibragg, Madliena, San Pawl Tat-Targa
2 beds: €280,000 to €350,000
3 beds: €350,000 to €500,000
Location 3: Most other cental locations, including but not limited to Gharghur, Mosta, Naxxar, Lija, Attard, Mellieha
2 beds: €220,000 to €300,0000
3 beds: €300,000 to €450,000
Location 4: Some central and southern locations including but not limited to Hamrun, Marsa, Zabbar, Zejtun
2 beds: €150,000 to €250,000
3 beds: €220,000 to €300,000
Ultimately, the best place to buy an apartment in Malta will depend on your individual preferences and requirements. It’s a good idea to do your research, visit different locations, and speak to local real estate agents to get a better sense of what each area has to offer.