|Last Updated: Mar. 1, 2013|
|MALTA ISLAND -
|COST ()||YIELD (p.a.)||PRICE/SQ.M. ()|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|75 sq. m.||224,700||675||3.60%||2,996||9.00|
|120 sq. m.||329,760||888||3.23%||2,748||7.40|
|160 sq. m.||476,480||1,219||3.07%||2,978||7.62|
|250 sq. m.||876,500||2,563||3.51%||3,506||10.25|
|Sliema, St. Julians and Swieqi, Portomaso, Tigne Point
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
Rental yields in Malta increased slightly this year. This continues a trend that we have noticed since 2010.
The cause is a combination of two factors. We find that investment apartments in the favorite expatriate areas such as Sliema, St. Julians and Swieqi are now more affordable, with an average price per square metre of 1,980. In these areas, one can expect to earn an average rental return of 3.68%.
Rents have increased, especially for smaller apartments. Prices have fallen slightly, according to the Global Property Guide research cited above.
Our findings are at variance with the Central Bank of Maltas figures (which show a slight increase in residential property prices in Malta during 2011). Probably, sampling differences have affected the result, as we concentrate on properties in upscale areas more likely to be dominated by foreign property buyers.
#1 IAN | June 07, 2010
Your information that an apartment of 70 sqm costs 213,640 is COMPLETELY INCORRECT! It is HALF of that. You probably got the info from a crooked agent.
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