Your Complete Guide to Finding the Perfect Rental Home in Malta
Renting a property in Malta is a convenient and cost-effective choice for both locals and foreign residents. Malta’s rental market offers a diverse selection of high-quality homes, from cozy apartments and stylish penthouses to luxurious villas, with options across all price ranges to suit various tastes and budgets.
Who Can Rent Property in Malta?
Renting property in Malta is straightforward. EU nationals can rent without restrictions, while non-EU residents must have a valid long-term visa or qualify through Malta’s Citizenship or Residency programs.
What to Expect with Malta Rental Rates and Utility Costs
Rental prices in Malta are generally reasonable and often negotiable, depending on factors such as property type, lease duration, location, and property finishes. Utilities such as water, electricity, and internet are typically excluded from the monthly rental cost and billed separately based on usage, unless agreed otherwise with the landlord.
Furnishing and Flexibility
Most rental properties in Malta come fully furnished, though some landlords may be open to removing or adjusting furnishings to meet tenant preferences. This flexibility should be discussed and arranged before signing the lease.
How to Find Your Ideal Rental in Malta
Finding the right rental home can feel overwhelming. At Belair Property, we recognize the importance of securing a place that truly feels like home. Our team is dedicated to supporting clients throughout the rental journey, offering a broad range of options, from apartments and penthouses to luxury villas. Rentals on our books start from around €1,200 per month, with high-end properties exceeding €5,000 monthly.
Some popular rental areas include lifestyle developments like Portomaso and Tigné Point, which provide a vibrant environment and exclusive amenities. For those preferring a bustling atmosphere, we recommend exploring Sliema, St. Julian’s, and Valletta. Those seeking a more relaxed environment may consider northern areas like Mellieha and Naxxar or southern villages for a quieter lifestyle.
A Belair Property rental associate will listen closely to your preferences to help find the best match. After discussing your requirements, your associate will curate a selection of suitable properties and arrange private viewings to ensure each option meets your standards.
Renting as a Foreigner: What You Need to Know
Foreign nationals face few restrictions when renting in Malta. EU citizens and non-EU residents with long-term visas can lease residential properties freely. For high-value rentals exceeding €10,000 per month, prospective tenants may need to undergo a due diligence process to verify their source of funds.
Malta’s immigration and residency programs, such as the Individual Investor Programme (IIP), also have minimum annual rental spending requirements based on program criteria.
The Renting Process in Malta
The renting process in Malta is straightforward. After choosing your ideal property, your Belair Property rental associate will work with you and the landlord to secure the home through a registered rental agreement, which is required by the Malta Housing Authority. Rental agreements vary, but here’s a typical outline:
- Security Deposit: Equivalent to 1–3 months’ rent, depending on negotiations.
- Monthly Rent: Generally payable in advance each month.
- Maintenance Fees: Often included in the monthly rent.
- Utility Deposit: Based on agreed consumption rates.
- Agency Fee: Equal to 50% of one month’s rent plus VAT, shared between the landlord and tenant.
- Short-Term Agency Fee: For short lets, the agency fee is 10% of the contract value plus VAT, also split between both parties.
Quick Facts About Renting Property in Malta
- Do I Need Multiple Agencies to Find the Right Rental?
No, working with the right agency can streamline the process. At Belair Property, we pride ourselves on understanding our clients’ needs and matching them with suitable properties. Our success comes from truly listening to what each client wants. - Why Do I Need a Lease Agreement?
A lease agreement legally binds the terms between you and the landlord, protecting both parties’ rights. - Who Handles Property Repairs?
Typically, landlords cover major repairs (e.g., appliances, general wear and tear), unless the tenant caused the damage. - Are Pets Allowed?
Many landlords are open to pets if you specify details (species, breed, weight, etc.). A pet-friendly accommodation search can be arranged if needed. - Can the Lease Be in My Company’s Name?
Yes, leasing under a company name is possible, and pricing usually remains the same. - Are Short Lets Priced Differently?
Short-term rental rates may vary, so discuss this with your rental associate to clarify terms. - What If I Leave Malta Before My Lease Expires?
Depending on your lease terms, leaving early may forfeit your deposit or incur additional fees. For example, on a one-year lease, you may be required to stay at least six months and provide a one-month notice.
