The Ultimate Malta Expat Guide: Best Areas to Live and Real Estate Trends in 2024

Understanding Malta's real estate trends can help you make an informed decision.

• Annual property price growth: 4-6% for the last eight years.
• Up-and-Coming Areas to Watch: Balzan, Lija, and Attard are gaining popularity among renters
• Budget check: Average monthly expenses (excluding rent) is €1,500 for singles, €2,500 for families, then around €100 per month for utilities, and a maximum income tax rate of 35%. Check out the more detailed breakdown of the cost of living in Malta.
• The rental market experiencing a boom, especially in expat-heavy areas
• High demand in St. Julian's and Sliema continues to drive up prices
• Growing interest in up-and-coming areas like Msida and Gzira offers more affordable alternatives
• Valletta has seen significant regeneration, with many historic properties renovated into high-end residences.

Also, we made a list of all other factors when choosing the best areas to live in Malta.

St Julian's and Sliema: The Heart of Expat-Friendly Neighborhoods in Malta

Key Facts:

• €700-1,000 for a one-bedroom apartment
• 90% of the rental market is occupied by foreign nationals
• 40% of renters work in the iGaming industry

Features:

• Bustling nightlife and entertainment options
• Excellent shopping and diverse dining scene
• Beautiful promenade perfect for seaside living Malta
• High concentration of international businesses

DREAM OUTCOME: Vibrant cosmopolitan lifestyle by the sea

LIKELIHOOD OF ACHIEVEMENT: High, but at a premium price

EFFORT & SACRIFICE:

• Higher living costs: Budget €1,700-2,000 per month for a single person
• Crowded during the tourist season
• Limited parking

Valletta: Historic Charm in Malta's Capital

Key Facts:

• Property prices: €3,475 per square meter on average
• Growing popularity among young professionals
• Excellent public transport connections

Features:

• UNESCO World Heritage site with breathtaking architecture
• Rich cultural scene with museums, theaters, and festivals
• Increasingly popular among young professionals and creatives

DREAM OUTCOME: Living in a UNESCO World Heritage site with a modern twist

LIKELIHOOD OF ACHIEVEMENT: Moderate, as properties are limited but increasing

Msida and Gzira: Rising Expat-Friendly Neighborhoods in Malta

Key Facts:

• Rental prices: Approximately 20-30% lower than Sliema/St Julian's
• Growing popularity among students and young expats
• Developing waterfronts with future potential

Features:

• Waterfront promenades with cafes and restaurants
• Proximity to University of Malta, attracting a young, diverse crowd
• Good public transport connections to Valletta and St. Julian's

DREAM OUTCOME: Affordable living close to expat hubs

LIKELIHOOD OF ACHIEVEMENT: High, with increasing options

Mellieha and St Paul's Bay: Prime Seaside Living Malta

Key Facts:

• Property prices: Lower than central areas, around €2,000-3,000 per square meter
• Popular among expat families and retirees
• Home to some of Malta's best beaches

Features:

• Beautiful sandy beaches, including the famous Mellieha Bay
• More spacious properties, including houses with gardens
• Family-friendly areas with good schools and amenities

DREAM OUTCOME: Relaxed coastal living with family-friendly amenities

LIKELIHOOD OF ACHIEVEMENT: High, with a range of property options

Madliena and Gharghur: Luxury Living with a View

Key Facts:

• Property prices: Often exceeding €4,000 per square meter
• Lower population density
• Popular among affluent expats and locals

Features:

• Panoramic views of the Maltese countryside and the Mediterranean Sea
• Peaceful and secluded atmosphere
• Proximity to golf courses and upscale amenities

DREAM OUTCOME: Exclusive residences with panoramic vistas

LIKELIHOOD OF ACHIEVEMENT: Moderate, depending on budget

Gozo: Island Life at Its Finest

Key Facts:

• Rental prices: €500-700 for a one-bedroom apartment
• Lower cost of living compared to main island
• Growing community of digital nomads and retirees

Features:

• Pristine beaches and scenic landscapes
• Slower pace of life and traditional Maltese charm
• Rich in history with ancient temples and fortifications

DREAM OUTCOME: Authentic Mediterranean lifestyle at a slower pace

LIKELIHOOD OF ACHIEVEMENT: High, with affordable options Real Estate Trends: What Expats Need to Know

From the vibrant St Julian's Malta living scene to the historic Valletta residential areas and the idyllic seaside living Malta offers in places like Mellieha, there's a perfect spot for every expat. By considering the dream outcome, likelihood of achievement, and necessary sacrifices for each area, you're now equipped to make an informed decision.

ACTION STEP: Book a 2-week trip to Malta, allocating 2-3 days to explore each of your top choices in person.