Authored by the expert who managed and guided the team behind the Malta Property Pack
Yes, the analysis of Valletta's property market is included in our pack
If you're wondering how much it costs to buy a home in Valletta in 2026, you're in the right place.
We break down the latest property prices in Valletta, from median costs to neighborhood comparisons, and we update this article regularly.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Valletta.
Insights
- Valletta property listings typically close around 12% below asking price, which is slightly tighter than Malta's national average of 15%, thanks to limited heritage stock and stronger buyer competition.
- The median price per square meter in Valletta sits at around 5,500 euros, but prime streets with sea views can push past 10,000 euros per square meter.
- Small, fully renovated apartments in Valletta command the highest price per square meter because they are easier to buy and rent well in this heritage-driven market.
- Valletta property prices have risen roughly 6% over the past year, slightly outpacing Malta's national growth of 5.6%, due to the city's structural supply constraints.
- Over the past decade, Valletta housing prices have climbed approximately 90% in nominal terms, translating to about 55% in real terms after adjusting for inflation.
- New or fully finished homes in Valletta carry a premium of around 12% over comparable unrenovated properties, reflecting the high cost and complexity of heritage renovations.
- Apartments make up about 45% of Valletta's residential market, followed by townhouses and houses of character at 15%, making apartments the most accessible property type.
- Buying a finished property in Valletta typically adds 7% to 9% on top of the purchase price for taxes, notary fees, and other closing costs.
- For buyers planning renovations, the all-in cost can jump 15% to 35% or more above the purchase price, depending on the scope of structural and finishing work required.
What is the average housing price in Valletta in 2026?
The median housing price is more useful than the average because it represents the middle point of the market, meaning it is not skewed by a few extremely expensive or cheap properties the way an average can be.
We are writing this as of the first half of 2026, using the latest data collected from authoritative sources like Eurostat, KPMG Malta, and the Central Bank of Malta, all of which we manually verified.
The median housing price in Valletta in 2026 is approximately 450,000 euros (around $530,000 or 450,000 euros since Malta uses the euro). The average housing price in Valletta is higher at around 600,000 euros (approximately $707,000), pulled up by luxury townhouses and premium penthouses.
About 80% of residential properties in the Valletta market in 2026 fall within a price range of 280,000 to 900,000 euros (roughly $330,000 to $1,060,000).
A realistic entry range in Valletta starts at around 230,000 to 300,000 euros ($271,000 to $354,000), which typically gets you a 1-bedroom apartment of 45 to 60 square meters in nearby Floriana or Pieta, often an existing home that needs some upgrades.
For luxury properties in Valletta in 2026, expect to pay between 1.2 million and 3 million euros ($1.4 million to $3.5 million), which would buy you a restored townhouse or palazzo-style home of 180 to 350 square meters on a prime street, or a high-end penthouse with sea views.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Valletta.
Are Valletta property listing prices close to the actual sale price in 2026?
In Valletta, listing prices are typically around 12% higher than final closed prices, meaning a property listed at 500,000 euros often sells for around 440,000 to 470,000 euros.
This discount is slightly smaller than Malta's national average of 15% because Valletta has tighter supply and more "priced-to-market" premium stock. The gap varies most for unrenovated townhouses and project homes, where buyers factor in restoration risk and negotiate harder.
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What is the price per sq m or per sq ft for properties in Valletta in 2026?
As of early 2026, the median housing price in Valletta is around 5,500 euros per square meter (approximately $6,480 per sqm or $602 per sqft). The average price is higher at roughly 7,000 euros per square meter ($8,250 per sqm or $766 per sqft), reflecting the premium for renovated and prime-location properties.
Small, fully renovated apartments in prime Valletta streets have the highest price per square meter because they are in high demand for both living and short-term rentals, while large unrenovated townhouses have the lowest price per square meter due to the restoration risk and costs involved.
The highest prices per square meter in Valletta are found on prime streets and sea-view edges, ranging from 6,000 to 10,000 euros per sqm. The lowest prices are in nearby areas like Cospicua and Senglea, where you can find properties at 3,500 to 5,500 euros per sqm.
How have property prices evolved in Valletta?
Compared to one year ago, Valletta property prices have risen by approximately 6% in nominal terms. This growth is driven by the city's limited new supply and sustained demand from lifestyle buyers and investors seeking heritage homes in Malta's capital.
Over the past decade, Valletta housing prices have increased by roughly 90% in nominal euro terms, or about 55% when adjusted for inflation. This long-term growth reflects Malta's overall economic expansion combined with Valletta's unique position as a UNESCO-listed heritage capital with strictly limited development.
By the way, we've written a blog article detailing the latest updates on property price variations in Valletta.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Valletta.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Malta versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
How do prices vary by housing type in Valletta in 2026?
In Valletta's 2026 market, apartments make up about 45% of listings, followed by maisonettes and duplexes at 18%, townhouses and houses of character at 15%, penthouses at 12%, terraced houses at 6%, and villas at just 4%, reflecting the city's historic urban fabric and limited space for larger standalone homes.
Average prices vary significantly by property type in Valletta as of the first half of 2026. Apartments average around 450,000 euros ($530,000), maisonettes and duplexes around 520,000 euros ($613,000), penthouses around 950,000 euros ($1.12 million), townhouses around 900,000 euros ($1.06 million), and restored houses of character around 1.1 million euros ($1.3 million).
If you want to know more, you should read our dedicated analyses:
- How much should you pay for a house in Valletta?
- How much should you pay for an apartment in Valletta?
- How much should you pay for a townhouse in Valletta?
How do property prices compare between existing and new homes in Valletta in 2026?
In Valletta, new or fully finished homes command a premium of approximately 12% over comparable unrenovated properties.
This premium exists because heritage renovation in Valletta is complex and risky, with potential surprises behind old walls, moisture issues, and strict planning permissions, so buyers pay more for turnkey properties where all that work is already done.
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How do property prices vary by neighborhood in Valletta in 2026?
Valletta proper is the most expensive area, with prices ranging from 280,000 to 3 million euros ($330,000 to $3.5 million) depending on location and condition. The city's UNESCO heritage status, walkability, and cultural appeal drive strong demand from both local buyers and international investors.
Sliema and Tigne are popular among expats, with prices typically ranging from 350,000 to 2.2 million euros ($413,000 to $2.6 million). These coastal neighborhoods offer modern apartments, sea views, and easy access to restaurants and services.
For more affordable options, the Three Cities area (Birgu, Senglea, and Cospicua) offers heritage properties at lower prices, ranging from 240,000 to 1.5 million euros ($283,000 to $1.77 million). These neighborhoods are undergoing regeneration and offer good value for buyers seeking character homes.
You will find a much more detailed analysis by areas in our property pack about Valletta. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Neighborhood | Character | Avg Price Range | Avg per sqm | Avg per sqft |
|---|---|---|---|---|
| Valletta | Heritage / Walkable | €280k-€3M / $330k-$3.5M | €6,000-€10,000 / $7,070-$11,790 | €557-€929 / $656-$1,095 |
| Floriana | Value / Commute | €230k-€650k / $271k-$766k | €4,000-€6,000 / $4,715-$7,070 | €372-€557 / $438-$656 |
| Pieta | Commute / Value | €240k-€700k / $283k-$825k | €3,800-€5,800 / $4,480-$6,835 | €353-€539 / $416-$635 |
| Gzira | Young Expats / Central | €280k-€900k / $330k-$1.06M | €4,500-€7,500 / $5,300-$8,840 | €418-€697 / $492-$821 |
| Msida | Commute / University | €260k-€800k / $306k-$943k | €3,800-€6,200 / $4,480-$7,310 | €353-€576 / $416-$679 |
| Ta' Xbiex | Premium Commute | €450k-€1.6M / $530k-$1.89M | €5,000-€8,000 / $5,895-$9,430 | €465-€743 / $548-$876 |
| Sliema / Tigne | Expat Hub / Coastal | €350k-€2.2M / $413k-$2.59M | €5,500-€9,500 / $6,485-$11,200 | €511-€883 / $602-$1,041 |
| St Julian's | Popular / Rental Demand | €350k-€2M / $413k-$2.36M | €5,000-€9,000 / $5,895-$10,610 | €465-€836 / $548-$985 |
| Birgu (Vittoriosa) | Heritage / Marina | €280k-€1.5M / $330k-$1.77M | €4,000-€7,500 / $4,715-$8,840 | €372-€697 / $438-$821 |
| Senglea (Isla) | Value Heritage | €250k-€1.1M / $295k-$1.3M | €3,500-€6,500 / $4,125-$7,660 | €325-€604 / $383-$712 |
| Cospicua (Bormla) | Value / Regeneration | €240k-€900k / $283k-$1.06M | €3,500-€6,500 / $4,125-$7,660 | €325-€604 / $383-$712 |
| Kalkara | Family / Space | €350k-€1.8M / $413k-$2.12M | €3,800-€6,800 / $4,480-$8,015 | €353-€632 / $416-$745 |
How much more do you pay for properties in Valletta when you include renovation work, taxes, and fees?
When buying a finished home in Valletta, expect to add around 7% to 9% on top of the purchase price for taxes, notary fees, and other closing costs, but if you are buying a property that needs renovation, the total can jump to 15% to 35% or more.
For a property around $200,000 (approximately 170,000 euros), you would pay about 13,500 to 15,000 euros in taxes and fees, bringing your total to around 183,500 to 185,000 euros. If it needs a light refresh, add another 10,000 to 25,000 euros for renovation.
For a property around $500,000 (approximately 424,000 euros), expect taxes and fees of about 34,000 to 38,000 euros. If it is turnkey, your all-in cost would be around 458,000 to 462,000 euros, but add renovation costs of 20,000 to 60,000 euros if upgrades are needed.
For a property around $1,000,000 (approximately 848,500 euros), taxes and fees run about 68,000 to 76,000 euros. A finished property would cost you around 916,500 to 924,500 euros all-in, while a major townhouse renovation could add 150,000 to 400,000 euros or more.
By the way, we keep updated a blog article detailing the property taxes and fees to factor in the total buying cost in Valletta.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Valletta
| Expense | Category | Estimated Cost Range |
|---|---|---|
| Stamp Duty | Tax | Approximately 5% of the purchase price, though this can vary depending on buyer eligibility and government schemes. For a 500,000 euro property, expect around 25,000 euros in stamp duty. |
| Notary Fees | Legal | Around 1% to 2% of the purchase price, calculated using regulated billing formulas. For a 500,000 euro property, this typically ranges from 5,000 to 10,000 euros including registration fees. |
| Architect Survey | Due Diligence | Between 300 and 800 euros ($354 to $943). This is commonly required when obtaining a mortgage or buying an older property to assess structural condition. |
| Bank Fees | Financing | Between 1,000 and 3,000 euros ($1,180 to $3,540) if you are taking out a mortgage. This covers valuation, arrangement, and administration fees charged by the lender. |
| Light Renovation | Renovation | Between 200 and 500 euros per sqm ($236 to $589 per sqm). This covers kitchen and bathroom updates, painting, and minor finishing work on an existing property. |
| Full Renovation | Renovation | Between 800 and 1,500 euros or more per sqm ($943 to $1,768+ per sqm). This applies to structural work, heritage restoration, and complete interior finishing in older Valletta properties. |
We made this infographic to show you how property prices in Malta compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What properties can you buy in Valletta in 2026 with different budgets?
With $100,000 (around 85,000 euros), there is not really a normal residential market in or near Valletta at this price level; you might find a garage, a tiny shell needing extreme work, or a non-standard unit, but it is not a reliable segment for home buyers.
With $200,000 (around 170,000 euros), you could buy a studio or 1-bedroom shell of 35 to 50 sqm in Cospicua needing heavy renovation, a small 1-bedroom apartment of 40 to 55 sqm in Senglea with dated finishes, or a compromised unit like a semi-basement of 40 to 55 sqm on Valletta's edge that needs upgrades.
With $300,000 (around 255,000 euros), you could get a 1-bedroom apartment of 50 to 65 sqm in Floriana with partial renovation, a compact 2-bedroom of 60 to 75 sqm in Pieta in average condition, or a small townhouse project of 80 to 110 sqm in Cospicua needing heavy renovation.
With $500,000 (around 424,000 euros), you could purchase a renovated 2-bedroom apartment of 80 to 100 sqm on Valletta's interior streets, a 2-bedroom of 90 to 115 sqm in Gzira in good condition, or a smaller townhouse or character home of 120 to 170 sqm in Senglea that is partly renovated.
With $1,000,000 (around 848,500 euros), you could afford a large restored apartment of 130 to 180 sqm in Valletta, a penthouse with terrace of 120 to 160 sqm in Sliema or Tigne that is newer and finished, or a high-quality townhouse of 200 to 300 sqm in Birgu with roof and views potential.
With $2,000,000 (around 1.7 million euros), you enter the luxury segment where you could buy a major Valletta townhouse or palazzo-style home of 250 to 450 sqm with high-end restoration, a seafront or prime penthouse of 180 to 250 sqm in Sliema or St Julian's with luxury finishes, or a landmark-grade heritage home of 300 to 500 sqm in prime Valletta.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Valletta.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Valletta, we always rely on the strongest methodology we can and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why It's Authoritative | How We Used It |
|---|---|---|
| Eurostat House Price Index | The EU's official statistical office providing consistent cross-country house price data. | We used Malta's official year-on-year growth rate of 5.6% in Q2 2025 to anchor our 1-year change estimate. We also used it as a reality check against local Maltese reports. |
| KPMG Malta Construction and Property Report 2025 | A major consultancy report built on a large structured database of listings and market activity in Malta. | We used the report's national asking-price levels by property type as our cleanest price-level reference. We then adjusted to Valletta using the report's discussion of regional market structure. |
| Central Bank of Malta | Malta's central bank providing official analysis comparing asking prices to contract prices. | We used the documented asking-versus-contract gap of about 15% for apartments to estimate how close listings are to closed prices. We adjusted this slightly for Valletta's tighter supply. |
| NSO Malta Property Statistics | Malta's official national statistics office and the reference point for property market releases. | We used this as the official backbone for price index and transaction data. We mainly used it to triangulate direction and momentum rather than inventing city-level figures. |
| European Central Bank EUR/USD Rate | The euro area's central bank and the standard reference for euro foreign exchange conversions. | We used the ECB reference rate near late December 2025 of 1 euro equals $1.1787 as our conversion rate. We kept it consistent across the entire article for comparability. |
| Eurostat HICP via FRED | Eurostat's harmonized inflation index redistributed by a major central-bank data portal with clear sourcing. | We used this to estimate inflation-corrected real changes when comparing today versus 1 year and 10 years ago. We used the latest available index readings in late 2025. |
| Malta Tax and Customs Administration | A Government of Malta site describing the official tax framework on property transfers. | We used it to anchor the taxes and fees section and to avoid relying on blog-style guidance for legal and tax concepts. We provided ranges for professional costs that vary by case. |
| Notarial Council of Malta | The notaries' official body and the closest thing to an official tool for notarial billing in Malta. | We used it to justify why notary costs are best treated as a regulated calculation rather than a random percentage. We expressed notary and registry items as realistic ranges. |
| Malta Sotheby's International Realty | A prime real estate agency with high-end Valletta townhouse listings providing market-rate benchmarks. | We used their inventory to cross-check our luxury price range estimates. We verified that multi-million euro townhouses in Valletta match our stated luxury band. |
| Sotheby's International Realty Canada | An international luxury real estate network with Valletta property listings for cross-reference. | We used this to verify that our townhouse price estimates of around 1.85 million euros are consistent with actual prime agency inventory. We did not rely on it as a primary source. |
| Central Bank of Malta Housing Affordability Analysis | An official central bank publication analyzing Malta's housing market trends and affordability. | We used its discussion of long-term price increases showing 79.5% growth from end-2013 to end-2024 to estimate our 10-year nominal change figure. We also referenced its methodology notes. |
| KPMG Regional Market Structure Analysis | Part of the KPMG Malta report covering how property values differ across Malta's regions. | We used the discussion of Valletta being in the Grand Harbour region with limited heritage-driven supply to justify our Valletta premium over national medians. |
| Local Agent Listing Examples | Real estate listings from established Maltese agents provide current market asking prices. | We used these to cross-check our estimated price ranges for plausibility while keeping authoritative datasets as our backbone rather than individual listings. |
| Malta Property Renovation Cost Estimates | Local market practice and construction industry data on typical per-sqm renovation costs. | We used ranges of 200 to 500 euros per sqm for light work and 800 to 1,500 euros or more for full restoration to calculate all-in buying costs. |
| Eurostat Methodology Documentation | Official documentation explaining how house price indices are calculated across EU member states. | We used this to understand that Eurostat figures represent transaction prices rather than asking prices, helping us interpret the data correctly. |
| NSO Malta Transaction Volume Data | Official statistics on the number of property transactions occurring in Malta each quarter. | We used transaction volumes to understand market liquidity and to contextualize price movements as reflecting genuine buyer activity. |
| Malta Planning Authority Heritage Guidelines | Official guidelines governing renovation and development in Malta's heritage-protected areas. | We used these to understand why renovation costs are higher in Valletta due to heritage constraints and why finished properties command a premium. |
| ECB Monetary Policy Context | European Central Bank information on interest rates affecting mortgage costs in the eurozone. | We considered the financing environment when discussing demand drivers and why credit conditions have supported Malta's property market over the decade. |
| Malta Economic Growth Data | Official statistics showing Malta's GDP and wage growth over the past decade. | We used this context to explain why property prices have risen significantly alongside Malta's broader economic expansion. |
| Three Cities Regeneration Information | Public information about urban regeneration programs in Birgu, Senglea, and Cospicua. | We used this to explain why these areas offer value compared to Valletta proper and why prices there are lower but rising. |
| Malta Expat Community Housing Surveys | Survey data and community reports showing where international residents prefer to live in Malta. | We used this to identify Sliema, St Julian's, and Valletta as the top neighborhoods popular among expats and to explain why demand is strong in these areas. |
| Malta Short-Term Rental Market Data | Information on the vacation rental market affecting property investment decisions in Malta. | We used this to explain why small renovated apartments command high per-sqm prices in Valletta, as they perform well for short-term rentals. |
| UNESCO World Heritage Site Documentation | Official UNESCO information confirming Valletta's status as a protected heritage capital. | We used this to explain the structural supply constraints in Valletta and why the city's limited development potential supports long-term price growth. |
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