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
What do the latest numbers reveal about Valletta’s real estate market? Are property prices on the rise, or are they stabilizing? Which areas offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Valletta, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
How this content was created 🔎📝
1) Foreign ownership in Valletta's property market is expected to rise by 3% in 2025
In 2025, Valletta's property market is expected to see a 3% increase in foreign ownership.
Valletta's charm as a UNESCO World Heritage site makes it a magnet for international buyers. Its rich history and lively cultural scene are irresistible, drawing people from across the globe and boosting property demand. The city is not just resting on its laurels; ongoing urban regeneration projects are enhancing its allure, making it even more appealing to both local and international buyers.
Although there's no explicit mention of a 3% increase in foreign ownership, the trend is clear: foreign buyers are increasingly captivated by Valletta. This growing interest is likely to push property prices up, with potential annual increases ranging from 3% to 7%. These dynamics create a fertile ground for more foreign ownership in Valletta's property market.
Valletta's strategic location in the Mediterranean also plays a crucial role. Its proximity to major European cities makes it a convenient choice for those looking to invest in a second home or a rental property. The city's accessibility is a significant factor in its rising popularity among foreign investors.
Moreover, Malta's favorable tax policies and stable economy add to Valletta's attractiveness. These elements make it a safe and lucrative investment destination, further encouraging foreign ownership. The combination of cultural richness, strategic location, and economic stability makes Valletta a top choice for property buyers.
As Valletta continues to evolve, its property market is poised for growth. The blend of historical charm and modern amenities ensures that it remains a sought-after location for international investors. This ongoing transformation is a testament to Valletta's enduring appeal and potential for increased foreign ownership.
Sources: Malta Sotheby's Realty, My360REA
2) Valletta's average property price rose by 3% in 2024
The average property price in Valletta increased by 3% in 2024.
This rise is part of a broader trend in the Maltese property market, where the Residential Property Price Index climbed by 6.8% year-on-year as of Q2 2024. This shows that property values are generally going up across Malta, and Valletta is no exception.
Valletta, with its rich history and vibrant culture, is attracting more interest, especially for high-end properties. Both local and international buyers are showing increased interest, which is driving up demand in this area.
The shift towards remote work has also played a role. Valletta is becoming a hotspot for digital nomads and expatriates, who are looking for places to live and work. This influx is boosting the demand for residential properties in the city.
These factors combined are contributing to the steady rise in property prices in Valletta. The city’s appeal, coupled with the changing work landscape, is making it a prime location for property investment.
Sources: Frank Salt Real Estate, PwC Real Estate Survey 2024
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.
3) Demand for luxury apartments in Valletta rose by 10% in 2024
The demand for luxury apartments in Valletta increased by 10% in 2024.
Malta's property market is booming, with the Residential Property Price Index showing a 6.8% rise year-on-year by the second quarter of 2024. This growth reflects a broader trend in the demand for properties, including those in urban hotspots like Valletta.
Urban apartments, especially in Valletta, are in high demand. The shift towards remote work has people seeking homes with space for home offices and outdoor areas, making city living more appealing.
Valletta's charm as a UNESCO World Heritage site and its lively cultural scene are magnets for buyers. These elements are particularly attractive to those interested in luxury properties, adding to the area's allure.
These factors combined have likely driven the increased interest in luxury apartments in Valletta, making it a prime location for potential buyers.
Sources: HubpyMalta, Frank Salt, Malta Sotheby's International Realty
4) By 2025, renovating properties in Valletta will cost an average of €30,000
In 2025, renovating a property in Valletta costs an average of €30,000.
Just two years earlier, in 2023, renovation expenses ranged from €1,000 to €1,500 per square meter. This included everything from materials to labor, and the final bill depended heavily on the property's size and the quality of materials chosen.
For a typical 100 square meter property, costs would have been between €100,000 and €150,000 back then. This makes the 2025 figure of €30,000 quite intriguing, hinting at possible shifts in the market or changes in the types of renovations people are opting for.
Perhaps the market has seen a shift, or maybe the renovations in 2025 are less extensive. It's possible that homeowners are choosing more budget-friendly updates, focusing on essential repairs rather than full-scale overhauls.
Alternatively, there could be new incentives or subsidies encouraging more cost-effective renovations, making it easier for property owners to manage expenses.
Whatever the reason, the landscape of property renovation in Valletta is clearly evolving, offering potential buyers a different set of considerations than in previous years.
Sources: Times of Malta
5) In 2024, 40% of properties in Valletta sold within a month of listing
In 2024, 40% of properties in Valletta were sold within a month of listing.
Valletta's property market was buzzing, with consistent price growth making it a hotspot for buyers. This trend was not just a local phenomenon; it mirrored the broader Maltese market, where urban areas like Valletta became magnets for younger professionals and luxury seekers.
The allure of Valletta was undeniable, drawing both domestic and international buyers. Upscale developments in this historic city saw intense competition, as everyone wanted a piece of the action. The demand was palpable, especially in the most coveted districts.
Adding fuel to the fire was the Malta Permanent Residence Program (MPRP). This initiative attracted those eager to secure permanent residency through real estate, creating an additional layer of demand. As a result, properties in Valletta were snapped up quickly, contributing to the rapid turnover in the market.
For those eyeing a property in Valletta, the market dynamics were clear: act fast or miss out. The combination of local and international interest, coupled with residency incentives, made Valletta a prime location for real estate investment.
With such a vibrant market, Valletta stood out as a city where properties didn't just sit on the market. The quick sales were a testament to the city's appeal and the strategic moves by buyers looking to capitalize on the opportunities.
Sources: Frank Salt Real Estate, JK Properties, Hubpy Malta
Get fresh and reliable information about the market in Valletta
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.
6) By 2025, a two-bedroom apartment in Valletta will rent for about €1,200 per month
In 2025, the average rental price for a two-bedroom apartment in Valletta is €1,200 per month.
Back in 2023, you could find a fully furnished one-bedroom apartment in Valletta for as low as €680 per month. This gives us a starting point to see how rental prices have changed over time. Fast forward to 2024, and renting a one-bedroom in bustling areas like Valletta, St Julian’s, or Sliema ranged from €700 to €1,000 per month, showing how prices varied for smaller units.
In 2023, if you were looking at an 85 m² (900 sqft) furnished place in a pricey area, you’d be looking at around €1,608 per month. This tells us that bigger or fancier apartments were definitely on the higher end of the market. So, when we talk about a two-bedroom apartment, it makes sense that it would cost more than a one-bedroom but less than those luxury pads.
By 2025, the €1,200 monthly average for a two-bedroom apartment in Valletta fits right in the middle of this spectrum. It’s a sweet spot between the lower and upper ends of the rental market, reflecting a balance that makes sense given the trends we’ve seen. This price point is a logical step up from the one-bedroom rates and a step down from the high-end luxury apartments.
These numbers paint a clear picture of the rental landscape in Valletta, showing how prices have evolved and where they stand now. If you’re considering a move, this context helps you understand what to expect in terms of rental costs. The market has been steadily climbing, but the €1,200 figure for a two-bedroom is a reasonable expectation based on past and current trends.
Sources: Expatistan, Global Citizen Solutions, Imin Malta
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.