Island Properties

  • Home
  • Property Listing
    • Simple Listing
  • Malta Property News
  • Pages
    • To Let
    • For Sale
    • Miami City
  • Types
    • Villa
    • House
    • Apartment
  • Submit Property
  • My Properties
  • Gallery
  • Contact Us
  • About Us
  • Property Letting in Malta
  • Buy to Let Malta
  • Property Management Services
  • Property Consultancy Services
  • About Malta
  • Guide to Letting Property in Malta
  • Guide to Buying and Selling
  • Property Investment in Malta
  • Testimonial
  • Careers
  • Office Administrator
  • Real Estate Agent Job Opportunity
  • Testimonials
  • Sitemap
  • Rooms Malta
  • Interior Design
Submit
Island Properties

  • Home
  • About Malta
    • Guide to Letting Property in Malta
    • Guide to Buying and Selling
    • Property Investment
  • Properties
  • News
  • About Us
    • Property Letting in Malta
    • Rooms Malta
    • Buy to Let Malta
    • Property Management Services
    • Property Consultancy Services
    • Interior Design
  • Careers
    • Real Estate Agent Job Opportunity
    • Office Administrator
  • Contact Us
Submit

Malta Property News

Looking for certain features

Are Malta’s Living Costs the Same as London?

By

Amy Zammit

Posted in News On Mar 26, 2019

Not quite…

In recent studies on rental prices over Europe, Malta was seen to be situated in the middle region of the list.

As one of Europe’s fastest growing economy the Maltese property market has been on the rise. This is mainly thanks to the Individual Investor Programme (IIP), introduced in the November 2013 budget, and to the stamp duty exemption introduced for first-time buyers.  Other factors influencing the increased housing demand on the Islands include:

  • The low-interest rate environment;
  • Growth in disposable income;
  • Increased number of foreign workers.

The Cost of Living Index for Malta was calculated to be 130. This is calculated by assigning a value of 100 to a central reference city (in this case, Prague) and comparing every other city’s cost of living to that of the central reference. Therefore, in this case, it is 30% more expensive to live in Malta than it is to live in Prague.

Compared to sought after European cities (information gathered on 22nd March 2019 from Expatistan):

Cost of Living Price Index Malta Island Properties

This information may come as a surprise to those who, in the past, found themselves comparing the cost of living in Malta to that of major European cities, such as London and Berlin. Despite the evident increase in living costs and housing prices, Malta still remains in the lower half of the list of 108 European cities.

Cost of Living Price Index Malta Island Properties

The significant jump in prices on the Maltese Islands can be linked to an increase in the demand tied with living and working there together with the need to supply to it.

So, despite the controversy, Malta still remains a hub for new businesses and expats, especially for those involved in the Financial sector or the iGaming industry, but provides reasonable living prices when compared to other big European cities.

For more information on moving to Malta and for help finding accommodation, feel free to contact us at Island Properties by calling us on +356 2033 4455, emailing on info@islandproperties.com.mt or through our Facebook page.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Scan to contact us via Facebook Messenger

Island Property Messanger

Calculate Mortgage Payments

Featured Properties

Featured
View Property

Modern One Bedroom Apartment in Msida

Modern and bright one bedroom apartment located in the highly…

Bedrooms
1
Bathrooms
1
To Let

€700 Per Month

Featured
View Property

Stunning Renovated Three Bedroom

This recently renovated large three-bedroom, two bathroom apartment is made up…

Bedrooms
3
Bathrooms
2
To Let

€1,200 Per Month

Scan to contact us via Facebook Messenger

Island Property Messanger

Find Your Home

Advance Search is already enabled in the header.

Featured Properties

Featured
View Property

Apartment in Naxxar

Bedrooms
2
Bathrooms
1
To Let

€570 Per Month

Island Properties

Island Properties Malta

Address:
Phone:
Mobile:
E-mail: info@islandproperties.com.mt

Popular Cities

  • Sliema
  • St' Julians
  • Swieqi
  • Madliena
  • Ibragg
  • Valletta
  • Mellieha

Menu

  • Malta Property News
  • Home
  • Property Search in Malta
  • Contact Us
  • About Us
  • Careers in Real Estate
  • Real Estate Agent Job Opportunity
  • Sitemap
  • Rooms Malta
  • Interior Design

COPYRIGHTS ©2019 | ISLAND PROPERTIES | ALL RIGHTS RESERVED

Customised by A-Design Lab

The Hospitality Service – Apartment Sharing in Malta Apartment Sharing Services HSBC Real Estate Malta Island Properties HSBC’s Discussion on Residential Real Estate