As we head near the end of 2024, Malta’s property market continues to evolve, with some notable trends emerging. 

Here’s what’s happening in Malta’s property market in 2024:

1. Rising Demand for Mid-Range Properties

In 2024, there’s a clear trend towards mid-range properties, particularly apartments in central locations such as Sliema, St. Julian’s, and Valletta. Many young professionals and expats are choosing affordable, high-quality apartments over luxury penthouses, fuelling demand for this sector. These properties offer a balance of comfort and affordability, making them ideal for both living and investment.

2. Strong Interest in Short-Term Rentals

Malta’s thriving tourism industry continues to drive demand for short-term rental properties. Investors are increasingly turning to Airbnb-style apartments, which offer higher yields compared to long-term rentals. Popular areas like Valletta, and St. Julian’s are seeing strong rental returns, making short-term rentals a lucrative option for investors.

3. Steady Property Price Growth

Despite global economic challenges, property prices in Malta have continued to grow at a steady pace. While the luxury market remains stable, the mid-range and affordable sectors are seeing the most significant price increases. For buyers, this means acting sooner rather than later to secure a good deal.

4. Increased Demand for Energy-Efficient Homes

With new regulations pushing for better energy performance, buyers are increasingly prioritising energy-efficient homes. Properties with high EPC ratings are in demand, not only for their lower running costs but also because of the environmental benefits. Developers are responding by incorporating energy-saving features into new builds.

5. Investment Opportunities in border areas

While central areas remain highly sought after, there is growing interest in peripheral areas like Marsascala and Żebbuġ. These locations offer more affordable property prices, and as infrastructure improves, they’re becoming attractive alternatives for both buyers and investors.

Overall, Malta’s property market remains robust in 2024, with strong demand across different sectors. If you’re thinking about buying or investing, staying on top of these trends will help you make the right move.