Blog / High rents, high costs of living: why flat sharing in Malta is becoming increasingly more popular

High rents, high costs of living: why flat sharing in Malta is becoming increasingly more popular

By | 09 March 2021

Naxxar Fully Equipped Commercial Outlet (Misc)
€ 38,000

Naxxar Fully Equipped Commercial Outlet (Misc)
NAXXAR:- A COMMERCIAL OUTLET, in a highly sougt after area of Naxxar. Measuring 20sqm, the property ...

Pieta Finished Garage
€ 39,000

Pieta Finished Garage
PIETA:- A street-level 1-car garage forming part of an open garage complex. The garage is very wel...

Hamrun Finished Elevated Maisonette
€ 82,000

Hamrun Finished Elevated Maisonette
HAMRUN:- An unconverted elevated ground floor MAISONETTE in Hamrun, situated in a quiet area, just...

Fgura Finished Apartment
€ 90,000

Fgura Finished Apartment
FGURA:- A first floor one bedroom APARTMENT measuring approximately 60sqm and enjoying unobstructe...

Paola Shell form Apartment
€ 90,000

Paola Shell form Apartment
PAOLA:- A one bedroom, first floor APARTMENT measuring approximately 60sqm is now available for sa...

Balzan Finished Commercial Outlet (Misc)
€ 98,000

Balzan Finished Commercial Outlet (Misc)
BALZAN:- An established street level hairdressing salon being sold fully furnished and equipped. Pro...

Fgura Finished Apartment
€ 99,000

Fgura Finished Apartment
FGURA:- A third floor one bedroom APARTMENT measuring approximately 60sqm and enjoying unobstructe...

Fgura Finished Garage
€ 99,000

Fgura Finished Garage
FGURA:- A very large clean & dry GARAGE having its own water & electricity meter and back garden. ...

Paola Shell form Apartment
€ 100,000

Paola Shell form Apartment
PAOLA:- Prices starting from only €100,000, within this exciting project of one bedroom + study, 70s...

Santa Venera Finished General Shop
€ 100,000

Santa Venera Finished General Shop
SANTA VENERA:- A SHOP with class 4 permit in this central area enjoying facilities such as toilet ...

St Pauls Bay Finished Apartment
€ 100,000

St Pauls Bay Finished Apartment
ST. PAUL'S BAY:- A one bedroom third floor APARTMENT in a brand new development is now available f...

St Pauls Bay Finished Apartment
€ 100,000

St Pauls Bay Finished Apartment
ST. PAUL'S BAY:- A one bedroom fourth floor APARTMENT in a brand new development is now available ...

Fgura Finished Apartment
€ 105,000

Fgura Finished Apartment
FGURA:- A fourth floor one bedroom APARTMENT measuring approximately 60sqm and enjoying unobstruct...

Msida Finished Apartment
€ 106,000

Msida Finished Apartment
MSIDA:- A brand new APARTMENT measuring approximately 56sqm is now available for sale on plan in M...

Paola Shell form Apartment
€ 109,000

Paola Shell form Apartment
PAOLA:- A one bedroom, first floor APARTMENT measuring approximately 70sqm is now available for sa...

Zabbar Shell form Apartment
€ 112,000

Zabbar Shell form Apartment
ZABBAR:- A first floor, 2 bedroom APARTMENT measuring approximately 90sqm is now available for sal...

Fgura Finished Apartment
€ 115,000

Fgura Finished Apartment
FGURA:- A first floor two bedroom APARTMENT measuring approximately 90sqm and enjoying unobstructe...

Mellieha Shell form Maisonette
€ 115,000

Mellieha Shell form Maisonette
MELLIEHA:- A one bedroom, ground floor MAISONETTE measuring approximately 70sqm, facing open space...

Fgura Finished Penthouse
€ 118,000

Fgura Finished Penthouse
FGURA:- A lovely PENTHOUSE is now available for sale on plan. Comprising an open plan living/dinin...

Fgura Finished Apartment
€ 119,000

Fgura Finished Apartment
FGURA:- A second floor two bedroom APARTMENT measuring approximately 90sqm and enjoying unobstruct...

Msida Shell form Maisonette
€ 120,000

Msida Shell form Maisonette
MSIDA:- A centrally located MAISONETTE minutes away from the university and close to all amenities...

St Pauls Bay Finished Apartment
€ 120,000

St Pauls Bay Finished Apartment
ST. PAUL'S BAY:- A first floor APARTMENT measuring approximately 70sqm in a brand new development ...

Zabbar Furnished Apartment
€ 123,500

Zabbar Furnished Apartment
ZABBAR:- A spacious first floor APARTMENT being sold furnished and served with a lift situated in ...

Fgura Finished Apartment
€ 124,000

Fgura Finished Apartment
FGURA:- A third floor two bedroom APARTMENT measuring approximately 90sqm and enjoying unobstructe...

Zabbar Shell form Apartment
€ 124,000

Zabbar Shell form Apartment
ZABBAR:- A third floor, 3 bedroom APARTMENT measuring approximately 100sqm is now available for sa...

Zabbar Shell form Apartment
€ 125,000

Zabbar Shell form Apartment
ZABBAR:- A second floor, 3 bedroom APARTMENT measuring approximately 125sqm is now available for s...

Msida Finished Apartment
€ 127,000

Msida Finished Apartment
MSIDA:- Located in the heart of this excellent rental area, this 4th floor, currently on plan, 2 bed...

Hamrun Finished Apartment
€ 130,000

Hamrun Finished Apartment
HAMRUN:- New on the market is this second floor corner, 67sqm, one bedroom + study APARTMENT . Boa...

Hamrun Finished Apartment
€ 130,000

Hamrun Finished Apartment
HAMRUN:- A first floor APARTMENT measuring approximately 55 sqm on a new development is now availa...

Mosta Finished Apartment
€ 130,000

Mosta Finished Apartment
MOSTA:- A first floor APARTMENT measuring approximately 63 sqm is available for sale in a new cons...

Can't find High rents, high costs of living: why flat sharing in Malta is becoming increasingly more popular?

Are you looking to move to Malta? There are many things to think about when moving places, let alone when you are moving countries. Malta is a prosperous country in Europe with favourable tax benefits for individuals and corporations. This has resulted in many companies moving to Malta in the last ten years, bringing an international workforce.

As you may know, Malta is a small island in the middle of the Mediterranean. Space is limited, and the influx of expatriate workers has driven the rental market to record levels. An increasing problem with living in Malta is finding affordable housing. A company in Malta called Flatmate alleviates this problem by providing people with a flat-sharing marketplace where they can make connections with other people looking for flatshares. In this article, we will look at the living situation in Malta and the benefits of sharing a flat with like-minded people.

Current Climate of the Rental Market in Malta

Malta’s rental rates have fallen by 11% during this pandemic, as per a report by the Central Bank of Malta. A notable decrease. But looking at the full context of this number, including where the rental prices were before Covid-19, it is safe to say that rental prices in Malta are still very high. St Julian’s, Sliema, Gzira, Msida, Valletta, and surrounding areas are popular choices for expatriate workers. 

It is not uncommon that modern one-bedroom apartments have a monthly rent of €700-800. Modern two-bedroom apartments at €900-1,200. Meanwhile, the average salary in Malta is €2,000. High rental prices and relatively high living expenses are the main drivers behind the increased demand for Malta flatshares.

High Costs of Living

For the longest time, Malta had a reputation for being a relatively cheap country to live in. However, for the same reasons we outlined earlier, the costs of living have increased in recent years, especially in immediate areas where foreign companies have their offices. The same places are essential for tourism which further drives prices up for groceries, restaurants, and general amenities. Venturing outside the popular high-density areas, life in Malta becomes a lot more affordable. Especially towards the south. 

Areas like Bormla, Senglea, and Kalkara are beautiful places and considerably cheaper. These areas are hidden gems of Malta where the quality of life for expats increases due to lower rental costs and generally lower cost of living. The south has a bad reputation for no good reason.

As Malta’s infrastructure improves, so do transport options from the southern areas towards the hot-spot areas of large offices and working places. Already today, there are plenty of transport options from an area like Bormla, both buses, and the low-cost, fast ferry service between the harbour in the inlets of Bormla and Valletta. However, most people opt for the high-density in and around Sliema, where the prices remain high in all aspects. This is why more and more people are opting for shared living to lower their costs while increasing their living standards.

Benefits of Flat Sharing

Flat sharing is when you have your bedroom, sometimes a bedroom with ensuite, and sharing other household parts. Typically, flatshare properties are larger with more space in all common areas. For example, there could be a three-bedroom apartment shared by three people, splitting the rent between them along with utility bills, which means that a person could go from spending upwards of €1,200 down to just €300-400 per month. This results in more money in a savings account or more options to go out and about Malta, enjoying everything the island offers.

People living in a shared flat are often referred to as flatmates or roommates. Although, roommates mainly relate to people that are sharing a room in a flat. As we already mentioned, the practice of sharing a flat has become a popular option for those seeking property for short let in Malta. For years, it has been a standard way of living for students and expats in countries like the United Kingdom.

Another benefit of living in a flatshare is the opportunity to meet new people. Moving countries can be a lonely experience at first until you get around to meet new people outside and in your workplace or university. It is easy to get a head start by moving into a flatshare with other like-minded people in the same situation. There are many Facebook groups and, of course, the flat sharing marketplace we mentioned earlier, Flatmate, if you are interested in moving into a flatshare.

Experiences and Memories

If you choose to go with flat sharing, you won’t only share a home and living costs, but you will also share experiences and memories. Gain new friends and have some people to rely on, which can provide you with the feeling of belonging, something that is an essential need and hard to come by when you have just moved to Malta.

Let us do your research for you. With our partner agencies we will facilitate your property search. CONTACT US

Let us do your research for you. With our partner agencies we will facilitate your property search. CONTACT US