Despite its small size, each locality in Malta has a distinctive character that attracts different people.
One significant advantage is that no matter where you choose to live, you’re never far from anywhere else – meaning you’re almost always close to your business, the beach and your favourite restaurant!
Living in the cosmopolitan hub of the east coast places you in the heart of the financial and tech districts, yet a short drive can take you to the rugged west for breathtaking sunsets from Malta’s cliffs.
While certain locations offer logistical benefits, they shouldn’t be overemphasised. Prospective buyers should avoid narrowing their search too much, as many locals travel across the island daily. Although traffic can be frustrating, it’s rarely a deal breaker if your dream home lies outside the main urban areas.
The first and most crucial step for foreigners looking to get acquainted with Malta’s real estate market is to explore various localities to find the area that best suits them. A knowledgeable agent is invaluable during this phase, offering localised insights that a casual observer might miss.
Valletta, Malta’s capital and a UNESCO World Heritage Site, offers exceptional investment opportunities. Over the past decade, it has undergone a remarkable transformation, with investments pouring into boutique hotels, upmarket residential developments and commercial spaces. However, parts of Valletta still await restoration, presenting ample opportunity for growth and profit as it continues to evolve into a world-class destination.
Across the historic Grand Harbour lie the Three Cities – Birgu (Vittoriosa), Isla (Senglea) and Bormla (Cospicua). These areas, rich in history and architecture, have also seen significant investment in recent years. A leading international yacht marina and some good eateries can be found here, and expats are increasingly drawn to the beautifully converted, character-filled properties in these historic streets.
Sliema and St Julian’s form Malta’s most cosmopolitan area, serving as hubs for iGaming, financial services, tourism, and entertainment. These localities have broad appeal for both locals and foreigners, with their mix of international restaurants, premium swimming spots and luxury shopping options. Unsurprisingly, property here commands high prices. Surrounding these hubs are Gżira, Swieqi, San Ġwann, and Pembroke, which offer a more suburban feel while still housing a diverse international community.
In the north, St Paul’s Bay and Mellieħa are major tourist destinations, home to some of the country’s largest hotels. The St Paul’s Bay area includes the resort towns of Qawra and Buġibba, while Mellieħa boasts Malta’s largest sandy beach. Both areas offer a range of properties across different price points and are popular among expatriates.
At the southern end of the island, Marsaxlokk and Marsaskala are prime tourism areas. Marsaskala, though more residential, features excellent restaurants, bars and several picturesque beaches. A nature park separates it from Marsaxlokk, famous for its waterside dining, traditional fishing boats and renowned fish market. Property in these southern localities offers great value for money, with strong rental potential compared to the pricier northern areas.
Birkirkara, Santa Venera and Qormi may not be tourist hotspots, but they are popular central locations for workers due to their proximity to the Central Business District, Valletta, Mater Dei Hospital, and Malta’s main thoroughfare. Qormi, in particular, provides a glimpse into traditional Maltese life.
Similarly, Mosta, Naxxar, and the Three Villages – Lija, Balzan and Attard – are part of Malta’s residential heartland. Their proximity to open northern spaces appeals to professionals, and properties here often fetch higher prices.
Investors seeking bargains with high potential for appreciation should consider Ħamrun and Marsa. The latter is a somewhat neglected inner harbour area that the Government plans to regenerate, making it a promising long-term investment opportunity.
The villages along Malta’s western coast – Mġarr, Rabat, Dingli, Siġġiewi, Qrendi, and Żurrieq – best capture the island’s timeless charm. These villages, surrounded by beautiful countryside and stunning coastal views, are particularly popular among expats seeking a peaceful slice of Mediterranean life. They also present excellent prospects for rental investments.
Gozo, Malta’s quieter sister island, offers property at lower prices than Malta, though the gap has narrowed in recent years. Much of the development is centred in the capital, Victoria, which boasts a wealth of entertainment and dining options, as well as in the coastal resorts of Marsalforn and Xlendi. Many foreign buyers, however, prefer the tranquillity of Gozo’s smaller villages, where they can enjoy unparalleled peace and quiet.
In each of the islands’ locations, property buyers will find a diverse mix of options. In areas like Valletta and the Three Cities, historic palazzos await a discerning eye to restore them to their former grandeur. Areas like Ibraġġ, The Gardens and Madliena offer sleek, modern villas characterised by sharp lines and a futuristic feel, while Sliema’s townhouses often reflect mid-century Modernism. Along the Sliema Front, upscale apartments and penthouses boast sweeping views of the Mediterranean. In contrast, more rural areas provide space for expansive country homes where rustic charm blends with contemporary design. This variety ensures there’s a property to suit every taste, whether you prefer ultra-modern or delightfully historic styles, and everything in between.