The Maltese rental market moves at a fast pace. A good property for rent in Malta and Gozo, in high-demand areas, is snapped up quickly. You must move fast to secure the best value-for-money rental properties when they become available.
While this might seem rather unfortunate, on the plus side it does mean you can expect excellent service from your agent. But, only if you are ready to pounce when you see what you want!
Here are 5 tips to ensure you make a quick decision on your next rental property in Malta and Gozo.
Identify what you need
Finding a property to rent in Malta is mainly the same as finding a property anywhere else, except the market moves very fast. Here are some things that we would recommend doing to ensure that you don’t lose out:
- Be organised with your paperwork and documentation
- Do your research to identify the best properties for rent in Malta and Gozo
- Act quickly when you find a property that might suit your needs and meets your budget requirements, as they will not be available for long due to the high demand in this market
- Contact the landlord/agency of the property that you are interested in to arrange viewing times
- Inspect the property thoroughly before deciding whether or not it is suitable
- Contact some real estate agencies and let them know your budget and what you’re looking for. They may be willing to let you know as soon as they get them in
Explore your options
The first thing you’re going to want to do is make sure you know what type of property you are looking for. For example, if you’re moving with family, how many bedrooms do you need? Will you need somewhere to park a car? Do you want a garden or are you looking more towards an apartment?
Secondly, it is importantly to look for properties that are in high-demand areas to secure the best value for money. This is important because all the best rental properties quickly. As well as this, it is important to be very set on your price range, so that you can make an offer on a property once it becomes available.
Next, be flexible with your expectations and needs when viewing a property. This might be the only one that comes up and will be perfect for you!
Finally, get pre-approved before viewing any new properties – this will save time and ensure you have a good credit rating when applying to rent a property that is on your list of must-haves.
Know when to act
As soon as you see a property that meets your criteria, it is best to contact the agent or landlord straight away to discuss your interest in the property. You will be less likely to miss out if you do not hesitate in contacting them.
Once you have made contact, you will need to show them that you are serious about renting their property. This can be done by arranging a viewing of the property as soon as possible, and also providing details of your income and employment status.
Another way in which you can show your seriousness is by paying a holding deposit. This usually ranges from €100-€200 depending on the type of rental agreement that is agreed upon.
Learn from other tenants
Why not join expat groups on Facebook? This can help you to find other people who have been through what you are going through. You can ask them questions and maybe get suggestions from them with regards to agencies and areas.
When you are looking for a rental property, it is best to be well-informed. Of course, we all know that the rental market in Malta moves at a fast pace. A good property for rent in Malta and Gozo, in high-demand areas, is snapped up quickly. You must move fast to secure the best value-for-money rental properties when they become available.
While this might seem rather unfortunate, on the plus side it does mean that if you have been on the lookout for some time and still haven’t found what you are looking for, then chances are you will find it soon enough!
Keep on searching
Malta is one of the most desirable locations to live in Europe. So when a rental property in Malta becomes available, it will not stay on the market for long.
Find out about new property listings as soon as they come on the market. There’s no point waiting for newspapers or even online advertisements to be posted, because these days there are plenty of great tools that allow you to be notified about listings as soon as they become available – such as Property Malta. Make sure you subscribe to this service so you won’t miss out on any opportunities!
Finding a law specialist
If you need legal advice or assistance, be sure to contact the experts at RHJ Law. We’re able to guide you through what you need to know before moving abroad.
Our legal team at RHJ Law assists foreign nationals in moving to Malta, Portugal, the United Arab Emirates and also to the USA. Our English speaking team of lawyers, accountants and other experts, specialise in helping entrepreneurs and families to set up, manage and grow their life in another country.
Working with our trusted partners; we can advise you on where to settle and how to go about purchasing a property, obtaining a visa and more.
We look forward to hearing from you soon!
