In the past decade, the rental market has boomed, with demand now exceeding supply all over the island. The north as well as the south of the island has experienced an influx of foreigners which requires an increase in properties available for rent in good locations.

Rental is increasing in popularity as people require freedom of mobility nowadays.

Foreigners coming to Malta, forming part of gaming companies, the film industry and other lucrative professions on short-term contracts require lodging for a limited period of time in the best locations of Malta. Furthermore, foreigners considering moving to Malta are renting property to test the area prior to making their move a more permanent one.

Foreigners are not the only clients when it comes to renting property. Rental has become a common practice among the Maltese as couples decide to move in together before marriage without making the binding commitment of purchasing property together. Moreover, young people are opting torent property if they do not yet qualify for a bank loan.

Therefore, it is feasible to invest in rental properties and the government is supporting potential landlords by introducing an initiative urging landlords to put their vacant property on the market by reducing the tax to a 15 per cent flat rate on rental income.

The potential rental return on capital investment is significant given that the property is situated in a prime location.

Dhalia can help you buy property to let and ensure your property satisfies tenants’ expectations. Book an appointment by calling 8007 4949 or visit www.dhalia.com.