Malta: Short lets have flooded the rental market, pushing prices down

It is a tenant’s market for rental property right now, with supply far outstripping demand and prices going down by as much as 50 per cent in some cases, according to real estate agents.

Rental fees have dropped an average 20 per cent and even halved “in the case of already overpriced apartments”, after an injection of an estimated 9,000 properties from the short-let sector of the industry.

Source: Times of Malta

Updated 14:35