Long-term housing rentals in Malta: A look at advertised listings

Reuben Ellul Dimech

No PP/02/2020, CBM Policy Papers from Central Bank of Malta

Abstract: The rental housing market in Malta has changed fundamentally in recent years. This market, along with the wider property market, has experienced somewhat of a rebirth over recent years, with a surge in job-rich economic activity that could be fulfilled with foreign workers given domestic demographic developments, and new trends in tourism, leading to an increase in both units available for rent, and rental incomes. Taken together, these changes have happened over a comparatively short period of time and have attracted a lot of interest. This study uses a novel dataset of properties advertised for long-term rent in Malta between January 2019 and December 2019, and looks at the composition, characteristics and implication of these listings. It discusses the distribution of the housing stock advertised for long-term rentals, and looks at some price metrics for characteristics. Finally, using an extended dataset until June 2020, this paper looks at the proportion of properties experiencing positive and negative advertised price changes.

JEL-codes: C23 O18 R31 (search for similar items in EconPapers)
Pages: 21 pgs
New Economics Papers: this item is included in nep-ure
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https://www.centralbankmalta.org/file.aspx?f=92966 First version, 2020 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:mlt:ppaper:0220

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