Central Malta · Investment Guide
Investing in Balzan
The smallest of the Three Villages: period housing, quiet streets and very little of it on the market at any one time.
9New homes approved, Q1 2026
12Promise of sale, Jun 2026
13Final deeds of sale, Jun 2026
16Busiest month for sales, Feb 2024
The case
Why investors buy in Balzan
Balzan is the smallest of the Three Villages and among the most tightly held addresses in Malta. Its core is period housing on narrow streets, and the village has resisted the kind of building out that reshaped its neighbours.
That scarcity is the whole story. Very few properties trade here in any given month, so a buyer is often waiting for the right one rather than choosing between several, and prices hold accordingly.
Letting is a secondary consideration. Demand exists for family houses, but the stock is not the small-apartment kind that drives a rental market, and most owners here are living in what they bought.
Find me an investment in BalzanA few questions, then we do the looking.
The numbers
Market activity in Balzan
Final deeds of sale
Completed sales in Balzan have ranged from 5 to 16 a month since 2024. The past twelve months carried 128 in total, up from 121 in the twelve months before that.
Promise of sale agreements
Promise of sale agreements, the deals in progress ahead of a deed, have ranged from 5 to 20 a month. The past twelve months carried 175, up from 124 in the twelve months before that.
Source: National Statistics Office (Malta), residential property transactions.
The supply pipeline
How Balzan compares
9 new dwellings were approved in Balzan this quarter, 52nd of the 68 localities the National Statistics Office reported. That is among the smallest pipelines in the country, so almost everything that sells here is existing stock.
Sliema
322
St Paul's Bay
171
Birkirkara
154
Mosta
149
Qormi
126
Msida
120
Marsaskala
112
Balzan
9
Source: National Statistics Office (Malta), residential building permits, Q1 2026.
Rental demand
Where the tenants are
Balzan holds 0.61% of all active residential rent contracts in Malta, the 37th-highest of any locality, a small share, so the rental market here is thin next to the towns that dominate it.
St Paul's Bay
13.76%
Sliema
6.96%
Msida
6.03%
Marsaskala
4.46%
St Julian's
4.4%
Birkirkara
4.25%
Gżira
4.17%
Balzan
0.61%
Source: Housing Authority (Malta), Malta Rent Calculator, H1 2026. Reconstructed from the published tool's own chart, not a downloadable table - see data/README.md.
Run the numbers
What it costs to buy in Balzan
Enter a price and see the deposit, stamp duty and notary costs a Maltese purchase actually carries.
€
25%
The regulatory minimum for this buyer type is 20% - adjust the slider to match your own lender's terms.
Deposit€75,00025%
Stamp duty€15,0005% of the price
Notary fees€3,000-€10,500
Monthly repayment€1,07430-yr term at 4%
Cash to complete€93,000 -€100,500
Open the full finance calculator →Indicative figures based on standard Malta rates and a 30-year term at 4% - not a mortgage offer or financial advice. For income-based affordability, joint applicants and a shareable scenario, use the full finance calculator.
Buy-to-let
Investment-grade homes in Balzan
Homes on the market now that suit a rental or resale strategy.
Costs & incentives
Tax, costs and residency
The rules and schemes that shape the return on a Maltese property investment.
Rental income tax
Rental income can be taxed at a flat 15% final withholding rate in Malta, a simple and competitive regime for landlords.
Residency by investment
Buying or leasing property can form part of Malta’s residency routes for non-EU investors, alongside the other requirements.
Short-let licensing
Short-term holiday letting is possible but licensed and regulated. Long-let is the simpler route for most investors.
Good to know
Investing in Balzan, answered
Is Balzan a good buy-to-let?
Rarely the reason to buy here: the stock is family housing held for the long term rather than lettable apartments. Balzan accounts for 0.61% of Malta’s active residential rent contracts.
How active is the Balzan property market?
Between January 2024 and June 2026 the National Statistics Office recorded 324 final deeds of sale and 370 promise of sale agreements in Balzan, a monthly range of 5 to 16 completed sales. The busiest month in that window was Feb 2024, with 16.
Is much new build coming to Balzan?
9 new dwellings were approved in Balzan in the first quarter of 2026, 52nd of the 68 localities the National Statistics Office reported. Very little new build is approved here, so almost everything on the market is existing stock.
Can foreigners buy property in Balzan?
Yes. Non-residents can buy in Malta, usually through an Acquisition of Immovable Property permit, though many apartments in designated areas are exempt and Special Designated Areas carry no restriction at all. We can confirm the position for any specific property in Balzan.
What are the total costs of buying?
As a rule of thumb, budget around 5% stamp duty plus notary fees, searches and any agency or legal fees. Off-plan and first-time purchases may qualify for reduced duty, so check the grants and schemes for the reliefs that currently apply. The calculator above works the figures through for a given price.