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Pros and Cons of Buying Property in Sliema/St Julians

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The Maltese towns of Sliema and St Julians are arguably two of the most sought-after localities where people want to own property, whether to live in themselves or for rental purposes.

The Maltese towns of Sliema and St Julians are arguably two of the most sought-after localities where people want to own property, whether to live in themselves or for rental purposes. There are valid reasons for this; however, as with anything popular, along with the benefits, come the negatives.

Location is always a major selling point when it comes to property and being close to the sea is always an advantage. The Sliema and St Julians seafront is a lovely stretch of land that is popular with both locals and foreigners who enjoy both a brisk morning walk or jog, as well as a more leisurely evening stroll. The sea around the area is deep and clean and the rocky seashore provides various entrance and exit points making it easy for swimmers to access.

Sliema is a major shopping district while St Julians tends to be regarded as the entertainment centre which means that there is access to all amenities at almost any time of the day. This makes the area a very convenient one and many people flock to the area because of this, whether for shopping, restaurants, hotels or other entertainment ventures.

Additionally, main businesses, especially in the iGaming sector, have based their offices in this area, making the area more desirable for people who want to minimise the stress of their daily commute.

Due to their popularity, the areas have seen much development in recent years with several luxury developments built, raising the value of property in the area.

While the above are all pros to owning property in Sliema and St Julians, these factors are also the contributors to the downside of having property in the area. The heavy influx of people and the constant development of new buildings make these towns extremely busy which leads to a large amount of traffic, difficulty in parking, and increased air pollution. It also leads to more pollution from the large amounts of waste that are generated by all the outlets in the region as well as high levels of noise pollution, particularly in Paceville which hosts the majority of the nightclubs in Malta.

Despite the cons, Sliema and St Julians have become extremely popular places for rental investments as demand for flats is high and rental prices are at a premium.


BROWSE PROPERTY IN MALTA

Guide

Budgeting for Beginners

<p>When it comes to budgeting for a new home, the first step is to look at your savings account. Banks will require a cash deposit of around 10% of the property price.</p>