That is because the local wisdom is to buy a house if you can, even if against a loan, so as to avoid the ever increasing and never stopping perpetual rental payments. Even the dumbest have this nugget of popular wisdom drilled into their heads by their friends and families. Issue is that in the last few years this strategy is becoming increasingly less feasible. The full effects will be felt later not now.
And you do not need the flexibility to move to next job for most Maltese and not looking at leaving.
Other countries .. this consideration is important.
Also take with a pinch of salt any data from malta. No agency will report anything the government does not want to hear.
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Mela there’s is any rural area left in Malta? 🤣
What exactly does that mean?
The apartments in Malta are pretty small. It is nice that it’s affordable but you aren’t getting great value per square meter imho.
we all know this is a lie… there’s eu countries with double the average wage or more with only 10-40% more expensive rent…go look at denmark, sweden, netherlands etc.
Also their minimum wage is way higher so the people to forced to work those jobs aren’t completely screwed.
Despite ppl commenting and voting on stuff here… does anyone know exactly what is meant by overburden? How this was calculated? Or if even the data analysis/collection makes sense?
I’ve seen/been told about so much junk research being quoted by the last ppl/entities you expect that talking about political controlled data collection/studies is a none starter
From me speaking to some foreigners it seems property in Malta isnt that bad price wise… (yes it’s overpriced and amongst the worse you can find)
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Source: https://ec.europa.eu/eurostat/product?code=DDN-20230202-1
That is because the local wisdom is to buy a house if you can, even if against a loan, so as to avoid the ever increasing and never stopping perpetual rental payments. Even the dumbest have this nugget of popular wisdom drilled into their heads by their friends and families. Issue is that in the last few years this strategy is becoming increasingly less feasible. The full effects will be felt later not now.
And you do not need the flexibility to move to next job for most Maltese and not looking at leaving.
Other countries .. this consideration is important.
Also take with a pinch of salt any data from malta. No agency will report anything the government does not want to hear.
🍿
Mela there’s is any rural area left in Malta? 🤣
What exactly does that mean?
The apartments in Malta are pretty small. It is nice that it’s affordable but you aren’t getting great value per square meter imho.
we all know this is a lie… there’s eu countries with double the average wage or more with only 10-40% more expensive rent…go look at denmark, sweden, netherlands etc.
Also their minimum wage is way higher so the people to forced to work those jobs aren’t completely screwed.
Despite ppl commenting and voting on stuff here… does anyone know exactly what is meant by overburden? How this was calculated? Or if even the data analysis/collection makes sense?
I’ve seen/been told about so much junk research being quoted by the last ppl/entities you expect that talking about political controlled data collection/studies is a none starter
From me speaking to some foreigners it seems property in Malta isnt that bad price wise… (yes it’s overpriced and amongst the worse you can find)