If you list your Maltese property on Airbnb, you could earn as much as €2,400 a month.
New research has found the number of Airbnbs in Malta and Gozo has rocketed with more than 8,760 properties now listed on the booking website.
Around 5,530 are whole dwellings, 2,900 are private rooms, and 320 are shared rooms.
- Two out of every three listings in Malta are flats
- The top 10 towns are Sliema, St Paul’s Bay, St Julian’s, Mellieha, Valletta, Gzira, Msida, Swieqi, Zebbug Gozo and Marsascala.
- The most expensive place to rent an Airbnb is Gharghur.
- A swimming pool puts the final price up by 21% and a seaview by 14%.
- The bulk of properties are available for most of the year.
The Central Bank of Malta, which carried out the research, said short-term rentals were a lucrative business for many Maltese hosts.
However, there are fears that Airbnb landlords are ‘squeezing out’ local residents by removing one-bedroom properties from the market, making it much harder to find a flat to rent.
The Airbnb boom has also been blamed for pushing up property prices in Malta.
Central Bank economist Reuben Ellul said: ‘The impact of these listings is considerable.
‘They can potentially offer as much as eight million nights.
‘Taking the most likely occupancy rate of 70 per cent would lead to an average price of €80.20 per night, generating revenues of €111.1 million.
‘Policymakers ought to assess and study the implications and benefits of this industry.’
What are guests saying about Airbnb homes in Malta?
Malta homes were rated 4.6 out of 5 stars on Airbnb with more than 280,000 reviews.
Nikki: ‘The location is great in one of the best parts of Sliema with everything available very close by. It’s a small place but comfortable and clean.’
Alex: ‘The apartment is quiet and secluded behind a coded gate and is very convenient for St Julian’s with its lovely views, restaurants and night life. It has everything we needed as a couple.’
Max: ‘A freshly renovated studio apartment in a nice area of Sliema. Very clean and quiet, comfortable bed. Short walk to shops, the sea, and the ferry to Valetta.
Maureen: ‘Jennifer’s place was a perfect location for my stay in Malta. Close enough to everything but on a very quiet nice street. I thoroughly enjoyed my stay with her.’
Andrea: ‘Great place, safe area, 5-10 minutes walking to the centre. Everything was really clean and well kept. Overall would 100% recommend for anyone planing to stay at St Julian’s.’