Our advice? Get an agent.
If you’re looking for a commercial property in Malta for rent or for sale, it is advisable to engage a competent commercial property agency. Property consultants specialised in the commercial property market will facilitate the process and offer guidance related to standard practices, potential properties, locations, and current market trends.
Engage a Commercial Property Agent in Malta
Once you have found a reputable agency, the next logical step would be to communicate the specifics of the commercial property required. You may also want to discuss the date of entry, budgets, locations, term durations, and potential expansion being factors that will ultimately affect the properties your estate agent will present to you. A commercial property agency in Malta will normally schedule an appointment for viewings of the most suitable properties based on the requirements of their clients.
Commercial Property Commission, the ‘Industry Standard’
Commercial Property Agencies in Malta collect a ‘finders fee’ for presenting their clients with a suitable property for their operation. Once a property has been selected by their client, an agency will take on the role of the mediator, and negotiator through which a mutually beneficial agreement is reached by parties involved. You may use the information listed below as a reference guide for the standard rates or fees charged by estate agents for their property services.
Commercial Property Sale (Sole Agency listing):
3.5% of sale value + 18% VAT (Payable by vendor)
Commercial Property Sale (Non-exclusive listing):
5% of sale value + 18% VAT (Payable by vendor)
Commercial Property Rent Agency Fees & Rates in Malta:
10% of one year’s average rent + 18% VAT payable by Landlord / Lessor, and
10% of one year’s average rent + 18% VAT payable by Tenant / Lessee
In case of premium, 5% of premium + 18% VAT payable by lessor
Residential Rent Estate Agency Fees & Rates in Malta:
For business that may be renting out residential property for their employees, it may help to be familiar with the estate agency fees related to residential rentals.
Long term residential lets (6 months and over):
Half of one month’s rent + 18%VAT payable by Landlord / Lessor
Half of one month’s rent + 18%VAT payable by Tenant / Lessee
Short term residential lets (less than 6 months):
10% of the total rent + 18% VAT payable by Landlord / Lessor, and
10% of the total rent + 18% VAT payable by Tenant / Lessee