What is a garage worth in Malta?

In most of Europe a garage is a feature of a house. In Malta it is a tenement in its own right: it has its own description in a deed, its own title, and its own market. Parking scarcity in the harbour towns and the density of apartment living mean a lock-up garage or a numbered car space changes hands independently of any dwelling, and the gap between a garage in Sliema and the same garage in Zurrieq can be the price of a small car, several times over.

That independence is why a garage deserves a real valuation rather than a guess. The market is thin, prices are rarely published, and agencies list garages as an afterthought attached to a sale. The honest way to value one is the same as any property: what comparable garages in the same locality actually ask and achieve, read against the four attributes below.

Garages are simple assets, which is exactly why a small number of attributes carries almost all of the price. Four questions do most of the work:

The tax treatment is the same as for any Maltese immovable. The seller settles the final withholding tax at the deed, 8% of the price in the default case, withheld and remitted by the notary. The buyer pays stamp duty, generally 5% of the price, plus their notary's fees. There is no annual property tax in Malta, which is one reason a garage works as a hold-and-let asset.

If an agency sells it, the standard commission structure applies; on a low-value asset like a garage, agencies commonly quote a minimum fee rather than the bare percentage, so ask for the figure in euro before you sign anything.

The figures in the panel above, where shown, are computed from garages and parking spaces currently advertised on Darscover, and each figure states the sample it is computed from. Where a locality's sample is too small to be a statistic, no number is printed. A median over three garages is not a market; we would rather show you nothing than mislead you.

A garage rarely travels alone. People selling a garage very often own the apartment above or beside it, and people inheriting Maltese property usually inherit a garage with it. If the garage is part of a bigger decision, value the whole holding: the free valuation tool covers the residential side, and this page's enquiry covers the garage.