To determine if the €140,000 penthouse and garage was a fair price in 2021, let’s look at the Maltese real estate market at that time. Property prices in Malta were relatively stable, with some fluctuations depending on location and property type.
In 2021, penthouses in Malta were available in various price ranges. For example, a 1-bedroom penthouse in Birzebbuga was priced from €420,000, while a 3-bedroom penthouse in Sliema could cost around €1,700,000. A more affordable option was a 1-bedroom penthouse in Pieta, priced at a lower range.
Considering these prices, the €140,000 penthouse and garage seem undervalued, especially if it was a high-end property. However, without more specific details about the property’s location, size, and features, it’s difficult to make a definitive judgment.
