Invest in property in Malta
Buying a vacation or retirement home or simply investing in real estate is a proposition that has become even more attractive since Malta became a full member of the European Union, thus getting rid of legal complications once and for all. and finances of the past.
Maltese and foreign-owned estate agents have risen to the challenge and today offer a wide range of properties, from stylish apartments and cozy maisonettes to seaside townhouses and country bungalows.
The trendy towns of Sliema and St Julian’s are the liveliest spots on Malta’s beautiful coastline, but the not-so-young prefer the areas of Mellieha and St Paul’s Bay. Only 28 percent of foreign-owned houses are actually in “holiday areas,” and you may prefer to buy a traditional village property with a walled garden and cool interior courtyard where the centerpiece is a fountain.
Agents call these types of homes “houses of character,” and many have a distinctive Mediterranean feel with their vaulted ceilings, tiled hallways, and archways. The prices will vary according to the selected areas and the size of the properties, but you can be sure that it will be a fruitful investment. The popularity of Malta and Gozo with their virtually crime-free environment confirms the wisdom of such a move. Affordability and low maintenance fees are other advantages that influence the purchase of a house in Malta.
Ditto for low costs of living, juicy tax breaks, and almost everyone speaks English. You won’t find many places where it’s so easy to integrate into the local society. Property prices in Malta are not based on offers, but you will find some great deals… if you know where to look.
Malta has long been a favorite British retirement destination, but is now rapidly being discovered by other European and American home seekers who want to live in a sun-kissed outpost.
However, before investing in a property in Malta, you might consider renting a property instead.
Whether you are planning to visit Malta for a short, intense holiday or intend to settle here for several years, the property rental market is among the largest and most varied of any European country.
From farmhouses to villas and apartments to rooms, you can rent or lease almost exactly what you want, where you want at prices that, by most people’s standards, are reasonable and affordable.
Those of you looking for a short stay may want to turn your attention to some of the most visited areas in Malta, such as Sliema, Valletta, Qawra, St Julians or Mellieha. Most types of accommodation are available to rent in each of those areas, though you’ll probably run into trouble if you’re looking for family homes which generally tend to be, as the name suggests, more in the country. If you choose to rent further away from these busier areas, be aware that public transport can be a bit of a hassle, especially if you arrive in the less populated areas of Malta or Gozo.
If you are moving to Malta on a more permanent basis and would rather rent than buy, then the island really becomes your oyster. Assuming you have your own transportation, you could look for houses of character in the towns and small cities, as well as the more modern options available in the main cities.
Most of the properties available for rent are privately owned and in some cases you will be able to deal directly with the owner. However, most real estate agents have apartments for rent that will be happy to offer you the ideal place for a vacation or a home.