Buying Property in Malta and Gozo

Why buy property in Malta and Gozo? 

Malta is made up of three main islands: Malta, Gozo, and Comino, all of which are located in the Mediterranean Sea. The Maltese islands have a rich history, architecture, cuisine, stunning beaches, and resorts, making them the perfect destination to invest and buy residential real estate. Thanks to our guides, local and foreign residents willing to purchase real estate on the Maltese islands, either to relocate or as a rental investment, can learn more about why buying the hottest property for sale in Malta and Gozo homes is a great investment.    

Furthermore, before starting the process of searching to buy a residential property in Malta, there are a few government schemes like the first-time and second-time buyer schemes, which you can benefit from. All Maltese and EU citizens are eligible for both first-time and second-time buyer schemes offered by the Maltese government. However, residents from non-EU countries cannot benefit from both schemes as they need to apply for an AIP permit to buy property in Malta. Learn more, in detail, about 10 reasons why you should purchase Malta property.

What type of buyer are you?

Buyers purchasing residential property in Malta and Gozo can be divided into four main types. These four main buyers consist of first-time buyers, second-time buyers, property investors, and retirees or foreign workers willing to relocate and purchase property for sale in Malta. Explore the different government schemes tailor-made to all local and foreign buyer types before buying Malta real estate.

Benefits of buying real estate in Malta and Gozo

Unlike in the rest of Europe, buying property in Malta and Gozo real estate, like a farmhouse or apartment for sale, has proven to be a rewarding enterprise in a stable market. Irrelevant if you are a local first-time buyer or a foreign investor, purchasing property for sale in Malta has many advantages. The following are some of the advantages of acquiring a home on the Maltese islands:

• Resale of property is allowed Repatriation of full resale price, including profits after taxes, without complications, 
• Mortgages are available for property purchased by non-residents or non-Maltese citizens residing on the islands. Once permission is granted by the Central Bank of Malta, you can borrow as much as you wish from the local banks within the established commercial conditions. 
• You can rent out your property to third parties.

Other benefits 

Other benefits of buying property in Malta and Gozo Real Estate involve:

• Guaranteed Return on Investment (ROI) that has been shown;
• No wealth or ownership tax;
• Simple final withholding tax of 5% to 8% on sale (no additional capital gains tax);
• Stamp Duty of 5%;
• Rental income is taxed at a flat rate of 15%; and
• Transfers of immovable property are exempt from VAT.

In summary, Citizens of an EU Member State enjoy the benefit that they can buy their first residential home in Malta without restriction. Permits are not required in most cases and when they are permitted, they are easily issued to all bonafide purchasers without any major requirements. Read more about a complete guide to buying property in Malta.

The buyer match

The Automatic Buyer Match consists of an intelligent software, that was developed by us. This buyer match software specifically notifies buyers searching to purchase any type of Malta and Gozo real estate listed with RE/MAX Malta about recently reduced listings or new listings on the property market. You can also view and add property agents and any type of home on your wish list, even those registered as sole agency listings and priority property listings. Start using our software today, through our website, to be the first to hear when the property of your dreams becomes available on the market.