Investing in Malta’s real estate market, here are some reasons why buying real estate in Malta is a great idea. Let us guide through the process.
Hereunder you will find some reasons why purchasing a property in Malta maybe one of the safest transactions you’ll ever make:
If you can name a couple countries in Europe where their real estate market has been hardly affected by the Global Financial Crisis, Malta is definitely one of them – and perhaps the only one. Sound banking ethics and age old tradition of the Maltese general public (98%) believing in investing in brick and mortar has been a major contributing factor and reasons why the Malta real estate market avoided the ill-fated real estate crash that hit Europe by storm a few years ago. While other country’s real estate markets are still recovering, the Maltese real estate market corrected its pricing during that period by 5% to 10% (depending on the geographical area) and today it is one of the only European countries experiencing a consistent capital growth.
The good news is that whether you are looking to purchase or rent real estate in Malta or Gozo, the market has a vast selection of properties available that will suit anybody’s needs as well as their budget. The average price of a highly finished two or three bedroom apartment in Malta is approximately €220, 000. Depending on the location and type of property this will differ. One may search our Malta real estate website to view the vast selection and compare prices accordingly.
The introduction of the Global Residence Programme has fiscally beneficial advantages that may be considered if one is thinking of relocating to Malta. Available for Non-European Nationals at the present moment, however a similar scheme will be introduced by the Maltese Government by the end of the year. As part of the criteria to become a Maltese resident, the applicant must either invest in real estate in Malta or Gozo while they can also rent a property on the Maltese Islands. The thresholds and criteria may be found if you visit our Malta Residence page on this website.
One of the major advantages is the fact that the applicant may while enjoying the opportunity to live on the Islands he/she may apply for a special tax status of 15%, which is calculated on the income received into Malta, where there is a minimum threshold of €15, 000 remittance. We would always recommend that you speak to an Authorised Registered Mandatory regarding the legalities and criteria so that you may become knowledgeably informed about the schemes available for you.
I don’t think that I have to mention the weather here but I must assume that our typically Mediterranean, hot and dry summers, warm and sporadically wet autumns, and short, cool winters are very attractive to those that live in generally wet climates. Malta is adored by many because of the fact that Malta has beautiful beaches that are all a stone’s throw away from their home. Likewise, the culinary culture and entertainment areas are close enough to stay away from but also easily accessible.
It is good to know that Malta has a very high standard of hotels, which may eventually accommodate your friends that will want to come and visit you and it’s an important to mention that the Maltese people are very hospitable and that the Maltese people the English language amongst other languages fluently.