Below are a few reasons to consider why Malta luxury real estate could be among the most secure purchases you’ll undertake:
Traditionally, a Solid Investment
If you could name two countries in Europe that have a real estate market has relatively unaffected in the Global Financial Crisis, Malta is certainly one of them and possibly it is the sole one. A sound banking ethic and an traditional traditions of Maltese population (98 percent) who believe that they can invest in bricks and mortar is an important factor in the reason why Malta property market has not suffered the unfortunate real estate market crash that took Europe with a vengeance just a few years ago. While other countries’ property markets recovering however, they are not in Malta. Maltese property market has reformed its price during this time by 5%-10 10% (depending on the geographic area) and it is one of the few European countries with a constant increase in capital.
Properties are available for sale
The positive side is that whether you’re looking to purchase or lease property within Malta or Gozo there is a an array of properties that can meet everyone’s requirements and their budget. The cost of an extremely finished three or two bedroom home in Malta is around EUR220 000. Based on the area and the type of property, this can vary. You can browse the Malta property website for real estate to see the many options and to compare prices accordingly.
Residency is a requirement
The launch of the Global Residence Programme has fiscally advantageous advantages that can be considered when considering moving to Malta. The program is open to Non-European Nationals at the present moment, but a comparable program will be launched through the Maltese Government before the close in the current year. As part of the requirements for becoming an Maltese resident, the person applying must either purchase real property within Malta or Gozo as well as lease a house in one of the Maltese Islands. The requirements and thresholds for obtaining residency can be found on the Malta Residence section on our site.
Why should you become a resident?
One of the main benefits is that a person who is having the chance to reside in the Islands be eligible for a tax-free status that is 15%. This is calculated based on income that is received in Malta and where it is mandatory to meet a of EUR15 1,000 to be remitted. We recommend seeking advice from the Authorised Registered Mandatory in regards to the legalities and the criteria to be well-informed about the programs which are available to you.
Food and Weather
I don’t believe it is necessary to discuss the weather here , but I’m going with the assumption that our typical Mediterranean dry and hot summers, hot and occasionally wet fall seasons, and the short cool winters are appealing to those who reside in humid climates. Malta is beloved by many due to its beautiful beaches. Malta has gorgeous beaches that are just in a short distance from their residence. Also, the cuisine and entertainment venues are just a few minutes far from, yet are easily accessible.
Hospitality
It’s important to be aware that Malta has a top quality of hotels that will eventually allow your guests who want to visit your home and it is important fact to point out how people in Malta are Maltese people are extremely welcoming and Maltese are able to speak are able to speak the English language as well as other languages proficiently.
Oyster Christie’s International Real Estate Malta
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