If you are thinking of investing in Malta’s real estate market, here are a few reasons to consider why purchasing real property within Malta is a smart idea. Let us walk you through the procedure.
Malta is rich with its history and is home to stunning beaches and resorts making Malta the ideal holiday destination for visitors and property investors looking to buy properties in Malta or Gozo.
In the past few years the real estate market saw a surge in investment and demand. This increased demand led both foreign and local investors to purchase property for own use, as well as to lease (buy-to-rent). The primary reason foreign investors purchasing properties on Malta as well as Gozo is because of the Maltese real estate market being a secure business and thanks to this article and this article, you will know why.
A solid investment is a tradition.
If you can think of two countries in Europe which their real estate market was not damaged by the Global Financial Crisis, Malta is certainly one of them. It’s it’s not just one of them.
Solid banking ethics and the long-standing custom of Maltese public (98 percent) trusting in investing in bricks and mortar is one of the significant factors that Malta real estate market was spared the fateful real estate crash which took Europe in a flash in the past few years.
While many countries’ property markets recuperating and growing, they are not in Malta. Maltese housing market in the budget of 2014, reformed its prices during that time from 5% to 10 percent (depending on the location) and is now one of the few European countries with steady capital growth.
The availability of properties
The positive side is that whether you’re looking for real estate for sale in Malta there is an abundance of homes suitable for all requirements as well as their budget. The median cost for the most well-constructed two – or three-bedroom home in Malta is around 220,000 euros. Based on the location and the kind of property it can vary. You can look through the Malta site for property listings to browse the many options and to compare prices accordingly.
Be a resident in Malta
The launch of the Global Residence Programme has fiscally beneficial benefits that can be considered when considering moving to Malta. The program is open to Non-European Nationals at the present time However, similar schemes will be implemented through the Maltese Government before the close in the current year. As part of the requirements to be an Maltese citizen, an person applying must either purchase real property or invest in real estate Malta or Gozo as well as lease a house in one of the Maltese Islands.
What is the reason to become a resident?
One of the main benefits is that the person applying for the visa can, while having the chance to reside in the Islands be eligible for a tax-free status of 15%. This is calculated based on income that is earned from Malta and where the minimum of EUR15,000 in remittance. We always suggest you talk to the Authorised Registered Mandatory in regards to the legalities and requirements to be well-informed about the programs that are available to you.
Food and weather
I don’t feel it is necessary to discuss the weather here , but I’m guessing that our generally Mediterranean dry and hot summers, mild and occasionally wet fall seasons, and the short cool winters are attractive to people who reside in humid climates. Malta is beloved by many due to it being a place where Malta has stunning beaches that are just within a few steps of their homes. In addition, the food culture and entertainment venues are within a reasonable distance to stay away from , but are also accessible.
It’s important to note that Malta has a top quality of hotels that will eventually allow your friends who want to visit you and it’s crucial to point out it is because people in Malta are Maltese people are extremely welcoming and Maltese are able to speak use the English language as well as other languages are fluently.
CEBI, Level 3, Dar Ġuzeppi Zahra, University of Malta, L-Imsida MSD 2080, Malta