Buying a retirement or holiday home o simply making investments in the real estate is a proposition that has become quite attractive since Malta has emerged itself as a permanent member of the European Union. This aspect has shed, once and for all, the financial and legal complications of the past.
Malta natives along with foreign-owned real estate agents have risen to the challenge and today offer a wide range of properties for sale in Malta, from homely maisonettes and luxury apartments to country bungalows and seaside village houses.
The developed towns of St Julian and Sliema prove to be the liveliest spots on Malta’s amazing coastline, but the not-so-young generally prefer the St Paul’s and Mellieha Bay areas. Around 30 percent of foreign-owned homes are basically located in the ‘holiday areas’ and you may prefer having a traditional village house with a walled garden and amazing interior courtyard where the centerpiece turns out to be a pattering fountain.
Such homes are called as ‘houses of character’, and many have a unique Mediterranean feel with their tiled passageways, vaulted ceilings, and archways. Prices of real estate in Malta vary according to the sectors and size of properties, but you can be assured of a fruitful return on investment. Malta, being the safest country today, ensures the wisdom of such a great move. Low maintenance and affordability are some of the other vital advantages that have a bearing on real estate buying in Malta.
The same goes for low living costs, amazing tax incentives, and nearly everyone speaks English. You do not have to look around for places where it is easy for you to integrate into the locals. Real estate in Malta is not bargain-based, but you will find some great deals – if you know where to look for.
Malta has long been the most preferred British retirement destination, however, it has been quickly discovered by other Europeans and U.S. home-seekers, who wish to live in a sun-kissed outpost.
However, before you consider investing in Malta’s real estate, you may consider renting out a property instead.
Whether you are planning a sharp holiday, a short trip to Malta, or want to permanently settle down, the property rental market is amongst the most varied and extensive of any European country.
From apartments to bedsits to villas to farmhouses, you can lease or rent pretty much exactly whatever you want and where you want to rates which are, by most people’s standards, quite affordable and reasonable.