Buying Real Estate in Malta
Malta offers a wide variety of real estate to choose from, including modern apartments and historic houses. Choosing the right property will depend on your preferences and goals. For example, you may want to invest in a city centre or the tranquil countryside.
Is Malta good for taxes?
The Maltese property market has grown consistently over the past decade. This growth is due to a number of factors, including the country’s sunny weather and English speaking population, its strategic location as a bridge between two continents and many government incentives for businesses. It is also worth noting that the country has one of the lowest crime rates in Europe. Link : propertymarket.com.mt
For foreign investors, acquiring real estate in Malta can be profitable. Malta’s housing prices are lower than the European average and the property tax is only 5% of the cost of an object. It is also possible to buy several objects at once, which increases the liquidity and profitability of the investment. In addition, if you purchase property in the Special Designated Areas (SDA), you will not need a permit for its acquisition.
The SDA complexes are situated in popular resorts like St Julian’s and Sliema. They are popular with people moving to Malta for business or work.