Real estate in Malta is an investment with many benefits. Malta is a popular destination for foreigners and the country’s culture, mild climate, and ancient buildings attract investors. In addition to a stable economy, it offers low taxes and visa-free travel in the European Union. Investors often purchase properties in cities such as Sliema and St. Julian’s, which offer a vibrant lifestyle with restaurants, nightlife activities, shopping centers, and beautiful seaside lookout points. They can also invest in luxury developments that feature porters, a reception area, and pools.
How many foreigners live in Gozo?
For non-EU citizens buying property in Malta, there is a one-property limit, unless they buy in a Special Designated Area (SDA). SDAs are luxury areas, resorts, or developments that encourage foreign investment. They are primarily located in the Northern and Southern regions of Malta and are equipped with services such as a school, hospital, branch of renowned language schools, and large clinics. The purchase procedure is simplified and investors can easily own several properties in SDAs. Investors pay land tax of EUR40 to EUR250 per year and are subject to rental income tax of up to 35%. Find out more
If you’re interested in investing in real estate in Malta, start by looking for property listings online and arranging a trip to Malta to view your options. When you find a property you’re interested in, hire a notary public to oversee the transaction and conduct searches. The notary will prepare the final purchase agreement and send it to the Ministry of Finance of Malta for registration. After the transaction is complete, you can move into your new home or rent it out to a tenant.