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Invest in property in Malta

Buying a vacation or retirement home or simply investing in real estate is a proposition that has become even more attractive since Malta became a full member of the European Union, thus ridding itself of legal complications once and for all. and finances of the past.

Maltese and foreign owned estate agents have risen to the challenge and today offer a wide range of properties from stylish apartments and cozy maisonettes to seaside town houses and country bungalows.

The trendy towns of Sliema and St Julian’s are the liveliest spots on Malta’s beautiful coastline, but the not-so-young prefer the Mellieha and St Paul’s Bay areas. Only 28 per cent of foreign-owned houses are actually in “holiday areas”, and you may prefer to buy a traditional village property with a walled garden and cool inner courtyard where the centerpiece is a fountain.

Agents call these types of homes “character homes,” and many have a distinctive Mediterranean feel with their vaulted ceilings, tiled hallways, and archways. Prices will vary depending on the areas selected and the size of the properties, but you can be sure that it will be a profitable investment. The popularity of Malta and Gozo with their virtually crime free environment confirms the wisdom of such a move. Affordability and low maintenance fees are other advantages that go into buying a house in Malta.

The same goes for the low costs of living, the juicy tax concessions and almost everyone speaks English. You will not find many places where it is so easy to integrate into the local society. Property prices in Malta are not based on offers, but you will find some great deals… if you know where to look.

Malta has long been a favorite British retirement destination, but is now quickly being discovered by other European and American home seekers wanting to live in a sun-drenched outpost.

However, before you invest in a property in Malta, you might consider renting a property instead.

Whether you are planning to visit Malta for a short, intense holiday or intend to settle here for several years, the property rental market is among the largest and most varied of any European country.

From farmhouses to villas and from apartments to rooms, you can rent or lease almost exactly what you want and where you want at prices that are, by most people’s standards, reasonable and affordable.

Those of you looking for a short stay may want to focus your attention on some of Malta’s busier areas such as Sliema, Valletta, Qawra, St Julians or Mellieha. Most types of accommodation are available to rent in each of those areas, although you’ll probably have trouble if you’re looking for family homes that generally tend to be, as the name suggests, more in the countryside. If you choose to rent further away from these busier areas, please be aware that public transport can be a bit tricky, especially if you are reaching the less populated areas of Malta or Gozo.

If you are moving to Malta more permanently and would rather rent than buy, then the island really becomes your oyster. Assuming you have your own transport, you could look for character homes in the small towns and cities, as well as the more modern options available in the major cities.

Most of the properties available for rental are privately owned and in some cases you will be able to deal directly with the owner. However, most real estate agents have rental apartments that will be happy to offer you the ideal place for a vacation or a house.

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