Property for Sale in Malta

Location, climate, and economy

Malta (officially Republic of Malta) is a country located on the Maltese archipelago; it’s a member of the UN, EU, and Eurozone.

The climate is Mediterranean (mild winters with heavy rains, summers are dry and hot). The average annual temperature during the day is +24°C, +17°C at night. In the coldest month (January) the temperature is from +13 to +21°C, in the hottest (August) - from +29 to +35°C.

The country's economy is based on the following basic industries: electronic, food, textile, chemical, pharmaceutical, ship repair and shipbuilding industries, tourism, and crafts (chasing gold and silver, lace weaving, glass-blowing, etc.).

The real estate market in Malta: why it is profitable to buy property

Malta is known as a business center where many projects are discussed and implemented. This is due to its favorable geographical location and significant tax incentives. The country is attractive for investment for most buyers are foreigners. It is not surprising that one of the most stable European real estate markets has formed here. Real estate in Malta is in consistently high demand. Despite intensive development, there is no oversupply on the small island due to the lack of space. The cost of real estate in Malta is increasing, and experts believe that this trend will continue in the medium term.

The most popular regions are the center of the island and its northern part. The center is a business hub where high-rise buildings prevail, while the north captivates buyers with a large amount of greenery and sandy beaches; high-rise buildings and villas are offered here.

Investment options in commercial facilities are of particular interest to investors, however, for investors who are not EU citizens or who have not lived in the country for five years in a row it is difficult to obtain permission to purchase, it is easier to rent the property.

A wide range of real estate is offered for investment in housing, which is divided into two parts: ordinary residential real estate in Malta and SDA (Special Designated Areas) projects being built in special locations approved by the country's authorities. Housing in such residential complexes is of better quality, accommodation is particularly comfortable, the price is higher, and the infrastructure is more developed (gyms, swimming pools, closed courtyards, video surveillance, security, etc.). Housing in the SDA zone is constantly becoming more expensive; here you can buy several apartments, as well as purchase additional housing in other parts of the island (it is impossible to do the same when buying ordinary real estate without EU citizenship). Houses and apartments in such special locations are allowed to be rented without the consent of the authorities. A square meter in SDA is growing in price (8-10% per annum). Customer reviews confirm the high quality of housing being built.

Estimated price of property in Malta

According to the number one real estate search engine GEOLN.COM:

• minimum price of 1 sq.m. in a new building is 1,575 USD,
• apartments can be purchased on the secondary market - from 365,000 USD to 1,007,000 USD.

Due to the high dynamics of price changes, it makes sense to use information that is current at the time of the request.

Property types for sale

The following types are on the market:

• residential (primary, secondary), houses, apartments, villas, etc.,
• commercial fund (hotels, shops, offices, etc.).

Real estate website in Malta

The sale of real estate in Malta is transparent and safe, however, in order to minimize risks, you should seek advice and legal assistance from experienced professionals. The GEOLN.COM website (with a convenient search interface) contains a real estate catalog in Malta, which presents offers for the sale of objects without an intermediary, both new projects from the developers and from the owners in the secondary market.

Buying property in Malta by foreigners

As a rule, foreigners wishing to purchase real estate are required to obtain an acquisition of immovable property (AIP), which is permission to conduct a transaction (it cannot be rented, there are restrictions on the price). There are no restrictions for making a purchase in the SDA zone.

Buying property in Malta is expensive, but it is a profitable investment that creates great opportunities for high income from renting out housing in special areas, for living in Mediterranean resort conditions, socializing and working in an elite business environment.