Buying a house in an exotic location is a dream that most of us have. In most instances, there are a number of misconceptions that we have about properties in different regions and countries.
We feel that everything, from the prices themselves to the actual paperwork is problematic and we should keep away.
This ignorance is what prevents many from owning a dream home in a picturesque European country like Malta. Properties for sale in Malta have been coming on the real estate market for quite some time.
However, many leading experts are of the opinion that the pandemic has made the prices too attractive to be passed upon.
- 1 List of 5 Reasons to Invest in a Real Estate Property in Malta
- 2 What is the Best Place to Purchase a Property in Malta?
- 3 The Final Word
List of 5 Reasons to Invest in a Real Estate Property in Malta
The Highest Growth Market in Europe
If you are wondering about the country that is seeing the highest year-to-year increase in property prices in Europe, it is Malta. Yes, for the last few years, Malta has been drawing everyone from Hollywood Stars to Footballers who want to spend more of their time in this increasingly dreamy archipelago. This is driving up the prices in Malta impressively.
The Promise of a European Passport after a Year
One of the single biggest attractions that buying a property in Malta comes with is the Maltese Passport. As a matter of fact, you stand a chance to get the Maltese Passport after owning a property in Malta for a period of one year. Yes, you can start the application process after you complete one year. Getting a European Passport comes with its own perks and benefits.
Living on the Mediterranean
I have never met anyone in my life that has said no to warm beaches, rich culture, leisurely living and great amenities that the Mediterranean region has to offer. Owning a property in Malta allows you to have a home on the expansive and luxurious Mediterranean coastline. This is surreal, to say the least, and definitely a once-in-a-lifetime kind of an experience.
Taxation Policies are on the Lower Side
Malta is famous in the European Union as being one of the only European countries with the lowest rates of taxation. In fact, the rules and regulations regarding taxation are so lax that many consider it to be one of the world’s greatest tax-havens. The government ensures that investments made in the country are beneficial for the investors and has in place lax tax norms.
Safety and Security are Great
If you are worried about incidents of crime in Malta, you should immediately leave that chain of thought. This is because, in the last few years, Malta has emerged as one of the safest European countries. The law enforcement and judicial bodies are strict, vigilant, and ensure that any wrongdoings are dealt with in a strict fashion. There are no cartels, mafia, or criminal groups.
What is the Best Place to Purchase a Property in Malta?
As we already pointed out, Malta is an archipelago of three islands and three islets. The three inhabited and stunning islands are-
If you are wondering about the best cities where you should get some real estate, you have a choice between seaside cities like Gzira, St. Julian, and Sliema. On the other hand, if you are looking for cities with rich and storied historical pasts, rich cultural legacies, and unending heritage sites, you can go for Veletta or Mdina.
At the end of the day, it depends on the kind of life you prefer to live. If you like the sea more and want to stay in proximity to the same, then the first options make more sense. However, if you want to stay in and about the city and enjoy its historical sites then Valetta should be on the top of your preferred list.
The Final Word
Malta has often been dubbed as one of the most famous tourist destinations in the world. However, even if you are looking for a quaint, serene, and calm living experience, Malta is not going to disappoint you on that front.
If you have any more questions about buying properties in Malta, you can always mention them in the comments section below. We would be more than happy to answer them.