Buying a vacation or retirement home or just investing in the land may be a proposition that has become even more attractive since Malta became a fully-fledged member of the ECU Union, thus shedding once and for all the legal and financial complications of the past.
Maltese and foreign-owned land agents have risen to the challenge and today offer a huge range of properties, from stylish apartments and homely maisonettes to seaside village 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 mostly favor the Mellieha and St Paul’s Bay areas. Only 28 percent of foreign-owned homes are literally in “holiday areas,” and you’ll like better to buy a standard village property with a walled garden and a cool interior courtyard where the centerpiece may be a pattering fountain.
Agents call these sorts of homes “houses of character,” and lots of have a definite Mediterranean feel with their vaulted ceilings, tiled passageways, and archways. Prices are sure to vary consistent with selected areas and the size of properties, but you’ll be assured of a fruitful investment. The recognition of Malta and Gozo with their virtually crime-free environment confirms the wisdom of such a move. Affordability and low maintenance rates are other advantages that have an impact on house-buying in Malta.
The same goes for low living costs, juicy tax concessions, and almost everybody speaks English. You will not find many places where it’s this easy to integrate into local society. Malta property prices aren’t bargain-based, but you will find some good deals…if you recognize where to seem.
Malta has long been a favorite British retirement destination but is now fast being discovered by other European and American home-seekers wishing to measure during a sun-kissed outpost.
However, before investing in Malta property, you would possibly consider renting a property like long rental in Malta instead.
Whether you’re planning on visiting Malta for a brief, sharp holiday or intending on settling here for a variety of years, the property rental market is amongst the foremost extensive and varied of any European country.
From farmhouses to villas and from apartments to bedsits you’ll rent or lease just about exactly what you would like and where you would like at prices that are, by most people’s standards, reasonable and affordable.
Those of you trying to find a brief stay might want to focus your attention on a number of Malta’s more well-trodden areas like Sliema, Valletta, Qawra, St Julians, or Mellieha. Most sorts of accommodation are available for rent in each of these areas although you’d probably have trouble if you’re trying to find farmhouses which have a tendency to be, as their name suggests, more call at the countryside. If you are doing chose to rent further afield from these more traveled areas remember that conveyance can get a touch tricky especially if you hit the less populated areas of Malta or Gozo.
If you’re moving to Malta on a more permanent basis and like renting to purchasing then the island does really become your oyster. Assuming you’ll have transport of your own you’ll check out houses of character within the small villages and towns also because of the more modern options available within the major towns.
Most properties available for long rental in Malta are privately owned and, in some cases, you’ll be ready to affect the owner direct. However, most estate agents have letting departments that will be all too happy to line you up with the perfect place for either a vacation or a home.
