Table of Contents
- Buy Investment Property in Malta, in 2023
- Why Buy Property in Malta?
- Malta Locations for Buying Property
- The Harbour
- Valletta - Capital City of Malta
- The Central region
- The South region
- The North region
- Gozo Island
- Steps To Buy Property in Malta
- Malta Residence Permit and Citizenship for Exceptional Services by Direct Investment
Buy Investment Property in Malta, in 2023
Recently, Malta has become a popular destination for international property buyers to buy property for Malta Residence, as a Holiday home or as a Buy-to-Let property. The recommended areas for property purchase in Malta are Special Designated Areas (SDA's), where there are no restrictions on foreign buyers, and these Developments offer luxury lifestyle, including pools, gyms, and beachfront locations. New SDA's open in 2019 include Apartment blocks, in South Malta, within Tigne Point and Pender Gardens, and the Shoreline.
Foreign investors can apply for Malta Permanent Residence (Malta Golden Visa) or Malta Citizenship for Exceptional Services by Direct Investment. To be eligible for High Net Worth Immigration to Malta, Investors just need to buy a property valued at a minimum of 320,000 Euros, and they can include their family members and dependents in the application. Therefore, buying property in Malta is a fast and efficient method of obtaining Malta Permanent Residence or Citizenship for High Net Worth Individuals from non-EU countries. Contact our Malta Immigration Consultants and Lawyers by telephone or visit us in our offices in Brisbane, Australia, Singapore, Hong Kong, London, UK and Lisbon, Portugal.
Why Buy Property in Malta?
Outlined below are reasons to buy property in Malta, in 2023:
1. Property Prices are Increasing - According to a Knight Frank LLP Global House Price Index, Malta has edged out Hong Kong to take the prize for the country with the highest residential price gains in the June 2018 quarter. Based on figures taken from Malta's own Central Bank, home prices on the island rose some 17 per cent in the three months to June 2018, when compared to the same period in 2017, which means Malta is the fastest-growing property market in the world.
2. High Economic Growth - Malta's growth rate has been forecast to reach 5.6% in 2018 and 4.5% in 2019, and Malta's GDP growth rate is one of the highest in the EU.
3. Business Investments in Malta - Investment is expected to grow strongly in 2019, supported by projects in the health, technology, and telecoms sectors. In addition, big-name companies are choosing to be based in Malta, in the financial sector, iGaming companies, pharmaceuticals, and aviation firms. Furthermore, Malta is the first jurisdiction worldwide to regulate Bitcoin, cryptocurrencies, and blockchain technology.
4. Safe Investment - Malta's property market remains a safe, solid, and comfortable investment for both local and foreign investors, with property prices still being affordable for most investors.
5. Low Stamp Duty - In 2018, the Malta government decreased the stamp duty charged on properties on the island of Gozo, from five to two per cent.
6. EU Country - Malta has been an EU member country since 1 January 2008, and uses the Euro currency. It is also a member of the Schengen Area since December 2007.
7. Malta Citizenship for Exceptional Services by Direct Investment - The new Maltese Naturalisation for Exceptional Services by Direct Investment commenced in September 2020 with the intention to encourage and stimulate investment in Malta property.