Investment in Malta. Commercial, Residential property, real estate & land

In May-2004 Malta became a member of the enlarged EU and this has made it much easier for other EU citizens to live and work in Malta. Malta itself has an excellent all year round climate, a fascinating mix of cultures incorporating Maltese, English and Italian culture.  Malta is also politically and economically strong and it generally has a good health care system and has low crime.

There are only a few restrictions on buying in Malta as a foreigner and one such rule is that a foreign national buying for holiday purposes, can only buy one property and this must be over a fixed amount (approx £50,000 at last time of writing) for an apartment and £75,000 for a house, unless it is in a special designated area. Despite a few rules, Malta is still one of the easiest places to buy in, with one of the safest legal systems in property transfer.

There are no rates in Malta and purchasing costs amount to only 6 per cent of the purchase price - 5 per cent for duty on documents and 1 per cent for notary fees. There were previously many more regulations, but since Malta joined the EU, many of these regulations have been abolished.

One consideration that should be made when buying a property in Malta, is the roads which access the property, particularly if it is a new development with the roads yet to be developed. The advantages though are many, and as an investment, Malta looks like a good place, with property prices increasing since joining the EU.



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