The Malta real estate market has one of the strongest performances in Europe. The small Mediterranean country, which lies south of Sicily, offers mild winters, a strong economy, a vibrant culture, and affordable living costs. It is also an ideal place to invest in property. The demand for residential properties in Malta is fueled by year-round tourism, and rental yields have been growing at 5- to 7% per annum.
What is the rental tax rate in Malta?
Malta has a wealth of historic buildings, from ancient palaces to townhouses. Many of them have been restored, and some are still in need of renovation. New constructions are available, too. In fact, the Maltese government has set a target of building 200,000 new homes by 2023.
The best places to buy Malta real estate include the cities of Sliema and St. Julian’s, where you will find a large number of restaurants, nightlife activities, shopping centers, and stunning seaside lookout points. However, you can also choose a villa in Zebbug or Rabat to escape the bustle of city life and enjoy the tranquility of traditional villages. This Link : propertymarket.com.mt
The luxury Malta real estate market is attracting buyers from neighboring countries, Ms. Podgorska said. In the past year, her agency has worked with individuals from France and Italy who wanted to take advantage of the tax benefits. Malta is also a popular option for investors looking to acquire EU citizenship through the Citizenship by Investment program, which allows a person and their immediate family members to gain permanent residence in the country.