Already one of Europe’s top destinations for vacations, language courses, and retirement, Malta is becoming a popular place for property purchase as well.
Real estate agents, online searches
As the Maltese property market is very active, real estate agents can be found on every corner. It can be difficult to choose which one to use, which is why you should always follow a few simple steps and ask other expats for recommendations.
Finding the right area
Malta and Gozo are the two main islands in the archipelago and both have numerous positives depending on what you're looking for.
Buying a house
If you are looking to buy property in Malta, the process is fairly straightforward. Here are a few detailed steps to make sure you know what to expect.
Special Designated Areas (SDAs)
To buy property in Malta as a non-Maltese national, you will need to apply for an Acquisition of Immovable Property Permit. The only way to avoid this procedure is to look for a house in a Special Designated area.
Expenses of buying property
Here is a list of the expenses you will encounter when buying your new property in Malta.
Residency visas linked to property in Malta
For a foreigner owning a property in Malta, taxes can be quite high. Fortunately, you might be eligible for special tax advantages.