Must-Read Tips to Buying Property in Malta as a Foreigner

Must-Read Tips to Buying Property in Malta as a Foreigner

Investing in Maltese real estate comes as an attractive prospect, since the country has an active real estate market with good weather and welcoming people. Moreover, the government has enacted many rules and regulations to make the process seamless for foreigners.

However, there are many things you need to know before investing in Maltese real estate. This includes the permits required, prices, expat-friendly cities, and the properties in Malta that are more accessible to buy.

In this guide, you will learn all this and more, as we provide you with everything you need to know about buying property in Malta as a foreigner.

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Understanding Malta’s Luxury Real Estate Market

Understanding Malta's Luxury Real Estate Market

Regardless of the region, property ownership is always a hot topic. But when it comes to Malta, property ownership seems to be in the country’s DNA. In fact, the Maltese people encourage and help their children buy their first homes, as home ownership is integral to them.

The overall scope of Malta’s luxury housing is also impressive, to say the least, since it has managed to stay robust despite the Great Depression and the Greek market collapse.

Moreover, it is among the top-performing housing markets in the world, experiencing consistent capital growth. As for the country itself, it has excellent standards of living and a warm Mediterranean climate to complement them.

Hence, it is understandable why you might want to move to Malta.

In this guide, you will learn the ins and outs of the Maltese luxury real estate market, including the types of properties available, desirable locations and the process involved in purchasing a property.

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Gozo Property for Sale: Tips to Buying Houses & More

Houses for Sale in Gozo

As the second-largest island of the Maltese archipelago, Gozo attracts thousands of visitors every year. But not everyone comes to the city just for sightseeing and spending a week of leisure. Some people fall in love with the laid-back and rural charm of Gozo, intending to make it their home for a longer-term.

Finding property for sale in Gozo is not exactly a difficult feat. Still, you need to be familiar with the country’s guidelines and the legal framework surrounding real estate purchases by foreigners.

This guide will discuss how you can find the perfect Gozo property to make your home and some tips to make the process a breeze.

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Malta Condominium Act: Your Rights & Obligations

Malta Condominium Act: Your Rights & Obligations

In Malta, there are specific rights and regulations set in place for those who choose to own a condominium. The Malta Condominium Act was created to regulate the obligations of condominium owners and responsibilities of the administrators. It ensures owners have more enjoyment and protection as they invest in this type of real estate.

Understanding the Malta Condominium Act can help you gain a greater understanding of the benefits of owning a condominium or apartment in Malta. It can also allow you to discover when your rights may be violated.

Being aware of your rights and obligations can help you become a more educated and responsible condominium owner.

The act was first established in 1997, and had amendments made since. It helps to prevent the various problems that can arise with condominium ownership by clearly stating the obligations, responsibilities and rights of all parties involved.

In this guide, you’ll learn the benefits of registering your condominium, what is considered to be a part of the Common Part and what to do if you aren’t satisfied with those who work as the administrators of the Common Part. Finally, you’ll also learn how decisions are approved for a condominium that you may own or are looking to purchase.

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Finding Property to Rent Long-Term in Gozo

Property to Rent In Gozo

Gozo is the second-largest Maltese island. Aptly named, its name literally translates to “sweet” in Maltese. And there’s no reason why you can’t enjoy the sweet life on this beautiful island.

Known for its scenic hills and Azure Window, the naturally-made limestone arch, Gozo is a sight for sore eyes, with many homes and penthouses looking over the seafront.

If you plan to relocate to Malta for work or leisure, living in Gozo will be a treat. Despite being a lovely hub for water sports and serenity-filled living, Gozo is still a relatively budget-friendly place to live in. From townhouses and apartments to luxury homes, the residential options in the city are endless.

However, finding property to rent in Gozo can be a bit overwhelming — particularly if you’re a foreigner who does not understand the ins and outs of the local real estate market. This guide will explain how you can find a long-term property to rent in Gozo and the three types of tenancy contracts, one of which you will have to sign.

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How to Calculate Notary Fees in Malta

Notary Fees in Malta

When living in Malta, there will likely come a time when you have to get a document notarized. This makes it necessary to be educated about the fees involved to ensure you’re prepared for the expenses and avoid potential issues or delays. There are a few important facts to learn about calculating notary fees and the cost of the different services provided.

It’s important to begin by understanding that certain laws are in place for what notaries can charge in Malta. This means that you’ll be required to pay a minimum amount of money, but also can’t be charged higher than a specific amount. There are also certain times that you should expect to use a notary’s services.

By gaining a deeper understanding of the services that are provided by notaries, you can discover the benefits of enlisting the help of a professional. They can make it easier to complete different types of transactions quicker and more efficiently, as well as ensure that specific documents are recognized.

Read on to understand how much you’ll pay for notary fees in Malta and what you can expect from their services.

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List of Special Designated Areas in Malta

St. Julians Bay in Malta

Situated in the heart of the Mediterranean and enjoying a fabulous climate, a relaxed pace of life, excellent flight connections, favourable tax structures and full EU membership, Malta is a popular place to invest in property.

The property market in Malta is stable and has produced excellent investment returns and with no tax on ownership or wealth, it’s not hard to understand why many expats are attracted to Malta.

Read on for the complete list of Special Designated Areas

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