Buying Property in Malta : Aspects to consider

Daniela Bartolo | 15 Nov 2012

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With a gloomy economic outlook forecast by the International Monetary Fund (IMF) and the near-economic collapse of several countries, the global financial crisis has triggered many people to find a safe place to protect personal income or investment. Enters Malta, an island in the centre of the Mediterranean which with its attractive property prices, good location, high quality health care safety and stable economy, amongst others, tops the charts for the quality of life it offers to those who choose Malta for business, personal and investment opportunities.
 
There are several important aspects that potential expatriates must bear in mind, such as:
  • The Mediterranean climate
  • Population that is fluent in English with a high rate of speakers of Italian, French and German Malta’s political and economical stability
  • Access to the banks which are among the soundest in the world
  • Easy and very regular access to Malta by sea or air transport. 
  • Special concessions on the importation of personal effects and pets for EU citizens
  • Diverse property market with stable property prices
  • Access to financing for acquisition, development or furnishing of property
  • Possibility of buying property without the need for special permits
  • Option of acquiring property by holding companies or trusts

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