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Property in Malta is not cheap, but it is usually a very good investment. For several decades, the Maltese housing market has seen average annual gains of around 80%. Over the past two years, most properties have increased their value by at least 20%. Property owners who rent out houses or apartments on Malta usually earn a very good return. There are no property taxes or rates in Malta.

Anyone can buy property in the islands although a government permit may be required (see below). Maltese banks often offer mortgage facilities to non-Maltese nationals, subject to status.

Expatriates who take permanent residence in Malta are required by law to purchase a property there, which must cost at least LM 50,000 (LM 30,000 for an apartment), if they are not renting property for at least LM 1,800 per annum.

Now that Malta is an EU member, non-residents who are nationals of other EU countries can buy a first property in Malta at any price level, and a second property as long as this is for their own personal residence and if the purchase price of the second property is above LM 50,000 (LM 30,000 for an apartment). A permit is required from the Ministry of Finance for purchase of the second property unless the buyer has lived in Malta for more than 5 years. The minimum purchase prices may include the cost of renovation if this is necessary. Application forms for the purchase of property in Malta, and information on the property-buying regulations can be found on the Ministry of Finance website (Acquisition of Immovable Property Section - http://www.aip.gov.mt).