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Malta – Buying Property

Legal Restrictions on Property Ownership and Sale in Malta

Malta imposes certain legal restrictions on property ownership and sale by foreign nationals:

  • Acquisition of Immovable Property (AIP) Act: Foreign nationals may need to obtain a permit under this act to purchase property in Malta.
  • Residency Requirement: In some cases, a buyer may need to demonstrate a genuine connection to Malta or plan to reside in the property to be eligible for a permit.
  • Limitation on Number of Properties: There might be restrictions on the number of properties a foreign national can own in Malta.

It’s crucial for foreign buyers to understand these regulations and seek legal advice when considering property purchases in Malta.

Average Property Prices in Malta and Regional Variations

Property prices in Malta have been on the rise, but they can vary depending on the region:

  • Sliema and St. Julian’s: These areas are highly sought after and tend to have higher property prices, with average prices ranging from €4,000 to €6,000 per square meter.
  • Valletta: Malta’s capital city, Valletta, features historic properties with an average price range of €4,000 to €6,000 per square meter.
  • Central Malta: Towns like Attard and Balzan offer properties at more affordable prices, averaging around €2,500 to €4,000 per square meter.
  • Northern and Western Regions: These regions, including Mellieħa and Rabat, provide relatively lower property prices, averaging between €2,000 and €3,500 per square meter.

Property prices are influenced by factors such as proximity to the coast, historical value, and local amenities.

Popular Locations to Buy Property in Malta

Malta offers several popular locations for property buyers:

  • Sliema: Known for its waterfront properties, Sliema is a popular choice among both locals and expats.
  • St. Julian’s: This bustling town offers a vibrant nightlife and various property options.
  • Valletta: Malta’s historic capital city is known for its rich architectural heritage and cultural significance.
  • Gozo: The sister island of Malta, Gozo, provides a tranquil environment and scenic properties.

The choice of location depends on factors such as lifestyle, proximity to work, and personal preferences.


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New Upcoming Areas in Malta

Several emerging areas in Malta are attracting property buyers:

  • Marsaskala: Located in the southeastern part of Malta, Marsaskala is gaining popularity due to its coastal charm and affordability.
  • Marsa: This urban area is undergoing redevelopment, making it an attractive option for investment.
  • Zejtun: Zejtun offers a blend of traditional Maltese culture and modern amenities, making it an up-and-coming area for property buyers.

These areas may provide promising investment opportunities due to their growth potential.

Trends in the Malta Property Market

The Malta property market experiences several trends:

  • Eco-Friendly Homes: Sustainable and energy-efficient properties are gaining popularity.
  • Short-Term Rentals: Airbnb and other short-term rental platforms have influenced the property market, with investors targeting this market segment.
  • Renovation Projects: Many buyers are investing in older properties and renovating them to modern standards.

Being aware of these trends can help buyers make informed decisions in the Malta property market.

Is Buying Property a Good Investment in Malta?

Property investment in Malta can be a sound choice, but its success depends on various factors:

  • Rental Yield: Malta’s strong tourism industry can provide a steady rental income for property owners.
  • Capital Appreciation: Some areas may experience property value appreciation over time.
  • Taxation: Understand the tax implications of property ownership and rental income in Malta.

Investors should carefully assess their financial goals and perform due diligence before making a property investment in Malta.

Common Property Types in Malta and Buying Procedure

The most common property types in Malta include:

  • Apartments: Apartments are prevalent, offering various sizes and styles.
  • Townhouses: These properties often feature traditional Maltese architecture.
  • Villas: Villas are spacious and come with private gardens and pools.
  • Rural Properties: Inland areas offer rural properties with rustic charm.

The typical house buying procedure in Malta involves the following steps:

  1. Property Search: Find a property through real estate agents or online listings.
  2. Offer: Make an offer to the seller, which may include a deposit.
  3. Preliminary Agreement: Sign a preliminary agreement and pay a deposit.
  4. Notary Public: Appoint a notary public to oversee the transaction.
  5. Final Contract: Sign the final contract and pay the remaining balance.
  6. Transfer of Ownership: Complete the transfer of property ownership.

Survey and inspections may be necessary during the process.

Finding a Reputable Lawyer in Malta

When buying property in Malta, it’s crucial to engage a reputable lawyer for legal guidance. You can find qualified lawyers through the Chamber of Advocates in Malta. Legal fees can vary depending on the complexity of the transaction and the lawyer’s experience, so it’s advisable to obtain quotes and discuss fees upfront with your chosen lawyer.

Pitfalls and Problems in the House Buying Process

Expats and foreign nationals may encounter specific challenges when buying property in Malta:

  • Legal Permits: Obtaining the necessary permits can be a bureaucratic process for foreign buyers.
  • Language Barrier: Language differences may lead to misunderstandings during the transaction.
  • Taxation: Understand the tax implications of property ownership and rental income.

Working closely with professionals and staying informed about legal and market developments can help avoid common pitfalls.

Purchasing Property through a Company in Malta

Yes, it is possible to purchase property through a company in Malta. This approach can offer tax advantages and asset protection. The process generally involves:

  1. Company Formation: Establish a Maltese company.
  2. Property Purchase: Purchase the property in the name of the company.
  3. Compliance: Ensure compliance with Maltese corporate and tax laws.

Seeking advice from legal and financial advisors is advisable when considering property purchase through a company in Malta.

Keep in mind that property and company laws can change, so staying updated is essential when pursuing this option.


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