Buying a property in Malta is an investment that will pay off for many decades. There are plenty of opportunities to find a suitable home in the country. There are plenty of different types of property for sale in Malta to suit everyone’s lifestyle.
Malta’s real estate market has enjoyed consecutive growth in the past decade, mainly due to the international buyers who have moved there. Malta is an archipelago of seven islands. The three inhabited islands are Gozo, Malta and Comino.
A wide range of property for sale in Malta is advertised on various sites. A typical property will be listed on the website of a real estate agent, and will include pictures and neighborhood information.
Properties for sale in Malta range from simple houses to more luxurious homes. The average home in Malta is around one million euro. If you want to buy a luxury home, you can find properties for sale in the island’s most sought-after areas. Examples of exceptional new developments include Pender Place, Tigne Point and Fort Chambray.
Apartments are one of the most popular types of property for sale in Malta. They are normally one to three bedroom units. A property that can be used as a rental property is an even better investment. Most of the apartment units were built during Malta’s housing booms in the 1970s and 1980s.
Maisonettes are another popular type of property for sale in Malta. They are typically two-story houses built in residential roads in the major towns. A few of the more luxurious examples will have additional features like jasmine trees in the back yard.
Penthouses are a rare type of property for sale in Malta. A penthouse is an apartment on the property for sale in malta top floor of a building. They usually have a large terrace, and are generally more than one apartment in a building.
Buying a property for sale in Malta can be a bit tricky if you are not a Maltese resident. There are various legal issues that need to be considered. For instance, a foreigner buying property in Malta must hire a notary and perform the necessary legal searches to ensure that the title is legal. If the seller is a foreigner, he or she must register the property with the Hotel and Catering Establishments Board.
A number of the most sought-after areas for property purchases are St Julian’s, Sliema, Mellieha and Saint Paul’s Bay. The Maltese government is the largest landlord and owns a large percentage of the land on the island. This gives Malta a strong rental market.
A variety of outdoor sports are available on the island. For example, Malta has some of the best land-based sports facilities in the world. You can also find outdoor pursuits such as rock climbing. The Maltese locals also welcome visitors to their religious festivals.
Malta is a sunny archipelago, with year-round sunshine. There are beautiful natural bays and sandy beaches, as well as indoor sports centres. It’s an ideal destination for those who want a taste of European life.