Malta is a beautiful island country in the Mediterranean and the decision to invest in Maltese real estate can be for personal or business purposes. Individuals who want to move or retire to Malta are looking for smaller homes, while business owners are interested in office spaces and entrepreneurs - in houses that can be used for holiday rentals.
Real estate prices in Malta
Maltese properties have various styles and features, but they all have one thing in common - an unbeatable Mediterranean charm. Apartments and houses in Malta offer spectacular harbour views and other more expensive options are available, such as luxury villas.
Property prices in Malta vary according to their type. In 2013, a slight decrease in the price of apartments was seen when prices dropped by about 2.4 percent. The average prices for terraced houses in Malta as well as for townhouses also increased.
Popular locations for property purchases in Malta include the island’s capital Valletta and also: Gozo, Sliema, Mellieha, St. Paul’s Bay and Marsaxlokk. Valletta’s waterfront remains a popular and cosmopolite location and it is close to various touristic attractions, shops, restaurants and bars. A two-bedroom apartment in Valletta can have a value of approximately 200,000 euros.
Buying a property in Malta
After a decision has been made, an initial deposit of approximately 10% must be made, so the property is reserved. An initial sale agreement is signed which binds the parties to observe their contractual obligations. A notary or lawyer can take care of the necessary legal steps before signing the final sale agreement.
After the property is bought, the new owner must register it at the Land Registry. Our company formation team in Malta
can help you throughout the legal procedure.