Malta real estate for sale includes a range of residential and commercial properties, all at exceptional property values. This makes Malta real estate one of the most desirable places in Europe to invest in and live, as well as an excellent opportunity for rental returns.
The country offers a wide range of apartment complexes that blend modern architecture with traditional Maltese design. Many of these apartments are situated near the sea and offer views over the grand harbor. Others are located in the historic city of Valletta or in the southwestern part of the island, in Mdina and Naxxar.
Single-family homes are a popular choice Malta real estate for sale, too. Some are built on the outskirts of cities while others are closer to town centers and feature beautiful courtyards and gardens. There are also plenty of elegant townhouses in Malta’s towns and villages, together with classic countryside villas.
Prestige Malta properties tend to be found in areas referred to as ‘Special Designated Areas’. These locations have a low density of development and offer high-quality living at affordable prices.
Many properties on the market in Malta have been upgraded and refurbished, offering buyers a modern lifestyle with all the conveniences of home ownership. This is particularly true for the luxury segment of Malta’s property market, which features luxurious penthouse suites with panoramic views and spacious terraces.
While there are some properties available without any agents, the majority of Malta’s real estate is represented by one of the country’s top-end property agencies with recognizable names and impressive reputations. This guarantees that your property transaction will be handled smoothly and professionally.
The country’s real estate prices have increased compared to the last decade, but they remain affordable. Most of the growth is attributed to the number of international investors looking to buy property in Malta to take advantage of its tax benefits. In addition, many are buying property in Malta to qualify for its citizenship by investment program.
Buying immovable property in Malta entails a number of legal steps. The process starts with an initial promise of sale and ends with the final deed. Throughout this period, you can count on your real estate agent for assistance and advice.
You’ll need to pay a stamp duty of 3.5-5% of the property’s value, depending on its location. In addition, you must register the purchase with the Registrar of Immovable Property.
A notary will conduct a thorough search of the property’s title and ownership records to ensure that it is free of any bank or tax liens. This step is an essential part of the process and should never be overlooked. The notary will also verify that the seller is legally able to sell the property and that the purchase is in line with local building regulations. Notaries charge about 1% of the property’s purchase price for their services. Moreover, you’ll be required to sign a power of attorney to authorize the notary to perform these tasks on your behalf.