Positioned strategically in the middle of the Mediterranean Sea, Malta with its beautiful climate, is the dream for many families, entrepreneurs and investors to move their life, business or investment there.

With Malta’s 700 year history, properties vary from 16th century classic style villas to ultra modern architecture. Because of this rich diversity it’s impossible not to find the perfect property for you.

According to PwC Market Research 2021 more than 40% of people interviewed lived in apartments or villas. This is the sector showing the most capital growth.

People looking for a perfect work-life balance often look to living in Sliema and St Julian’s. The combination of new residential developments, commercial and office space and restaurants in Malta’s main economical hub,  creates a wonderful environment to live.

The Cost of Property In Malta

Depending on factors like position, proximity to the sea and quality of the interior finishes and furniture can determine the cost of the property.

Price of apartments in the St Julian’s and Sliema areas vary from € 2 900  to € 8 000 per square meter with rentals costing between € 600 to € 1 750 per bedroom in the apartment, per month

Moving out to other areas like Mellieha and Gzira the cost decreases to € 1 800 to 3 500 per square meter with rentals costing between € 500 to € 900 per bedroom in the apartment, per month

The most popular requested apartment is the 2 bedroom together with Villas.

The average size of a Maltese apartment is between 100 to 150 square meters.

According to the Bank of Valletta and National Statistics Office database, the value of residential properties has increased by more than 35% since 2013. The current Real Estate market is recovering to pre-covid values.

The return on investment on rental income has averaged at an estimated 4% per annum in Malta but in the more exclusive areas the rental income has averaged at an estimated 7-8% per annum.

                   

The Benefits of Buying Property in Malta
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Malta boasts a stable and profitable property market. Unlike the rest of Europe, investing in property in Malta has proven to be a profitable venture in a consistent market.
  • Proven Return on Investment;
  • No Ownership or Wealth Tax;
  • Simple 5%-8% Final Withholding Tax on Sale (No further Capital Gains Tax);
  • 5% Stamp Duty;
  • Flat 15% Tax on Rental Income; and.
  • No VAT on the Transfer of Immovable Property.

 

 

 

 

 

 

 

 

 

 

Buying a Property in Malta as a Non-EU Resident

As a Non-EU Resident, it is still possible to acquire immovable property in Malta through an AIP Permit ( Acquisition of immovable property), as a primary residence. You are able to buy anywhere on the island, but only one property

If you are wanting to purchase a second property or an investment property to rent out you will need to buy in a SDA ( Specially Designated Area)

These zones have no restrictions to acquire a property. The high-end areas include:

  1. Portomaso Development, St. Julian’s, Malta.
  2. Portomaso Extension I, St. Julian’s, Malta.
  3. Cottonera Development, Cottonera, Malta.
  4. Manoel Island / Tigne Point, Tigne/ Gzira, Malta.
  5. Tas-Sellum Residence, Mellieħa, Malta.
  6. Southridge, Mellieħa, Malta.
  7. Madliena Village Complex, Malta.
  8. Smart City, Malta.
  9. Fort Cambridge Zone, Tignè, Malta.
  10. Ta’ Monita Residence, Marsascala, Malta.
  11. Pender Place and Mercury House Site, Paceville, Malta.
  12. Metropolis Plaza, Gzira, Malta.
  13. Quad Business Towers, Mrieħel, Malta.
  14. Pender Place and Mercury House Site, Extensions I, II, III, IV and V, Paceville, Malta.
  15. Fort Chambray, Ghajnsielem, Gozo.
  16. Kempinski Residences, San Lawrenz, Gozo.
  17. Vista Point, Marsalforn, Gozo.
  18. Mistra Heights.

 

Expenses related to the purchase of property

    • 5% stamp duty of purchase price
    • 1% to 3% notarial fee (approximate)of purchase price
    • €600 searches and registration fees (approximately)
    • €233 AIP permit fee (where applicable)