Malta Property Market reaping fruit from smart Government investments

Although property prices have reportedly gone down in certain segments of the market, the National Statistics Office has reported that registered property sales have been steady throughout the last year and almost at par of what was registered in 2008. The global economic crisis has had little effect on the
Malta property market with great thanks to the solid banking institutions in Malta who have been conservative but shrewd in their business practices. In what has been a year of misery for some European countries, the Maltese Government has continued to invest heavily in ICT, gaming and other industries. The result is that Malta is now seeing the fruit not only from the number of companies interested in setting their
businesses up on the island but also from current economic activity from licensed company employees and executives. This has generated a multiplier effect throughout the economy which has specifically affected the property market not to mention other industries that is said to have generated over €15 million in revenue.

Benefits of Buying Property in Malta
Besides developing and investing in niche markets, the Maltese Government also targets foreigners to Malta through its a beneficial Residence Scheme, where one may take advantage of its low income tax rate of 15% on income received to Malta and no real estate  tax amongst other interesting benefits. The only main requirement is that one has to purchase or rent an apartment in Malta. Purchasing a property in Gozo or Malta is a relatively easy process whereby one would have to sing a promise of sale which binds the vendor and the buyer to a period of time where all title researches are done on the property in Malta or Gozo are done, paper work for mortgage should be sorted out as well as an AIP permit if required.  Contract would be signed and keys of the property in Malta would be exchanged.

it is recommended that anyone searching for a property in Malta should seek advise from a reputable real estate agency in Malta.

Property in Gozo, Malta

Gozo is a gem to anyone that lays their eyes on the beautiful sister Island of Malta. It is a much quieter Island thanks to the fact that it is very green and there is space or rather ample land between it’s villages. The Island is a perfect place where one can really sit back and relax, either at their own home if you’ve purchased a property in Gozo or in one of the especially equipped rental homes available around the Islands. The sea is practically walking distance from anywhere on the Island though it is still recommended to rent a car.  Views are spectacular, especially from Dwejra Bay where one can see the Azure Window.

There is also a very good entertainment life in Gozo. Some of the restaurants are exquisite offering a variety of local cuisine as well as meditteranean cuisine. There are plenty of British style pubs, cafe’s as well as night clubs that are located all around the Island. A few of the restaurants are even listed as one of the best of the Islands through the ‘Definitely Good Guide to Restaurants’ which is published yearly.

The selection of properties is vast from standard apartments …. Read more on Property in Gozo, Malta

Property in Ta’ L-Ibrag, Malta

Ta’ L-Ibrag is a recently developed town which has flourished over the past years. Yet it has remained a very quiet residential area. Being only a few minutes away from Paceville, Malta’s entertainment centre, it is close to all amenities such as pubs, restaurants, shopping mall and the beach. The Ibrag chapel of Our Lady Immaculate Mother of God, built more than 30 years ago, is of great importance to Ibrag residents.

The Ta’ L-Ibrag property market accommodates various new apartment and maisonette developments as well as Villa and Bugalows with or without their own private swimming pool.  Terraced houses are also popular.  Ta’ L-Ibrag is also a favourite for rental properties.  Ex-patriates find the location ideal as it is near to the Verdal International School and Luxol Football Grounds.

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