Malta Overseas Property Market

Malta is an archipelago right in the centre of the Mediterranean Sea, strategically placed between the southern tip of Europe and North Africa. It has a rich culture and history that dates back to the Neolithic Era.


There are only 420,000 people in Malta, with a significant number of them being British expats. There are three main islands in the archipelago – Malta, Comino and Gozo. Malta is the largest and the busiest of the lot. It is the business centre here with excellent job opportunities.


Gozo is a delight for tourists. It has a very relaxing environment and is more like a sparsely populated rural area. Comino is a beautiful island with pristine scenery and unspoiled beaches. It’s a great place to have fun at the beach and participate in water sports and other activities.


Malta is popular with tourists and with those looking to buy holiday homes because of its picture perfect climate. It’s sunny here for most of the year. It’s a great place to spend the winter when the rest of Europe struggles with the cold.


The average temperature in Malta during winter is a healthy 14-16°C. During the rest of the year, it’s a perfectly mild 23-25°C. A number of Scandinavians, Germans and Britons move to Malta especially for this reason.


Most people in Malta speak English very well. That’s understandable because the archipelago was a British colony for a long time. Malta has an excellent standard of education and health care and a very low crime rate. It is perfectly safe for children, women and retirees.


How is it likely to buy a property in Malta in 2022?

Buying property here is a straightforward decision as Malta has a similar legal system to the UK and foreigners enjoy the same property rights as locals.


All documents are written in English and property taxes are among the lowest in Europe. Capital Gains Tax (CGT) on the sale of property in Malta has been just 12% on the transfer value or the selling price, provided the property is your primary residence.


Malta has a very business friendly structure. The island stretches for only 121 sq. miles and property prices here have been increasing by over 10 percent every year. It is also a very mature market and it’s very difficult to get your hands on the best homes and apartments, especially those near the beach. They are hard to come by.


As an investment, real estate in Malta is worth the money. The rental market here has certainly exploded.


Malta has several incentives for overseas non-EU investors such as the Individual Investor Program, which offers a path to Maltese citizenship to those willing to make an investment of 1.15 million euros in the archipelago.


So who buys in Malta? Britons are obviously the biggest buyers of Maltese real estate. They are followed by Swedish, Norwegian, German and French buyers. There is also a substantial interest from China and the Middle East. Generally, 40 to 50 percent of the real estate sales in the archipelago are made to foreign buyers.


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