Malta and Gozo streetscapes present a very particular scenario to the new visitor who has never before experienced the islands’ character and lifestyle. The similarities and diversities from street to street are very obvious, yet they are sometimes so subtle that they become hard to pin down. It all boils down to tradition, practicality and a way of life that accentuates island living, Mediterranean temperaments and lots more besides.
Take doorways of Malta Property. Keen photography enthusiasts will find food for inspiration here. The older doors can be pokey little affairs that lead into decades-old Houses of Character in Malta, just as they could become huge and imposing prima donna affairs equipped with gigantic brass knockers, shoe mud scrapers, dainty bell-pulls and fronted by complexly decorated wrought iron gates. One particularity linked closely to the country’s religious ties is the proliferation of holy niches, religious figurines and Christian emblems that are usually embedded next to the house name or door number and very often also lit up with a miniature lantern. House names of real estate in Malta can be quite entertaining – ranging from that of the village patron saint, to the name of the Australian city from where the family repatriated, to bizarre combinations created out of the owners’ names. And then there is the ‘hasira’, very often placed right in front of the main door – a kind of curtain made of spliced bamboo reeds that is used to keep the sun out and retain the cool ambience indoors.
Then there are the windows. Now in a country that has been through such a lot historically speaking, it is not surprising to see windows that have a Moorish slant, others that seem to pop out of a Spanish hacienda and still others that emulate those very English bay windows. A general rule- the older the piece of real estate in Malta is, the smaller the windows. One can virtually trace the island’s history just by observing the architectural nuances. For instance – observe the balconies. The closed wooden framed balconies are a traditional characteristic harking back to the very ancient ‘muxrabija’ or peep box of Middle Eastern origins. Naturally the large balconies are now a far cry from the small peep boxes but the concept is very much the same.
Open balconies are good excuses to utilise as makeshift green areas with pots of plants and flowering species to beautify a façade. This perhaps harks also back to the age-old tradition of placing a flowering geranium in a pot on a windowsill visible from the street to announce that the house has a daughter of marriageable age and available for proposals. Now the flora has changed somewhat and whilst geraniums remain strong Mediterranean favourites preferred for their colourful hardiness, the wide variety of plants makes for a very diverse mix and match of natural embellishment.
Modernity has slowly seeped in to influence architecture as well and encourage change. Even balconies, front doors, and windows have moved on with the times and at times one will be faced with a façade that encompasses a number of characteristics as diverse as all the different influences that they echo. Yet the total look remains surprisingly one of homogeneity and interest.
Buildings are now becoming higher and apartment blocks are the order of the day. Yet even the Maltese know full well that nothing beats a typical Maltese house of character or townhouse for uniqueness in design, key features and a homely feel and look to a house. Whatever the style, age and character of a building, the strong favourite characteristic remains good old globigerina limestone which is that milky cream stone that is the be-all and end-all of Maltese constructions. Whilst man-made concrete bricks have stepped in to replace limestone, the soft indigenous stone had kept its stead and is still quarried in different parts of the islands and appreciated for its flexible characteristics.
Written by Marika Azzopardi
Marika Azzopardi is a freelance writer and journalist. A frequent contributor to national English language papers and magazines, she writes about a bevy of topics including art, people and life in general. She is also the author of children’s books and short stories, delving into adult fiction from time to time.
When talking to people involved either in the Malta property market or in the auctioneering business, one is struck by the fascination with antiques that has gripped the local home-lovers.
When in the mid-60s the laws governing the importation of foreign furniture were revised it seems as if the passion to own antique furniture, pottery, porcelain, silver, glass and metalwork objects was given a boost. The advent of Fondazzjoni Patrimonju Malti Fondazzjoni Patrimonju Malti (Maltese Heritage Foundation) in January 1992, besides highlighting the islands’ cultural heritage and its welfare, was instrumental in creating an awareness about the joys of possessing antique objects which could boast of an existence beyond that of its owners.
The art of collecting anything really, antique or modern, is limited by two factors; the money available and the space that it would occupy. Having determined these essentials it then becomes a personal matter. The taste of the collector may lead to watches or clocks, teapots, or innumerable other things. The lucky acquisition of an admired piece may lead to a determination to get more of the same, branch out onto other items, or at least to find out what the admiration is all about.
RE/MAX Malta will be one of the main sponsors of the Maratona Volleyball, organised by Id-Dar Tal – Providenza from 6.30pm on the 8th July straight through to Saturday the 10th July at midnight. The company will be sponsoring as well as a providing a helping hand during the event. Forty local players were chosen to participate and play during the 53 hour marathon.
The aim of Id-Dar Tal Providenza is to offer a family like household for persons with disability that for some reason or another couldn’t remain living with their own family. At the moment, the home houses over 100 residents and are in need of three and a half million Euros per year to maintain their facilities and provide the special services that they offer.
Commenting on the event, Regional Director Jeffrey Buttigieg said “RE/MAX is committed to giving back to society. This is not only a local culture but it is also part of the International culture where RE/MAX is involved in various charities and donates millions of Euros per year.”
If you are thinking of buying a property in the Mediterranean where the sun shines 365 days a year, you have come to the right place. Not only because the Sun does shine throughout the year but because Malta offers a very advantageous tax advantage if you were to buy a property in Malta and become a resident. Read on to learn more……. (more…)
According to sources close to the Malta property market, there seems to be one piece of furniture that is desired by most of the contemporary house buyers. These comprise the younger generation, or the first-time-buyers, right down to expatriates and other foreigners seeking real estate in Malta or Gozo.
As some ancient auction catalogues witness, Maltese furniture on the local market has always been around. However until the late seventies, when compared to other existent and imported furniture, Maltese antique furniture was not so much in demand. Malta’s colonial era, with its heavy dependence on the presence of the British Forces, had encouraged the consideration of certain foreign furniture as more prestigious and, in say catalogues from the 1940’s, the EM symbol, standing for ‘English Made’ frequently embellishes descriptions in catalogues.
Since the eighties however, following a period of stringent restrictions on the importation of antique furniture, indeed all furniture, under the auspices of protecting the local manufacture, saw a dwindling of requests in furniture emanating from a foreign market. Interest had shifted until it became focused on Maltese furniture and that naturally entailed a more inward looking search for Malta-made goods in general.
The past three decades have experienced a complete renaissance of the Malta-made product which now graces the antique market that has, as result, grown considerably in confidence. Besides, in these days of credit-crunch difficulties it has come to embrace fairer and sounder investments. Maltese antique furniture has become a most lucrative opportunity. This may be gauged by the mushrooming of local antique shops each with their own niche markets; a new and younger generation of buyers together with a stronger awareness and knowledge for the antiques world. Fairs, exhibitions, antiques courses, and well advertised and attended auctions also contribute to a general strong market feeling.
All these changing trends however, have never infringed on that ‘one piece of Maltese furniture’ whose value and appreciation has withstood the test of time, having gained the respect of buyers throughout generations.
More commonly known as l-Arloġġ tal-Lira (the one-pound clock) this unique Maltese wall clock could be found in palaces, convents, stately homes and Auberges of the Knights of the Order of St. John, especially during the late 18th century. Apart from telling the time, these clocks also served a decorative purpose. This rendered the clock’s case designer, as different from the actual maker of the clock movement, into a very important artisan.
A knowledge of fashionable taste, an understanding of furniture design, proportion, the rules of architectural composition, the art of ornament and an ability to appeal to the purchasing public, in this case, a discerning clientele, was, and still is, the responsibility of the case designer.
With comparatively rare exceptions such designers have remained anonymous in contrast to our knowledge of the actual clockmakers. With such decorated clocks it seems that this happened everywhere else in Europe except for one notable exception. In France of the eighteenth century, the case design of clocks was considered to be such an art-form in itself, that one may find lists of the case designers, but not the clock-makers whose work with the movement of the clock, was judged to be a necessary but not a dominating feature of the product.
The origin of the Maltese clock is unclear. What is remarkable is that a small island country was able to sustain an indigenous clockmaking trade. They were produced over a period of around one hundred and fifty years solely for the local market at a time when only the aristocracy and the Church could afford them.
The older and more prestigious ones are often visually decorative; gilded and coloured. The dial painted with scenes or flowers, and the general effect is always pleasing. The clocks also contain varied images of landscapes and seascapes while some have floral motifs. Some feature scenes of Mdina and the Grand Harbour. Early examples had just the hour hand and later ones also had a minute hand.
My interest in antique Maltese clocks was instilled by the magnificent exhibition organised by Fondazzjoni Patrimonju Malti. It was held in April 1992 in ‘The Great Hall’ of the Auberge de Provence, Valletta, and seventy-three examples of these clocks were displayed, together with a selection of mantel and grandfather types. Also exhibited were some clock movements including one from a turret clock, various sundials, and a full-scale diorama of a fully equipped clockmaker’s workshop of the period. The vast variety of the uniquely lavish and ornate baroque timepieces on display in this memorable exhibition were manufactured exclusively in the Maltese islands. I wonder how many of these clocks can be found around the Islands of Malta in Malta properties that were rented in the old times and if the owners even understand the value, not only monetary.
When you first walked into your new Malta property, you were faced with a bare paved back yard. It could have been a bare terrace, or a bare patio. Whatever sort of outdoor space your piece of real estate in Malta could boast of, was very outdoor but also very bare. Glum predicament, and although the Malta real estate agent tooted about it and its potential, now that you’ve bought it, you still have to find a way of arousing that potential. If you don’t exactly have green fingers, then you will need some practical advise on the easy way around getting it revamped.
First consider how large your given space is. Then determine what you want to do in it. If its small size fluctuates somewhere between that of a spare bedroom and a bathroom, then you are probably just hoping for enough elbow space in which to stretch out and gasp in some fresh air. But don’t lose heart – even the pokiest outdoor space can be totally transformed if you only put your mind to it.
Clear up the space from any rubbish in the corners and take stock of the character of the place. Does it have high walls all around? Does it have a balcony which overlooks a lovely sight or one which overlooks more brick and mortar? Does it lead anywhere else?
Is the outdoor space very sunny, semi-shaded or very shaded? This will determine the kind of plants you will need to include when you start off your greening list.
Decide on a colour scheme. You might fancy terracotta walls or whitewash, or a primary colour like blue. You might decide to have some sort of mosaic detail on one wall or perhaps just leave the walls in natural stone and decorate with the greenery. One of the most exciting walls I have seen was a whitewashed backyard wall carrying an impressive collection of terracotta sun plaques.
For those who are faced with four bare walls, the good news is that bare walls are excellent for climbing plants. These can be helped in their climbing by the addition of pretty wooden or plastic trellises that can be easily attached to the wall. If you seek the advice at a reliable nursery, you will be able to get a fast-growing plant which potentially also produces flowers, such as the white stephanotis. Using this plant against a terracotta coloured wall is great for visual impact.
Choose succulents such as the Paddle Plant or the Sempervivum for sunny areas. These grow so easily in Mediterranean Malta. If you manage to get cuttings of varied succulents from the neighbours, just leave each cutting sitting on a ledge to dry in the sun, and once the cut-off stem has dried out completely, plant in the soil and water sparingly. You can plant multiple cuttings in one trough or large round pot, to eventually get a lovely crowded effect. Succulents grow with minimal care and thrive best in sunny places which offer just some dose of shade during the day.
Get hold of geraniums. Geraniums, both regal and not, will grow brilliantly and thrive where there is sun. Don’t try to plant them in shady places – they will just wilt away.
For shadier places choose simple things like the Asparagus Fern, Flowering Begonias, Spider Plants or Umbrella Grass. The latter loves having its tootsies immersed in water.
Choosing pots that complement your idea of a haven. If you’re after a modern look – choose elegant stream-lined shapes and bold colours. If you’re after a more country-fairy look, choose natural terracotta and rounder shapes. For the classical look try porcelain pot holders. Always put saucers beneath the pots as Maltese summers are very dry and water must be conserved as long as possible. Once the rain starts, turn the saucer upside down and put the pot on it like a pedestal.
Adapt garden furniture according to your space. A hammock can be hung from two sturdy hooks on either side of the yard; a small round garden table and a couple of chairs; a wooden bench in one corner. Try wind chimes, plaques, festoons, hanging flowering pot plants and coloured cushions to make the transformation complete.
Redesigning or nuturing your backyard/terrace will not only benefit your well being but will also add to the value of your Malta property, especially if it is flourishing during the time that you are selling your property in Malta. A buyer would definately appreciate what they see and won’t get a bad impression if your were to leave it bare.
Marika Azzopardi is a freelance writer and journalist. A frequent contributor to national English language papers and magazines, she writes about a bevy of topics including art, people and life in general. She is also the author of children’s books and short stories, delving into adult fiction from time to time.
When one is involved in theatre one is immediately aware of lighting. Putting it crudely: it either makes or breaks your set design.
Having spoken to friends who are involved in the Malta property market I get the impression that most home buyers treat home-lighting as an afterthought. In fact the subject is treated as part of their list of accessories to be dealt with in conjunction with the home’s final touches. (more…)
Luxuriously furnished, bright, corner, two bedroom APARTMENT set in prime location. Layout also includes of an open plan kitchen / living / dining, guest bathroom and box room.
Have you ever dreamt of moving abroad to an English speaking Island in the middle of the Mediterranean where crime is practically non-existent, the climate is pleasant throughout the year, the standard of living is high and the cost of living being reasonably low? Well, you can stop dreaming because your wishes may even be closer than you think. You might just want to start packing your bags after you read this.
For some years now, Malta has become a popular destination for South African Nationals (amongst people from other nations) who have headed to this Mediterranean Island country to take up residency and live a lifestyle that up to that time did not seem could be a reality. English is very widely spoken, in fact it is the second language by most of the locals who are also well known for their very friendly nature thus making it easier to integrate into the Maltese community and understand the way of life and the general system. It is in fact no casual coincidence that there is already a sizable expatriate community made up of foreigners who are in Malta on work assignments, permanent residence holders, retiree’s as well as business travelers that keeps growing from year to year.
Malta enjoys several double taxation agreements with various countries including South Africa. There are two types of Residence status that one may take up in Malta. In both cases, one must purchase or rent a property in Malta.. Individuals residing in Malta are taxable only on income arising and/or remitted to Malta at the applicable rates depending on the residence status one has opted for.
The property market in Malta might be an interesting prospect. It is an ideal investment as well as the perfect home away from home. The procedures are straight forward and foreign investors are encouraged and assisted actively by government to invest in Malta. There are also options to set up business in Malta where Malta has become a hub for the IT, financial and gaming industries amongst others due to their tax advantages.
Residents Scheme Regulations, 2004
One may take up residence in Malta by obtaining a certificate from the Inland Revenue Department, which certificate is issued for an indefinite period as long as certain conditions are satisfied on an annual basis. Holders may therefore reside indefinitely in Malta and may enter and leave Malta as and when required without the need of any other formalities.
The following is a list of incentives and advantages applicable to holders of a certificate in terms of the Residents Scheme Regulations:
A low flat rate of income tax of 15% with a minimum tax liability of €4,230 per annum after double taxation relief.
Malta’s tax legislation provides for relief from double taxation, whether through negotiated double tax agreements with a substantial number of countries worldwide, or through unilateral provisions. In the case of South Africa the following double taxation rates apply.
Dividends
Interest
Royalties
Minority
Minority
% required
Non Treaty
Rates
Non Treaty
Rates
Non Treaty
Shareholding
Shareholding
to qualify for
rates
rates
Majority
Shareholding
5%
5%
N/a
0
10%
0
10%
12q
There is no real estate tax in Malta. Tax on capital gains arising from the sale of real estate in Malta does exist but residents are exempt if they have used the property as their main residence for three consecutive years immediately preceding the sale and the property is disposed of not later than one year of vacating it.
Duty, at 5%, is chargeable only at the time of the purchase of real estate in Malta.
Conditions for Application
One must own worldwide capital of at least €352,000 (or equivalent) or have an annual income of not less than €23,500 (or equivalent) arising outside Malta. The permit holder is also required to remit €14,100 per annum (plus €2,350 for each dependant, including the spouse) into Malta. The minimum remittances must not be repatriated out of Malta.
Furthermore, a holder of a Residents Scheme certificate is required to purchase or lease property in Malta, having the following minimum values:
Purchase of apartment: €98,067;
Purchase of any other type of property: €1 74, 703;
Lease of residence: €4,193 per annum.
Application Process
The application form has to be accompanied by the following documents:
A copy of the applicant’s birth certificate and/or marriage certificate, as applicable;
Five passport-size photographs in respect of the applicant and his or her spouse and dependants (where applicable);
A police conduct certificate in respect of the applicant and his or her spouse (where applicable) from the police authorities nearest to the place of residence.
A copy of the personal details page in the applicant’s passport as well as that of his or her spouse;
A financial certificate from the applicant’s bankers, accountants or a financial institution, stating that the applicant has an annual income in excess of €23,000 (or equivalent) or a minimum capital of €349,000, and is able to transfer €14, 100 (or equivalent) per annum. The €14, 100 must be increased by €2,350 for each dependant whose name appears on the application (e.g. for an applicant and spouse the amount required is €16,450);
A self-declaration stating that the applicant shall remit to Malta the minimum amounts required.
A copy of either the deed of purchase or the lease/rent agreement if the applicant already owns or rents/leases property in Malta. If the applicant does not already own/lease property in Malta a copy of such deed/agreement is required to be produced at the point in time when one actually takes up residence in Malta this being not later than 12 months after the date of issue of the residence permit.
A fee of €230 is payable upon application to the Inland Revenue Department.
All the above documents must be certified by a Notary and apostilled by the Ministry of Foreign Affairs in the country of nationality.
Timing
The issue of a certificate typically takes around three months from the date of the application. The minimum amount of tax shall be payable within thirty days of approval of the application and shall be credited against the tax due for the first year of residence. The holder of a permit must take up residence within 12 months from the issue of the said permit.
Endorsement of Passport
Non EU citizens are required to have their passport endorsed with the residence stamp. This is obtained by filing an application with a separate department, which stamp is valid for a period of one year and may be renewed on an annual basis as long as the annual conditions on the residence permit certificate have been fulfilled. A fee of €23.29 is payable to the respective department on submission of the application.
Other Residents
This scheme is intended for individuals seeking to transfer their tax residence from high tax countries to those offering lower tax regimes.
An individual who is economically self-sufficient must prove to the authorities that he or she is in receipt of an annual income of €23,000 if married and €14,000 if single.
An individual may also become a resident of Malta as a consequence of taking up employment in Malta. A foreigner taking up such employment would require employment permission, which would be applied for by his employer. Tax Benefits as outlined under the Residence Scheme above will however cease to be applicable to be replaced by rates as shown in the below table.
Taxation
For tax purposes an individual is normally regarded as being resident in Malta for a particular year if, in that year, his stay in Malta exceeds 183 days.
The applicable income tax rates are, however, the normal rates of income tax applicable to residents, which are as follows:
‘Married’ Rates
‘Single’ Rates
First
€ 11,900
Nil
First
€ 8,500
Nil
Next
€ 9,300
15%
Next
€ 6,000
15%
Next
€ 7,500
25%
Next
€ 5,000
25%
Over
€ 28,700
35%
Over
€ 19,500
35%
Married couples may also opt for “single” rates individually on certain income.
Non EU citizens are required to have their passport endorsed with the residence or employment permit stamp depending on the purpose of residence. This stamp is obtained by filing an application and is valid for a period of one year and may be renewed on an annual basis. A fee of €23.29 is payable to the respective department on submission of the application.An individual who is in receipt of income arising and/or remitted to Malta however does not reside in Malta is subject to such income at the nonresident rates as follows:
First
€ 700
Nil
Next
€ 2,400
20%
Next
€ 4,700
30%
Over
€ 7,800
35%
Household Effects
Non EU Citizens may import their household effects into Malta free of VAT and import duties. For non-EU citizens Customs may initially require either a deposit or a bank guarantee for the amount of VAT/duty in question. Upon the expiry of 200 cumulative days stay in Malta, any such deposits or bank guarantees are refunded or cancelled, provided that the duration of stay can be proved upon request.
Inheritance and capital transfer tax
There is no general inheritance tax system in Malta. However, upon the transfer or transmission (upon death) of:
Real estate or shares in a company owning mainly real estate a duty of 5% is payable;
Marketable securities (mainly shares in Maltese companies) a duty of 2% is payable.
Identity Cards
Non EU residents in Malta may apply for an identity card only once they have obtained the stamp on their passport. A Maltese identity card is obtained by completing an application with the relevant authority. A Maltese identity card is not a travelling document for foreigners, however it may be found useful for applying for various services in Malta such as television, telephone, banking and other services.
Buying Property in Malta
Whether you are Buying a property in Malta as an Investment or as your own personal residence in Malta our associates understand that you need to make an informed decision. This is the reason why we train our people to be professional and precise with the information they provide. All of our associates go through a strict screening process and are put through our world renowned training programme “Succeed” which is an A-Z educational programme specifically designed by leading real estate associates in the Industry for real estate professionals.
It has been a long standing custom in Malta where locals have always believed in purchasing property rather than renting. This tradition has said to have contributed to the increase in property prices over the years and has continued to keep the industry solid. Over the past decade the real estate industry in Malta has seen a year on year increase in property prices up until the last couple of years where we have seen different markets affected differently. The low end to middle price ranges has seen a drop in prices over the last couple quarters whereas the high end market has not been affected as much if at all. There are opportunities in every type of market and it will be a pleasure to guide you step by step in purchasing your property our country.
Our buying procedure is simple and straight forward plus it protects both the vendor and the buyer unlike in some other countries where one may experience Gazumping or outbidding. Just as most Maltese are bilingual, legal documents tend to be in either English or Maltese. As leading realtors in Malta we are able to recommend a Notary to you however you may also get advice from your own.
One may also rent a property beforehand to get an idea of the market before taking the plunge. We are able to organize hotel accommodation for you should you prefer through our contacts in Malta at preferential rates as well as any other service required through our concierge service.
The opportunities are endless and RE/MAX Malta can show you the way professionally and advise you through the full process accordingly. Hereunder is a guide to buying your property in Malta. Of course should you have any queries you may contact our International real estate liaison and Regional Director Jeff Buttigieg on +356 99475620 or send an email to him directly on jeff@remax-malta.com
General Procedures and Costs
Once the immovable property has been selected and we have assisted you in negotiating the price as well as any special conditions duly negotiated and agreed upon an appointment is set to sign the Preliminary Agreement or what is commonly known as ‘Konvenju’. This is essentially an agreement binding both the purchaser and the vendor to conclude the transaction within an established date (term of Konvenju) subject to a set of conditions.On signing of the ‘Konvenju’ you will be required to pay 1% provisional stamp duty as part payment of the full 5% which the balance is due on signing of the final deed and an agreed deposit which is generally 10% in such circumstances.
During the ‘Term of Konvenju’:
Notary Public carries out the necessary searches to verify legal title and to ensure that there are no outstanding debts, hypothecs or liens on the property
Purchaser is to complete all the special requirements e.g. organise bank loan, check on building permits, etc. as agreed upon with seller and stipulated in the konvenju
Vendor will complete all special requirements e.g. complete the building, or finishing certain works etc. as agreed upon with buyer and stipulated in the konvenju
During this time we can be called upon to assist in any queries the client might have. We have very good relationships with all the leading banks on the island and can therefore also assist you as the client in setting up meetings with the bank of your choice.
Once all the above has been completed by all parties concerned a date is set for the actual signing of the Final Deed. The venue of the signing will be held at the local banks legal offices in the case that one may be obtaining finance or either at one of the RE/MAX offices or at the office of the Notary Public. The final deed is read and agreed upon and the balances due will be paid accordingly. Theses are; balance of the selling price to the vendor; the balance due to the Commissioner of Inland Revenue for stamp duty as well as 1% Notary fees to the Notary Public.
If you are a foreigner to the European Union or if you are a Citizen of a European Union however the property you are purchasing is not for a prime residence in order to purchase a property in Malta there is a minimum price that one must pay for an apartment as well as for a house or a villa to be able to obtain an AIP (Acquisition of Immovable Property) permit which is granted by the Ministry of Finance and usually takes some 6-8 weeks. These prices are € 174, 703 (Lm75, 000) (if a house or villa) or € 98, 066 (Lm42, 100).
Citizens of all European Union member states, who have resided in Malta continually for a minimum period of five years at any time preceding the date of acquisition, may freely acquire more than one immovable property without necessity of obtaining a permit.EU Citizens, who have not resided in Malta for at least five years, but have the intention of purchasing their primary residence (take up residence in Malta), do not require a permit, under chapter 246, nor do they require a permit to purchase immovable property required for their business activities or supply of services.
Acquisition of Companies
A body of persons, other than a commercial partnership, established in, and operating from a European Union member state may freely acquire immovable property that is required for the purpose for which it has been set up as long as it is directly controlled by citizens of the European Union Member state who has resided in Malta continuously for five years. A commercial partnership established and operating from a European member state (therefore including Malta) may freely acquire immovable property that is required for the purpose for which it has been set up as long as such partnership is controlled by and at least 75% of its share capital is held by a person (or persons) who is a European Union member state citizen and who has resided in Malta continuously for five years. Any other body of persons require a permit, which is only granted if the property is required for an industrial or touristic project or as a contributor to the development of the economy of Malta.Permission may be refused for the purchasing of property, which is considered to be of historical interest
Income Tax/ Tax on Capital Gains
The good news regarding real estate in Malta is that our legal system does not impose wealth or property taxes, adding one more important advantage to buying property in Malta which at the time of preparation of this document this regime was structured as follows:
Renting out:
In cases where income is derived from activity generated directly through the employment of the immovable property itself. In other words if the property is rented out resulting in revenue being generated through this activity then this revenue will become subject to taxes which as foreign nationals will be subject to the (still) very favourable flat rate of 15%.
Selling:
The tax structure set out for this eventuality although simple to follow is detailed to explain and does not really fall within the scope of this document.
Repatriation of full resale price, including profits after taxes, is allowed without complications; (for a comprehensive explanation of the tax structure please refer to link mentioned above)
Mortgages are available for property purchase by non-residents or non-Maltese citizens residing in the islands: – once permission is granted by Central Bank of Malta, you can borrow as much as you wish from the local banks within the established commercial conditions.
You can rent out your property to third parties (some limitations do apply)
In summary, Citizens of an EU Member State enjoy the benefit that they can buy their first property in Malta without restriction. Permits are not required in most cases and when they are they are easily issued to all bona-fide purchasers without any major requirements.
Typical assistance provided by a RE/MAX Associate
1. Identify the most suitable properly according to the clients requirements and criteria, from our extensive database;
2. Organise and carry out viewings;
3. Follow up, continually assisting the client until the properly has been selected;
4. Carry out negotiations with the Endeavour of obtaining the best market price and payment terms. Our office will also assist in organising the preliminary agreement (Promise of Sale or, as mare commonly known, Konvenju (where a Notary Public will be appointed either as chosen by the client or through our office. This document will bind both vendor and purchaser during the term required to carry out the appropriate searches to verify legal title and during which our associate, through our office, will remain available to offer any assistance required.
Special Popular Destinations
Portomaso, located within the Hilton Complex, is one of the most prestigious property developments in Malta. It is one of those luxurious locations where the travelling businessmen, expatriates and local families find very convenient. With everything at your feet, including an underground high end Supermarket with all amenities, shopping arcade, Hilton Hotel, various restaurants and other entertainment places as well as underground parking, the complex has become a prime investment development where buyers are almost guaranteed return on investment and a rental return if required.
Here are a couple of sample properties:
PORTOMASO – Brand new, double fronted APARTMENT being sold fully furnished. Highly finished property comprising an open plan kitchen with a split level living area leading onto a good size terrace and double bedroom ensuite overlooing the marina complete with walk-in wardrobe as well as a jacuzzi. Property includes a large laundry (potential second bedroom). €628,931
PORTOMASO – Highly finished three-bedroom APARTMENT available in one of Malta’s most prestigious developments, comprising of an open plan kitchen/breakfast/living leading to a terrace enjoying marina views, three good sized bedrooms, main with an en-suite, and a guest bathroom. One car parking space included in price as well as all the high quality furniture. € 885, 162
PORTOMA SO – Opportunity to acquire a DUPLEX APARTMENT situated in this prestigious development. Property measuring 113.4sqm is being offered highly finished and comprising a large open plan kitchen/living/dining with terrace, main bathroom and a double bedroom. Residence is still on plan and will be complete in June 2009. Car spaces are also available. €442,581
Tigne Point, located on the peninsula tip of Sliema, is a new residential, commercial and leisure development, exceptionally set against the dramatic backdrop of 500 years of history. Completely pedestrianised, the development comprises of two different schemes of residential apartments, as well as a commercial centre and additional sports and leisure facilities.
Two hundred and forty high quality apartments hug the south shore, offering residents some spectacular views of the world renowned Valletta Bastions, unrivalled landscaping and a calm environment of private gardens and courtyards. On the north side of the peninsula, facing the sea, are an additional 200 luxury apartments against a bustling urban backdrop.
The two main residential branches of the project, Tigne North and South, converge upon Pjazza Tigné. Inspired by the busy atmosphere typical of Malta’s many picturesque town squares, the Pjazza forms the project’s natural hub, bringing together a wide-ranging assortment of exclusive shops, cafés and bars. Elsewhere, health and well-being facilities, restaurants, a clubhouse, and a shoreline swimming pool can all be enjoyed at Tigné Point.
The combination of the old with the modern architecture, the beautiful sea and the fantastic fortifications is quite simply captivating!
Here are a couple of sample properties:
SLIEMA (TIGNE) – Fantastic south facing Duplex Apartment prominently located on the prestigious Tigne Seafront, offering stunning views of Valletta and the open sea from it’s large terraces, magnificent living areas and main bedroom suite. Boasting an overall area of 319sq.m. and offering extremely spacious and bright accomodation in the form of a beautiful combined kitchen (inc.pantry) / living (incl. guest toilet) with a seperate split level sitting/dining both leading onto own sunny terraces. Upper level sleeping quarters offer two double bedrooms and a stunning seafront main bedroom suite inc. walk in wardrobe/ensuite bath. Property is being offered highly finished making this an overall great investment. € 715, 118
TIGNE’ POINT – Luxury PENTHOUSE, with private pool, located on the 10th floor and forming part of the most exciting project presently being developed on the island. Set right on a tip of a peninsula directly opposite the historical Valletta Bastions the whole development offers a setting of a unique kind. The apartment is presently being finished to the highest specifications and offers a layout in the form of 3 double bedrooms all inclusive of en-suite bathrooms, a guest cloakroom, very large kitchen (complete with pantry) adjoining the day family room, large sitting/dining, spacious surrounding terrace, pool deck and good sized swimming pool. Price includes 3 car spaces. € 1, 770, 324
TIGNE POINT – A 174 sqm APARTMENT available in Malta’s most prestigious up-coming development Tigne Point. Being offered highly finished including full air-conditioning and under-floor heating in bathrooms and Master bedroom) this lovely property offers an entrance hall, large sitting/dining, kitchen/living all leading to a sizeable front terrace. Two good size bedrooms(main with en-suite and walk in wardrobe), main bathroom, spare toilet, and utility room complete with a drying terrace. Optional car space. € 423, 954
SLIEMA – Fort Cambridge – New on the market, being sold at pre-construction prices, APARTMENT being offered in Malta`s most exclusive development ‘FORT CAMBRIDGE’, truly an attractive APARTMENT with approximately 135sqm plus a beautiful terrace. Accommodation in the form of a massive lounge/living, kitchen/breakfast, two double bedrooms main with ensuite, main bathroom and a terrace. Optional garage available. Priced to sell. € 323 783
SLIEMA SEAFRONT – Beautiful APARTMENT consisting of large entrance hall, three double bedrooms, two bathrooms (one of which is en-suite), a good sized living / dining with secluded kitchen, front balcony with breathtaking views of Manoel Island and Valletta, approx 125sqm with one car space included. Must be seen. €595,000
MADLIENA – This luxury Villa enjoys a large living space, kitchen, dining room and bathroom overlooking the pool area on ground floor level. Three double bedrooms (master with en-suite) with balconies and one bathroom on first floor level. A separate gym and laundry room is situated at roof top level also enjoying its unobstructed sea and country views. This luxury residence also benefits from an utility room and a four car garage at semi-basement level with an interconnecting lift to all floors. € 556 720
Today more than ever homeowners need to focus on creating a comprehensive plan for marketing their property. Use this video to learn why RE/MAX agents are uniquely qualified to help you successfully market your home in today’s real estate market
An opportunity to acquire this ground floor MAISONETTE which is situated in the best area of Fgura. Layout is in the form of a wide welcoming hall, formal sitting room, three bedrooms the main with en-suite and a separate bright kitchen/dining which leads to a sunny back yard, internal yard and guest bathroom. This property is being offered very highly finished, with several original features and fully furnished including air conditioners. Priced to sell. Plot 6.2meters by 31meters.
Brand new penthouse located in a quiet yet central area close to all amenities. The property enjoys sea views and comprises of terrace, fitted kitchen/living/dining, bathroom, two bedrooms, boxroom, utility space and back balcony. This penthouse is fully equipped with large LCD TV, three air-conditiones, dishwasher, washing machine, sun beds, etc.
With an investment as large as a home there are many things to consider. Market trends, area information and government programs should all play a role in the decision to buy. Use this video to learn why RE/MAX agents are uniquely qualified to help you identify your ideal place.
Highly converted HOUSE OF CHARACTER in a quiet alley in this picturesque village and close to all amenities. This lovely house has a squarish layout; upon entering the main door one finds a hall leading to a formal sitting/dining room, a kitchen complete with appliances with a separate breakfast area, another separate living room and guest bathroom. In the centre of this property is a lovely courtyard with mature decorative trees. Upstairs one finds three double bedrooms, bathroom and a large terrace. Complimenting this property are arched ceilings as well as wooden beams supported ones, ‘xorok’ and flag stones. Viewing this property is highly recommended.
A well kept, bright and spacious APARTMENT just off the Sliema Ferries. The layout of this recently built property consists of a large sitting / dining room with a front balcony, a separate fully fitted kitchen with modern appliances, main bathroom, laundry, three double bedrooms, main with ensuite shower and a back balcony enjoying side sea views. Must be viewed to be fully appreciated. The apartment is on the 5th floor in a block of six, served with lift. Two optional car spaces available. Freehold.
Most people only think of residential property when considering becoming a landlord which indeed involves the least risk. Today’s Malta property rental market is buoyant due to the number of companies relocating to Malta from various industries such as internet gaming & finance just to mention a couple. This high demand created by a strong government infrastructure that accommodates the needs of these companies creates a natural demand for rental property in Malta from the company executives and staff that relocate to Malta to operate the respective businesses.
The type of employees that seek out employment overseas are usually highly educated or trained according to their job descriptions and therefore are able to afford an average to above average rent ranging from € 400 per month, which would accommodate them in a one bedroom apartment to € 700 per month which would able the employee to afford a luxury two bedroom apartment next to the seafront. Executives usually rent properties with prices ranging from € 1000 up to even € 3500. These budgets would afford them anything from a seafront apartment in Sliema to a condominium apartment in one of our luxury developments in Sliema (Tigne Point, Fort Cambridge) or St. Julian’s (Portomaso, Pender Gardens) that include pool facilities, parking facilities as well as security along with surroundng amenities.
Though the corporate executives are already training Maltese employees to take up these positions in order to save on costs, the rate of new companies setting foot down on our shores outweighs the rate that Maltese are being trained and therefore demand is continuous. There is also the facture that some highly skilled employees maybe headhunted or decide to move away from Malta and therefore a foreign replacement would be a necessity for that company.
The main areas of relocation are St. Julian’s, Sliema, Swieqi, Gzira, Msida as well as Ta’ L-Ibrag, High Ridge and Madliena. Some employees choose to live further afield however these are too few to even mention when we are considering company employees or executives.
The return on invest ranges from 3% to 5% and sometimes you may be able to get 6% if you invest wisely.
There is also a market in the South of Malta as well as in the North of Malta however we will touch those markets in a different article scheduled in the near future. We will also touch the commercial property in Malta market in the next issue.
It is recommended to contact a reputable Malta real estate agent in for further advice on how you can invest and achieve the best return on investment for your money.
In recent years reports and statistics have revealed a considerable increase in the number of people investing in rental properties and therefore becoming new landlords. Indeed, for some, buy to let Malta property has become an alternative to other forms of investment.
Unlike banks and investment instruments such as bonds, property gives a double return: income in the form of rent plus capital growth, and in some areas capital growth has been quite outstanding. The income (initial yield) should be enough to cover your mortgage payments, with a margin for safety built-in. At first glance Malta property is a foolproof way to wealth and security: once the place is successfully let all the landlord has to do is sit back and watch the money roll in! Well, it’s not quite as easy as that, but a properly managed property investment can be a very good way of increasing your wealth. There are pit falls though and if the management side is neglected you could have real problems.
Letting is a relatively complex area which requires a fair amount of knowledge. The best option would therefore be to use a real estate agent in Malta to do your lettings and thus minimise the risks related to market knowledge and maximum promotion. For the tenant, renting has become a convenient alternative to buying and for some it has become the only option:
Job mobility, job insecurity and short-term work contracts mean that many are now wary about becoming locked-in to owning a property.
Co-habitation prior to marriage again means that couples are often reluctant to become looked-in to a property and a large mortgage, which may be difficult to unravel if there is a split.
Higher divorce rates and an ageing population, with people in general living longer, has increased demand for housing and particularly single person accommodation.
In some high-priced areas first time buyers in Malta have been priced-out and renting has become the only option.
For the landlord, whether it’s a side-line to an existing day job or a full-time occupation, buying to let a Malta property has become an alternative to other forms of savings and investment:
Renting property in Malta has become more socially acceptable in Malta, though there is still a long way to go before we reach mainland European and US levels.
We have entered a more sympathetic legal climate for the landlord.
Buy-to-Let mortgages have meant that property investment has become a real alternative to stocks & shares, with an added bit of satisfaction and excitement for those who take to it.
Low interest rates offered by banks encourage people with some capital to look for better returns: property is generally a solid form of investment and rarely can you lose all your money, as you can with stocks and shares.
The volatility of the stock markets have made some consider property and “landlording” as a safe alternative.
Many start-out buying and letting as a side-line and end up owning a portfolio of properties large enough to support them financially – indeed there have probably been more millionaires created in Europe from property related businesses than almost any other occupation. Furthermore, there is an added incentive to enter this field as it is now being predicted that early retirement may not be an option for most people and that pensions may not provide all we desire in old age.
Look out for the next article that will give you an insight on Residential and Commercial investments as well as the customers that rent them.
Written by:
Andrew Agius Muscat – Business Management Analyst
Mr. Agius Muscat is a Business Management Analyst who has extensive back ground in the business world. He is presently the Chief Executive Offices at the Malta Institute of Management and has held several top management positions. He recently held the position of Group Strategist and Planner for Attard Bros Group, a real estate developement and construction company in Malta.
Very well maintained SEMI-DETACHED TOP FLOOR MAISONETTE with good country views. Property features a bright and spacious living/dining with walk-out onto terrace, kitchen, three bedrooms, en suite and bathroom. Full air-space and a large two to three car garage.
Forming part of an elegant block is this highly finished three bedroom THIRD FLOOR APARTMENT. Accommodation includes a spacious kitchen/dining/living, front terrace, en-suite, and a bathroom. Garages available upon request.
Wonderful TERRACED HOUSE finished to high standards having a bright and airy hallway, fully fitted kitchen/dining, separate living area, three double bedrooms, one single, main bathroom, shower room. Washroom converted into another kitchen for those summer nights on the roof. Having also a back yard with a well, small front garden. A two car inter connecting garage. Property is built in a 4 + 1 area.
Set on a cliff’s edge is this designer finished apartment, overlooking stunning unobstructed county and sea views. Accommodation offers entrance hall, small atrium, two double bedrooms, main with en-suite bathroom and walk in closet, shower room, a fully fitted kitchen and a spacious living/dining leading onto a large terrace overlooking the views. Sold fully furnished with top luxurious finishing including parquet floors, under floor heating, dimming lights, and double glazing throughout. Unique property!
Situated in a cu-de-sac is this Authentic HOUSE OF CHARACTER located in a peaceful alley. Ground floor offers a kitchen/dining room, and a separate living leading to a pool with deck area. A traditional exterior stairs leads to three bedrooms surrounded by an internal courtyard.
(Close to Nazju Ellul Street) New on the market, a large two bedroom MAISONETTE situated on the ground floor of a brand new block of luxury apartments. Accommodation allows for a 46sqm open plan kitchen/living/dining, box room, two bedrooms, main with en suite and guest bathroom. Complementing this home is a good sized back yard. A property worth visiting.
Highly converted HOUSE OF CHARACTER in a quiet alley in this picturesque village and close to all amenities. This lovely house has a squarish layout; upon entering the main door one finds a hall leading to a formal sitting/dining room, a kitchen complete with appliances with a separate breakfast area, another separate living room and guest bathroom. In the centre of this property is a lovely courtyard with mature decorative trees. Upstairs one finds three double bedrooms, bathroom and a large terrace. Complimenting this property are arched ceilings as well as wooden beams supported ones, ‘xorok’ and flag stones. Viewing this property is highly recommended.
Attention first time buyers. New on the market is this development located in the center of this much sought after residential area. Included in this fantastic development is a variety of MAISONETTES, APARTMENTS and PENTHOUSES. These properties are being offered with first class finishes and luxurious common parts. Layout of units comprises of a very spacious kitchen/living/dining area, three double bedrooms, main and en suite bathrooms, box room and back and front terraces. Finishes include gypsum plastering, water and electricity, double glazing aluminum apertures throughout, and best tiling and bathrooms. Optional interconnected garages. Nothing at this price for such quality!!
Seize the opportunity to purchase a brand new STUDIO/1 bedroom APARTMENT being sold fully furnished and highly finished. Use of all Hilton’s residents’ facilities. IDEAL RENTAL INVESTMENT.!
We have the pleasure to bring to you the Top 10 Luxury Property in Malta of the week carefully selected from The RE/MAX Collection. The RE/MAX Collection is a high-end brand that is for those clients looking specifically for a high-end luxury property investment in Malta.
Very hard to come by property spread over circa 4,000sqm, located in one of the most tranquil roads of this locality. Layout comprises of a most welcoming hallway leading onto an internal courtyard. Extremely large formal sitting room, dining room, separate fully fitted Kitchen/breakfast room. Living room with walkout onto a large terrace overlooking a large pool, pool deck and mature garden. Three double bedrooms, study & washroom. Complementing this property is a full size indoor basketball pitch.
Situated close to the sea. A 400 year old converted townhouse of character. Spacious layout comprises hall leading to a kitchen living room, separate dining room and study, all leading to a patio and large mature garden. Three bedrooms, two bathrooms and terrace overlooking the garden and a large carport. Garden has potential to develop a large annex or separate townhouse and swimming pool. Unique property.
Nicely finished is this FULLY DETACHED VILLA situated in this sought after area of Qortin. Layout comprises of an entrance hall, fitted kitchen/dining room leading to a good size terrace overlooking the pool also having a BBQ area, 4-bedrooms, shower room, bathroom, sitting/dining room, drive-inn leading to a 3-car garage, large pool having a large entertaining area, complimenting this property is a furnished 2-bedroom flatlet having a kitchen/dining room, shower and living area. MUST BE SEEN!
Spacious PENTHOUSE being sold in shell form. Layout measuring approx. 442sqm in the form of combined living/dining, kitchen/b’fast, 3 double bedrooms (main ensuite) guest bathroom and shower room. Includes a sun terrace enjoying views of Spinola bay and Sliema creek. Price includes a 1-car space.
Set in a tranquil area, tucked away in the countryside, is this expertly converted FARMHOUSE. Accommodation includes of a large lounge/dining, newly fitted kitchen, 2 double bedrooms, one single, 2 bathrooms, games room and a massive basement. The property is surrounded by another 7 TUMOLI of land and another unconverted farmhouse attached to it. Viewing is a must!
Overlooking one of the most panoramic valleys on the island, this exceptional converted 400 year old FARMHOUSE is set on more than 900 sqm of land with landscaped terraced gardens, including a koi fish pond and a small wooded area shaded by trees offering privacy and serenity. Accommodation offers a welcoming entrance hall enhanced by two original stone staircases, a spacious and bright fully equipped kitchen/dining room combined and separate sitting room, all leading onto the open terrace and pool deck enjoying the panoramic views. A large mill room can be utilized as a second sitting room or bedroom. Property offers three double bedrooms – all with en-suite baths/showers, walk in closet with main bedroom, study room, laundry room, two stroe rooms and car port. This exceptional home is equipped with under floor heating, parquet flooring, solar heating, air conditioning throughout and intruder alarm. Lots of traditional features. Outstanding property.
Situated in the most beautiful and exclusive areas of this village, this magnificent VILLA is set on 2000sqm. of land overlooking the Gharghur valley. This tranquil resort-style hideaway is ideal for a family desiring complete privacy, security, total relaxation and impeccable levels of comfort. The property also caters for grand-scale entertainment including an outdoor & indoor heated pool, a beautifully landscaped external pool area, sauna, steam room and a fully equipped bar, for the visual enthusiast a fully equipped audio visual cinema plus a fully equipped gym, squash court and an aviary – home to all sorts of exotic birds. The stately 6-level residence accommodates 4 bedrooms all with their ensuit bathrooms, a private flatlet, a 20 car garage, elevator serving all the levels, intelligent lighting, remote controlled curtains and air conditioning throughout. A 1 gem surrounded by a sense of elegance and beauty.
Fully detached VILLA set on 1400mtrs. sq. ( 1.25 tumoli ) of land is situated in an elite residential area. Built with care and passion by the present owners it enjoys a generous accommodation layout with total tranquility and privacy. The beautiful entrance hall immediately gives the sense of space, this leads onto a large sitting room with fireplace, dining room, fitted kitchen/breakfast room and study room all leading onto the garden. 4 bedrooms (main with en-suite bathroom), 2 shower rooms, another separate bathroom, 2 car garage, basement which can be turned into a flat-let, surrounding garden with mature trees and large pool and its reservoir. Parquet and ceramic floors are used internally. 0 ceilings and recessed lighting complete this splendid home. The modern kitchen and appliances are included.
This spectacular penthouse is set in the north’s most prestigious development having 170sqm of living space, fantastic layout that flows from room to room. Property measures 350sqm having three bedrooms, living area, dining room, and a terrace.
Fully detached villa having spacious living quarters and three bedrooms. Comfortable layout leading to a mature garden and pool area , set on a one tumolo of land.
RE/MAX Malta is organising a two day seminar for their associates and managers featuring 2 foreign key note speakers. The Chief Operating Officer and Managing Director of RE/MAX Europe, Mr. Charles ‘Chuck’ Lemire and Richard Duggal, a Top 100 RE/MAX associate from North America will be arriving in Malta on the 21st of April 2010 to participate in the seminar that will be held at the five star Corinthia Hotel, located St. Georges Bay, St. Julian’s.
The annual event is organised every year as part of RE/MAX Malta’s commitment to the education of their associates and managers alike. The event will also include two local trainers, Mr. Paul Vincenti, the RE/MAX’s approved trainer and Mr. James Busuttil, of RE/MAX Central located in B’kara. Regional Director of RE/MAX Malta commented by saying ”It will be an honour to have Mr. Lemire back in Malta with us. We are lucky to have the availability of such influential speakers such as Mr. Lemire and Mr. Duggal. We look forward to another successful event”
The first day of the event has exclusively been organised for their associates. The full day will begin with a lecture on setting up a business plan and implementing it and will end with an agent rally that will be delivered by Chuck Lemire and Mr. Richard Duggal. The second day is reserved for just managers who will particpate in a workshop titled “Managing your business”. The two day seminar is strictly for RE/MAX associates and managers only however they will also be organising a public event called ’60 minutes with RE/MAX’.
60 minutes with RE/MAX is an open-to-all introduction to RE/MAX ideal for individuals looking for a career change or those interested to know more about RE/MAX. The event will be held on the 22nd April 2010 at The Corinthia Hotel, St. Georges Bay, St. Julian’s and will start at 19.30hrs, followed by a cocktail reception at 20.30hrs at the same venue. To participate one must register their interest by calling Ilona Farrugia on 25783300 or by sending an email at info@remax-malta.com.
Chuck Lemire is a 13-year veteran of the RE/MAX system with over 20 years of experience in the real estate industry. Under Lemire’s leadership as Executive Vice-President/Regional Director, the RE/MAX New England Region grew by over 2,000 Sales Associates, from 1,945 Associates to 4,000 in 280 offices, in only five years. An accomplished executive in the area of Franchise Sales and Business Development, Lemire’s experience and leadership are a tremendous resource to RE/MAX Europe’s Regional Owners, many of whom received initial training from Lemire. A key contributor to the RE/MAX network, Lemire is a catalyst for unparalleled growth in the regions he serves. A licensed real estate broker and native New Englander, Lemires’ focus is on the growth and quality service development of RE/MAX Europe.
Richard Duggal passionately enjoys sharing his knowledge, his dynamic pro-active marketing systems, and “trade secrets” with Re/max professionals across North America and Europe. He is constantly creating success stories with Real Estate professionals showing the way to high production. He has also built his own powerful team of agents with his training, coaching and natural and compelling accountability systems. As a training consultant to the world’s largest real estate coaching organizations he is recognized to be one of the best in the industry in sales presentation and prospecting skills, a designation that meets and is consistent with his accomplishments. As well as regular placement in the coveted Re/max Top 100 list he is also a recipient of the Diamond Club Award. With an 18 year top producer track record in the industry Richard is constantly improving his skills and systems and leads by example by pushing himself to always be growing. He credits much of his success and enjoyment of real estate to the RE/MAX system.
RE/MAX Malta is the fastest growing real estate agency on the Maltese Islands. If your interested in buying, selling or renting a property in Malta contact one of our eight offices.
This is the first of a series of interviews that will provide a close-up of some of the most prominent luxury properties currently listed with RE/MAX Malta.
James Vassallo, Sales & Marketing Director of Tigne´ Point properties shares some insight about the kind of luxury properties they have placed on the market.
“The apartments at Tigné Point have been designed to offer a variety of different layouts and sizes and planned to capture light on this south facing peninsula. The foreshore designs exploit the stunning views of Valletta, of Sliema Creek or of the open sea, whilst the high rise apartments are planned to enjoy the tranquility of the serene car-free courtyards and gardens situated between the blocks. An extensive use of glass allows the living spaces to be bathed in natural light while double glazing preserves tranquility and has insulating qualities.
Crowning the eastern tip of the peninsula and situated directly on the waterfront, the latest block at Tigne´ Point, T10 completes the South phase of the development and is witness not only to the ever-changing hues of sky, sea and stone but to Malta’s main yachting playground. Some residences enjoy the captivating views of the magnificent Valletta skyline and Grand Harbour entrance or of the foreshore, whilst others overlook an open, landscaped courtyard or the beautifully restored 18th century Fort Tigné.
With interior finishes styled and selected by renowned designer Pippa Toledo, T10 also incorporates a centralised heating and cooling (HVAC) plant which scores very highly in terms of energy efficiency. This is run by SIS ltd, the joint venture between MIDI and Siemens SpA (SIS), which also provides for a sophisticated telephony and internet infrastructure based on fibre-optic technology.
These apartments were very well received, so much so that the bulk of these properties have now been sold with only a handful still up for grabs.”
Recession, slow sales… how has the recent period of time effected sales of your properties, if at all?
“With very few of the stock launched to the market to date still for sale, we have managed to retain our prices and still achieve a reasonable and steady stream of sales notwithstanding the adverse Malta property market conditions. When compared to a lot of other Mediterranean destinations Malta seems to have held its own quite well with the higher segment of the market outperforming much of the rest. It has not been easy – and we are not through it yet of course – but so far our ‘steady-as-she-goes’ approach has paid off and we have continued to sell our properties throughout 2009. Hopefully things will take a turn for the better by mid – end 2010.”
What is the most difficult part of selling a luxury property in Malta, especially a luxury apartment like the ones you are promoting, especially considering that there are others presently on the market which are competing for the same category?
“A lot of boxes need to be ticked before you get a client to part with some 1 or 2 Million Euro for their dream home. Buyers in this bracket tend to be very discerning, have a pretty good idea of what they want and are able to make an accurate comparative analysis of their options – which of course, at these rates, include properties both in Malta and abroad. The first thing you find yourself doing is selling Malta which, to be honest, is not that difficult – especially if you are able to take the client out to experience the islands’ many and varied charms. There are many hurdles to surpass of course, including the usual brigade of ‘experts’ who will shower your potential buyer with a hundred reasons not to proceed with the purchase, even though they have never actually seen the property ! Still the fact that we have now sold 250 of the 260 apartments that were put on the market in the project to date proves that we must be doing something right.”
Who are your typical clients, if such exist?
“The size of the land at Tigne Point is not very different to that of Mdina so, as you can imagine, there are many different styles and sizes of homes within the project. These range from one bed-roomed ‘loft style’ studio apartments to four bedroomed fully detached foreshore penthouses with sprawling terraces and private heated pools. These, and everything in between, have their own markets and potential buyers. The one thing these homes have in common is the convenience factor of this unique destination and the fact that we aim to make them the best properties within their respective categories.”
What do clients in search for a luxury property look out for today?
“One has to remember that most of the buyers for the large seafront apartments are coming from big houses and grand villas and are used to space, light and comfortable layouts. Many of our foreshore apartments are in fact very large by Maltese standards and absolutely enormous compared to flats abroad. The south side of the development is unique in that we built only large apartments on the waterfront. The average apartment size is some 250m2 and some penthouses are 650m2. Many of these have huge terraces for entertaining, high ceilings and lots of light – in fact practically all of them are semi-detached. We have often been told that we have built flats for people who don’t normally like flats. Over the years we have placed more emphasis on the designer elements in our internal specifications and the T10 experience to date proves that this has been very well received.”
Luxury has always been the point behind the acquisition of a villa. Originated in Roman times, villas were built by the upper classes and wealthy merchants as a second residence away from the city, usually, somewhere in thecountryside. These used to serve as a respite from the hot temperature found in cities during summer. Possessing a villa has always been a sign of power and wealth. Generally, for a property to be considered a villa, it has to be larger than usual, equipped with all amenities and facilities including gardens, swimming pools and nice views on the sea or countryside.
There is a wonderful selection of villas in Malta and Gozo that are located in various areas around the Maltese Islands. There are even some particular villages or towns in Malta that predominately accommodate only villas in exclusive parts of towns such as Madliena, High Ridge and Santa Maria Estate. There is a number of villa areas such as these that are popular amongst the locals and foreignors alike.
Here is a list of cities where you can find villas in Malta and Gozo: Read More about Villas for Sale in Malta
On plan, first floor APARTMENT served with lift, on two roads and at pre construction prices. Property comprising of open plan kitchen/dining/living, three double bedrooms, main with ensuite and walk-in wardrobe, guest bathroom and two front terraces. To be sold highly finished excluding bathroom and internal doors. Optional garages available. Not to be missed.
This is a fantastic two bedroom APARTMENT situated on the ground floor with side sea views from the large 44sqm terrace which gives a lot of natural light. A good buy.
Forming part of an elegant block is this highly finished three bedroomed THIRD FLOOR APARTMENT. Accommodation includes a spacious kitchen/dining/living, front terrace, en-suite, and a bathroom. Garages available upon request.
New, highly finished 4TH FLOOR APARTMENT consisting of a kitchen/living/dining room, 2-bedrooms, bathroom, and a front balcony enjoying unobstructed views.
Unconverted Pied a tier situated close to all amenities, comprising Maltese pattern tiles, spacious living area with beautiful back yard including well, 1 sizeable bedroom, ideal for letting. This property measures 80 sqm and is Freehold.
Unique opportunity to acquire this very well kept, double fronted TERRACED HOUSE. Layout is in the form of a wide welcoming hall, formal sitting room and dining room, large very bright kitchen/dining room, separate living area, guest bathroom, a very large back yard with well, two large storerooms. Four double bedrooms main with en-suite and a very large balcony, guest bathroom, large washroom, full roof and airspace. Complimenting this property is an inter-connecting garage. This property is being offered highly finihsed and very well kept. Must be seen!
TERRACED HOUSE built on a plot of 25ft x 70ft. Accommodation comprises of a formal lounge, kitchen/dining, two guest bathrooms, three double bedrooms and a front garden. Complimenting this property is a lovely living/dining area with a real working fireplace and kitchen on roof overlooking the terrace with a B. B. Q. area. Property includes a street level one-car garage. Worth Viewing!
Set on a cliff’s edge is this designer finished apartment, overlooking stunning unobstructed county and sea views. Accommodation offers entrance hall, small atrium, two double bedrooms, main with en-suite bathroom and walk in closet, shower room, a fully fitted kitchen and a spacious living/dining leading onto a large terrace overlooking the views. Sold fully furnished with top luxurious finishing including parquet floors, under floor heating, dimming lights, and double glazing throughout. Unique property!
Superbly located, a short walk from Balluta Bay. Brand new penthouse, finished except for bathroom and internal doors. Floor area of around 60 square meters with lounge/dining kitchen onto spacious sun terrace, balcony, bathroom and double bedroom. Adjacent similar penthouse also for sale and can be sold together. Property is served with lift. Interconnecting lockup garage optional at €15,000. An excellent property also ideal as a rental investment. Priced to sell!
Located in one of the best streets of Swieqi is this three bedroom second floor maisonette. Layout consists of an open plan living/dining with walk out onto terrace. Fully fitted modern kitchen/breakfast. Three bedrooms, main with shower ensuite, main bathroom and washroom. optional two car lock-up garage is also available. Airspace is also optional.
It is surprising just how easy it is for a burglar to break into your property. Carelessness, neglect or a lack of maintenance on the part of the proprietor will often enable the villain to walk right in. He will then establish an escape route before starting helping himself to your valued possessions. Or, worst still, wreck up the place for his amusement!
I brought up the question of security with a friend who is very knowledgeable about real estate in Malta. He told me that while Malta real estate has never been unduly occupied with the problem, and that when compared to other EU countries Malta’s slate is almost clean, house robberies have occurred. According to the police, the robbers’ connection to a particular location is often made through the innocuous chattering of an unsuspecting maid.
However, certain vulnerable areas around the house might constitute an invitation to the devious mind and the occasional inspection of your property is recommended. It is best to put yourself in the burglar’s shoes and ask where would be the easiest place to break in. If in the past you may have been unlucky enough to have locked yourself out, that’s the place to start. How did you get back in? Was it easy?
You may have been able to reach a window that you always leave open for ventilation. Perhaps you may have been able to reach a window through the handy ladder you keep in an unlocked shed? Or you had to break a small pane of glass to reach the door’s or window’s handle? Anyway it helps to systematically look at each outer door and window checking for weakness in structure, fittings and ease of access.
Re windows my friend from the Malta real estate market has highlighted a couple of points. Special care should be given to windows that are partially hidden. It could be fences, walls, trees, bushes. Thieves prefer not to be seen when they are at work. And not to be lulled into thinking that weak windows on the upper floors are out of danger. Oftentimes thieves come in through the upstairs windows using the drainpipes running close to the bathrooms for scaling.
Door-frames may be more accessible than the actual locks. If a frame is loose or rotten it may be levered out, then using the gap between the door and the frame, the two could be levered apart. Doors with glass panels are particularly bad since the tools are available to easily break the glass and then reach out to operate the locks. And speaking of locks it’s important to be able to differentiate between the strong security stuff and the easily forced cheap latches.
I have to confess that the defence of one’s property (if you pardon my rather melodramatic turn of phrase) imbues the gallant defender with lots of interesting information which would not otherwise have become so easily available. For example while researching this feature I came across the following hints. “If you have blinds in your windows, make sure you have the rounded side facing out and not facing in, so that when someone tries to peek into your house all they will see is your ceiling, not the floor plan and all the things you have.” Now who would have thought of that one?
Another clever tip concerns the way one tackles an answering machine. Apparently thieves do try to make contact before getting down to business in order to ensure that the place is empty. Thus if you have an answering machine, it is better to say: “Sorry we are busy and cannot come to the phone. Please leave your message.” Any other explanation may construe an invitation to a break in.
Since vacant real estate in Malta might offer an attraction to burglars if you are away, please ask your trusted neighbors to take in all of your mail and newspaper deliveries. Parking his or her car in the driveway at night, having at least one light on a timer (even when you are home) and leaving on a radio makes it look as if someone is home.
I have also become aware of the importance of getting to know who your neighbors are. Establishing a rapport with the neighbours in your area is also the best way to protect them as well as yourself. It is amazing how a caring neighbourhood could have a detrimental effect on villains who seem to sense if they are being watched or not by a thousand eyes spread out in all directions.
When all is said and done I believe that following a few steps to ensure that your house is the safest place on earth works wonders for one’s peace of mind.
So, not very long ago, St Valentine’s came along and perhaps you belong to one of those couples who made that life-changing decision on the day… you’re moving in together, getting married, setting up home. You are officially a First time buyer in Malta Fine, great news all round & congratulations. You scour the papers for Malta real estate ads, you make a couple of phone calls and then hit the road with property viewings in mind. But is what he wants similar what she wants and if not, will it all become one huge bone of contention?
It is very important not to do things rashly. Sit down and discuss just what he wants and just what she wants. So you’ve decided on a maisonette in Malta or a house of character in Balzan. You both agree you want your very own front door to yourselves. Good. But if she’s envisioning three bedrooms, a washroom and a large kitchen as prerogatives and he’s only thinking of the two-car garage in the basement and thinks an extension of his bachelor pad will be just as good for both of you, then you’d better re-think things carefully.
1. Draw a plan. Start with your budget – what you need to spend, what you can spend and what you might borrow. A visit to the bank will help to clear up doubts and misconceptions as to what banks will actually be able to lend you after all.
2. Then sit down and make independent lists (his and hers) of what each of you wants in your new common home. Categorise according to what you really must have (one bedroom, one bathroom, one kitchen) and what you think you should have (an extra bedroom, a large sitting room, a terrace to hang out the washing, a garage, etc). Then list what you would like to have and basically things which you possibly could live without (a garden, a sea-view, a two-car garage with automatic door, a broom cupboard, space for a walk-in wardrobe, a spare bedroom for the mum-in-law, etc)
3. Once the lists are done, compare notes and start ticking the things which you both agree on from the outset. Now you need to see what he can live without, what she can live without and what you both agree to as being indispensable for both your wellbeing.
4. Share forces and compile a joint list made up of all these ingredients. With such a list in hand, you will both know what you can compromise on and what you cannot really do without. It is highly unlikely that you will find a first Malta property which can satisfy all of your dreams, but you can always find one which comes close or perhaps which allows for eventual changes and alterations which would fall reasonably within your budget.
5. Now consider the locality. Be practical about this one. Do the same listing exercise where you both list your favourite towns and villages and see where you can come happily together. If she wants to live close to her business, but he wants to live closer to his native village, don’t fret. Opt for an area half-way between and don’t write off one village just because of a reputation. Drive around it together and check out its less known areas about which you might just be convinced to change your mind.
The onus is on being clear about things and being realistic about the outcome of your decisions. Start small and trust in your unifying targets which will help you slowly work your way around making your dream Malta Property come true. So many young couples start off life together sharing the tiniest of homes and whilst slowly growing out of them, moving on and up the real estate scale ladder to what they aspire to achieving one day, together.
Written by Marika Azzopardi
Marika Azzopardi is a freelance writer and journalist. A frequent contributor to national English language papers and magazines, she writes about a bevy of topics including art, people and life in general. She is also the author of children’s books and short stories, delving into adult fiction from time to time.
We have the pleasure to bring to you the Top 10 Luxury Property in Malta of the week carefully selected from The RE/MAX Collection. The RE/MAX Collection is a high-end brand that is for those clients looking specifically for a high-end luxury property investment in Malta.
Beautifully restored authentic HOUSE OF CHARACTER set in the outskirts of the town, set on more than a tumola of land featuring a lot of traditional features including wooden beams, lovely arches, wooden doors and a functional well. Accomodation is in the form of a large hallway, leading to a separate kitchen/dining area, two bedrooms, two bathrooms, and a tastefully converted large mill room ideal for a living area. Upstairs one finds two bedrooms ( both with en-suite), an other kitchen and a wonderful terrace where one can enjoy both country and Xlendi bay views. Complimenting this property is a street level garage and two gardens, one on each side( one is 453 sqr mtr and the other 402 sqr mtr) with plenty of room for a pool. A ONE OFF
A luxury finished DETACHED VILLA enjoying the peace and quiet of its surrounding garden and never ending country views offering a heaven to the lucky owner with a layout that includes a drive way leading to both the home entrance and its private four car garage, a modernly finished entrance hall, a living and dining area and a state of the art kitchen and guest facilities as well as a pantry/washing area. At the ground floor level one also finds three double bedrooms with one ensuite bathroom and a stairwell leading on to an ‘Ghorfa’ with its own ensuite and unobstructed views. Complementing the living area is a full view of the deck area and a full size pool that extends over the landscaped garden and fields. Pool showers and storage area have been completed to the same finishes of the house. This true gem offers a relaxing atmosphere away from centre and yet close to amenities. This home is ideal for entertaining whilst enjoying the family life style. Viewing should be highly considered.
Very well kept FULLY DETACHED BUNGALOW enjoying amazing views, comprising of an entrance hall leading to a formal lounge/dining room, fitted kitchen/dining room, 2 bathrooms, spare toilet, box room, study, 6 double bedrooms, main with en-suite, 4 shower rooms, then underneath one finds a 3-bedroom flatlet, massive pool, a mature 400sqm garden, furthermore is a 6-car garage with a drive-inn and a surrounding terrace! A TRUELY DREAM HOME!
One of a kind TOWNHOUSE situated in one of Valletta’s best streets. Property comprises of five floors and a roof with 360º views. One floor is at basement level.
Luxury, seafront PENTHOUSE in the much sought after area of Qui-Si-Sana enjoying outstanding sea views. Accommodation includes an open plan kitchen, combined sitting/dining with large terrace, 4 double bedrooms with ensuites, main bathroom and guest toilet. Price includes a 6-car lock-up garage.
Detached corner VILLA ideal for development. Mepa full development permit in hand for four semi-detached MAISONETTE, and underlying four two car carages. Existing layout consists of large surrounding mature garden with well and ample space for pool. Large entrance hall leading to a combined sitting/dining, washroom, spare toilet/shower and separate kitchen. A marble stairs leads to a large landing with study, family bathroom, spare toilet, four double bedrooms, main with en-suite. At roof level a large room with open country views. Complimenting this property is a side by side two car one garages. Freehold
Set inside the magnificent Fort Chambray is this Semi-detached villa enjoying a unique position within the fort. Accomodation also includes a kitchen, living/dining, two bathrooms, own roof terrace, pool and deck area, garage and own underlying two bedroom self contained flatlet.
This beautiful converted FARMHOUSE having lots of character with old beams etc. As you enter, you find a long living area, dining room, and separate kitchen, one bedroom that is downstairs and other three rooms being used as an office, which could be easily changed to lovely bedrooms. This charming property enjoys 1.2 tumuli of land with country and sea-views, stones away form St.thomas Bay. Worth Viewing
A truly luxurious fully detached recently built villa situated on high grounds on solid rock, enjoying fantastic outside area having a pool with overflowing system with deck area and kitchenette. Comprising hall, sitting room with functional fireplace, dining room, guest toilet, open plan kitchen/living/dining overlooking pool area, four double bedrooms with bathroom ensuite, guest bathroom, indoor swimming pool, laundry room, 2 car garage and much more. Must be seen to be appreciated.
Victoria Gardens, Ibragg – A fully detached corner villa set on just over 1,100 sqm. Property comprises of a welcoming hallway, large study, cinema, separate living room, dining, sitting room. A large fully fitted kitchen/breakfast with walk-out onto terrace, guest bathroom. four double bedrooms, ensuite bathroom and washroom at roof level. At road level one finds a flat let comprising of a large double bedroom, a single bedroom or study, fully fitted modern kitchen/breakfast, living room and main bathroom. Two separate garages with a five car capacity each. property is surrounded by a garden, lawn area, pool and pool deck, bbq area and a lovely outdoor eating area under a wooden gazebo. Property is freehold
Wins Best Real Estate Agency and Best Real Estate Agency Website at London International Property Awards.
Following RE/MAX Malta’s successes in the 2008 and 2009 International Property awards the company was inducted as members of the LIAD, which is an elite group of Leading International Agents and Developers. Furthermore, for the second year running RE/MAX Malta won the 2009 Best Real Estate agency and 2009 Best Real Estate Agency Website awards. The awards were presented at a Gala dinner held at the London Marriot Hotel last month.
Being a member of the LIAD broadens RE/MAX Malta’s network of real estate agencies. Through this network RE/MAX Malta will have easy access and communication with all award winners from the various regions of Asia Pacific, Europe, Africa, Arabia and the Americas.
The International Property Awards, which this year were co-organised and backed by CNBC, The New York Times, The Daily Mail, The Sydney Morning Herald, Bangkok Post and the Sin Chew Daily are the most prestigious awards programme dedicated to finding the best real estate professionals across the globe. Every company entry is judged by a large panel of professionals whose collective knowledge of the property industry is second to none and unsurpassed by any other property awards.
The awards are open to real estate professionals that are able to submit a comprehensive document and presentation based on the particular award topic they are entering. RE/MAX Malta’s Best Real Estate agency’s submission consisted of a comprehensive document highlighting all company’s operations and procedures together with the marketing strategies being adopted both locally and overseas. The Best Real Estate Agency Website submission consisted of a detailed document highlighting the technical and marketing efforts of the Company’s website. The submission was judged by the panel which included representatives of the largest search engine company in the world, Google.
This year’s judges included Ben Wood, industry head property markets of Google UK; Peter Bolton King, group chief executive of the National Federation of Property Professionals; Imtiaz Farookhi, chief executive of the National House Building Council; Christopher Hall, president elect of FIABCI; Wilhelm Harnish, Master Builders of Australia (MBA); Thijs Stoffer, International Consortium of Real Estate Agents Association (ICREA); Helen Shield, editor-in-chief of International Homes magazine and Gillian Farr, head of design of Laura Ashley Home.
RE/MAX Malta’s Regional Director, Jeff Buttigieg said that “We were extremely proud to have won these awards amongst stiff opposition from other real estate agencies in Malta. This underlines that RE/MAX Malta commitment and leadership in the Maltese real estate market.”
Fully detached, furnished and air-conditioned VILLA, housing spacious hall, sitting, kitchen/dining over flowing to a 30′ x 30′ garden. Also comprising of a four double bedrooms, three bathrooms, three-car garage, three-car drive-in, front side gardens and a balcony. Property situated in a quiet area and surrounded by fantastic sea and country views.
Situated close to the town’s center is this Penthouse build on two roads having a large terraces with views. The spacious layout consists of an entrance hall, open plan kitchen/living/dining, three double bedrooms (two of which ensuite) one bathroom. Finished to high standards and served with lift. Optional garages are also available
Highly finished, designer finished terraced house situated in the heart of this lovely village. Property has an unusual layout consisting of an entrance hall leading to the living area, dining room, separate kitchen, spare toilet at ground floor level. At first floor level one finds 2 double bedrooms, front balcony, bathroom, at 2nd floor level one finds a study room which can be turned into a 3rd bedroom, good size terrace and a washroom, top floor has a good size room with an en-suite and a terrace that can be converted into a recreational area or 4th bedroom.
In this elite, highly sought after area, enjoying spectacular Bay and Sea views, overlooking Villa Rosa’s mature picturesque garden. This location is exceptionally located due to the Beaches and Resorts and other various types of entertainment such as facilities, hotels, night clubs, cinemas, super bowl, Casino. Property comprises of two double bedrooms, one with ensuite, newly fitted kitchen, open plan. Complimenting this apartment is a lovely spacious terrace enjoying unobstructed Bay Views. Car space included.
Highly finished CHARACTER HOUSE totalling 570sqm. The house is full of period features such as a large double height mill room, central courtyard and ‘loggia’. Accommodation includes sitting/living, large hall, spacious garage, ultra modern fitted kitchen with appliances, dining room, and family/games room and two yards on the ground floor. On the first floor there are four double bedrooms, two of which are circa 40sqm each, a walk-in wardrobe, the ‘loggia’, study and two bathrooms. Truly a magnificent house!
First floor MAISONETTE with full roof and side sea views with excellent rustic finishes. Accomodation includes a spacious sitting/living, separate kitchen, three bedrooms, main with ensuite and guest bathroom. A very sweet place that is already an excellent home.
Situated in a lane on the village outskirts close to a sandy beach and lovely country walks is this House of Character. This property has a square layout and plenty of natural light. Accommodation offers an entrance hall, spacious living room, kitchen/dining that lead to a large south facing deck and pool area. There are 4 bedrooms; main bedroom enjoys a small terrace with views, 2 en-suites, family bathroom and guest bathroom. A lovely roof terrace with surrounding views further compliments this fantastic property. PEACEFULL SURROUNDINGS.
A lovely first floor MAISONETTE, with spacious, very large living/dining/kitchen area, three bedrooms, main with en-suite and guest bathroom. Back and front terraces. Property set in a quiet and prestigious area of this town. Optional two car garage. Very good investment opportunity.
A Stunning and Bright luxuriously finished top floor APARTMENT impeccably presented, being sold fully furnished. Accomodation comprises entrance foyer, fitted kitchen with dining/living all overlooking a spacious terrace enjoying unobstructed country views. There are three bedrooms, main with en-suite shower, main bathroom, a laundry room, and a large front terrace. An underlying 1 car garage and storage space is also included in the price . Property offers a superb and unique finish throughout and is highly recommended!
Large HOUSE OF CHARACTER in St Julians, a rare find, has to be one of the best around. Approx 200 years old was first build for the Parish Priest. Few other places can summon up such an immediate atmosphere of unparalleled charm, friendliness and a place of well-being. A fully converted HOUSE OF CHARACTER situated in St Julians.
We have the pleasure to bring to you the Top 10 Luxury Property in Malta of the week carefully selected from The RE/MAX Collection. The RE/MAX Collection is a high-end brand that is for those clients looking specifically for a high-end luxury property investment in Malta.
Very well converted FARMHOUSE set in the countryside comprising of an entrance hall leading to a very large lounge, formal living/dining room, study area, fitted oak kitchen/dining room, 3 double bedrooms, bathroom, spare toilet, terrace, 3-car garage and 7 tumoli of land.
A Unique HOUSE OF CHARACTER exposing an expert conversion with a very high standard of finishes, enjoying loads of natural light whilst boasting privacy. This lovely home takes you through a welcoming entrance hall, leading on to a central courtyard, covered by a fully automated sun roof and linking to a formal sitting room. A modern kitchen and breakfast area overlooks the garden; a spacious dining room and an informal, cosy living room. A landscaped garden compliments the pool and deck area with guest facilities and gardener’s ‘shed’. A 300 years old stone staircase leads to the upstairs foyer and study area and surrounding three double bedrooms with their own ensuites where two of the bedrooms lead on to the garden and a spacious terrace. A spiral staircase leads onto to the washroom and roof area. One can enjoy the modern and economic technology of a fully air conditioned home as well as a solar paneled water heating system. Complimenting this house are characteristic features such as flagstone and patterned floor tiles, a birthroom, arched ceilings, ‘xorok’ and other authentic features as well as a car port. Two live fireplaces in the living areas give it a final touch creating a warm and romantic atmosphere. This rare opportunity should not be missed.
Luxury finished APARTMENT overlooking the Marina and comprising of a formal sitting and dining area, kitchen and living area, both leading onto a large terrace, fully fitted kitchen with all appliances, two double bedrooms both with ensuite, one single bedroom with ensuite, Versace designer guest bathroom, a back terrace and one car space. Properties also facilitates the use of communal pool and all other Hilton facilities. Property is highly recommended.
A very rare FARMHOUSE situated in the heart of the countryside with stunning 360’ views comprising 19.5 Tumoli of land. This farmhouse is relatively new after only been converted 3 years ago. The house comprises a lovely drive inn that takes you right up to the main entrance were once finds a sizeable car-port and 2 car lock -up garage. The house is divided onto two levels, the ground level were one finds 3 very large double bedrooms all ensuite and also one finds two interconnecting rooms with its own entrance were one can use as guest quarters. On this level one can also find lots of storage space and all the utilities for maintaining the house. The 1st floor offers a huge living dining with plenty of access to the pool area. The kitchen is separate and is fully fitted with its own b’fast area. The pool is a very good size and is positioned for maximum sun light and entertainment. This is a house that one can only view to appreciate & fully understand its value, it has all the typical Maltese character but is situated in a very tranquil area. Viewing Highly Recommended
Three bedroom, detached BUNGLOW IN AN EXCELLENT LOCATION. Accommodation comprises of four bathrooms, three terraces, hall, dining, kitchen, boxroom, washroom, pool, large garden and 9-car garage. Built on one tumoli of land and equipped with a lift and a slope for a wheel chair.
This FARMHOUSE is a fully detached and set in its own land delineated by stone walls. Dating back to the mid-eighteenth century, it has been carefully restored using traditional materials. There are an abundace of original features, including original Maltese tiled floor, arched ceilings, wooden beams and some “ciangatura” flooring. The whole of the farmhouse and its surrounding land have been mantained to a very high standard. It is located in a peaceful and tranquil setting, secluded and totally private, yet not isolated. It is situated in a lane which was recently rebuilt by the owner of this farmhouse and all utility services, including cable TV, broadband internet, telephone lines, mains water and electricity, are now safely housed in a culvert beneath the new lane. Its location is quite unique in Gozo, and there are very few to match it in the whole of the Maltese islands. All the land surrounding the property is farmland, affording stunning, uninterrupted views of the Mediterranean Sea, the Ta’ Pinu Church, the Ta’ Gurdan Lighthouse and the San Dimitri Chapel. It is one of the most westerly located properties on Gozo, enjoying sensational sunsets on most nights of the year.
Situated at the waters edge is this EXCELLENTLY FINISHED 9TH FLOOR PENTHOUSE situated in Sirens area, measuring approximately 500sqm having marble floors, large open plan kitchen/living/dining room leading to a large front terrace enjoying magnificent sea views, 4 double bedrooms, en-suite with Jacuzzi and walk-inn wardrobe in the main bedroom, lovely hall, bathroom, and also includes a 2-car garage. All rooms lead to the 360degrees terrace. MUST BE SEEN TO APPRECIATE!
A stunning PENTHOUSE set on one of the tallest blocks of this prestigious award winning development offering absolutely amazing views of Valletta, Manoel Island and Marsamxetto Harbour. Enjoying an impressive overall floor area of 415sq.m. and comprising an imposing open plan living/dining overlooking and leading onto a wide terrace, pool / deck area, a lavish fully fitted modern kitchen/b’fast, 3 double bedrooms (Two of which with own ensuite) with own terraces all enjoying sea views, guest bathroom, and utility room. This fantastic property has been designer finished to highest specifications and is being offered fully furnished. Not to be missed!
Immaculately finished HOUSE OF CHARACTER spread out on two and a half tumoli of land (approx. 3,000 SQM) Certainly nothing like it on the market. This unique property comfortably accommodates a large imposing entrance hall, kitchen/dining, another formal dining room, a lounge/living, five bedrooms, three bathrooms plus three ensuites, a very large garden full of mature fruit trees with a separate landscaped area leading to a spacious pool and deck area. A large street level ten car garage compliments this rare find. Property could also be ideal as a wedding reception premises or an embassy.
Take doorways of Malta Property. Keen photography enthusiasts will find food for inspiration here. The older doors can be pokey little affairs that lead into decades-old Houses of Character in Malta, just as they could become huge and imposing prima donna affairs equipped with gigantic brass knockers, shoe mud scrapers, dainty bell-pulls and fronted by complexly decorated wrought iron gates. One particularity linked closely to the country’s religious ties is the proliferation of holy niches, religious figurines and Christian emblems that are usually embedded next to the house name or door number and very often also lit up with a miniature lantern. House names of real estate in Malta can be quite entertaining – ranging from that of the village patron saint, to the name of the Australian city from where the family repatriated, to bizarre combinations created out of the owners’ names. And then there is the ‘hasira’, very often placed right in front of the main door – a kind of curtain made of spliced bamboo reeds that is used to keep the sun out and retain the cool ambience indoors. 
When in the mid-60s the laws governing the importation of foreign furniture were revised it seems as if the passion to own antique furniture, pottery, porcelain, silver, glass and metalwork objects was given a boost. The advent of Fondazzjoni Patrimonju Malti Fondazzjoni Patrimonju Malti (Maltese Heritage Foundation) in January 1992, besides highlighting the islands’ cultural heritage and its welfare, was instrumental in creating an awareness about the joys of possessing antique objects which could boast of an existence beyond that of its owners. 
RE/MAX Malta will be one of the main sponsors of the Maratona Volleyball, organised by 
does shine throughout the year but because Malta offers a very advantageous tax advantage if you were to buy a property in Malta and become a resident. Read on to learn more……. 
in demand. Malta’s colonial era, with its heavy dependence on the presence of the British Forces, had encouraged the consideration of certain foreign furniture as more prestigious and, in say catalogues from the 1940’s, the EM symbol, standing for ‘English Made’ frequently embellishes descriptions in catalogues.
When you first walked into your new 
These can be helped in their climbing by the addition of pretty wooden or plastic trellises that can be easily attached to the wall. If you seek the advice at a reliable nursery, you will be able to get a fast-growing plant which potentially also produces flowers, such as the white stephanotis. Using this plant against a terracotta coloured wall is great for visual impact.
Umbrella Grass. The latter loves having its tootsies immersed in water.
When one is involved in theatre one is immediately aware of lighting. Putting it crudely: it either makes or breaks your set design.
Have you ever dreamt of moving abroad to an English speaking Island in the middle of the Mediterranean where crime is practically non-existent, the climate is pleasant throughout the year, the standard of living is high and the cost of living being reasonably low? Well, you can stop dreaming because your wishes may even be closer than you think. You might just want to start packing your bags after you read this.
An individual who is economically self-sufficient must prove to the authorities that he or she is in receipt of an annual income of €23,000 if married and €14,000 if single.
state may freely acquire immovable property that is required for the purpose for which it has been set up as long as it is directly controlled by citizens of the European Union Member state who has resided in Malta continuously for five years. A commercial partnership established and operating from a European member state (therefore including Malta) may freely acquire immovable property that is required for the purpose for which it has been set up as long as such partnership is controlled by and at least 75% of its share capital is held by a person (or persons) who is a European Union member state citizen and who has resided in Malta continuously for five years. Any other body of persons require a permit, which is only granted if the property is required for an industrial or touristic project or as a contributor to the development of the economy of Malta.Permission may be refused for the purchasing of property, which is considered to be of historical interest
In summary, Citizens of an EU Member State enjoy the benefit that they can buy their first property in Malta without restriction. Permits are not required in most cases and when they are they are easily issued to all bona-fide purchasers without any major requirements.
PORTOMASO – Brand new, double fronted APARTMENT being sold fully furnished. Highly finished property comprising an open plan kitchen with a split level living area leading onto a good size terrace and double bedroom ensuite overlooing the marina complete with walk-in wardrobe as well as a jacuzzi. Property includes a large laundry (potential second bedroom). €628,931
PORTOMASO – Highly finished three-bedroom APARTMENT available in one of Malta’s most prestigious developments, comprising of an open plan kitchen/breakfast/living leading to a terrace enjoying marina views, three good sized bedrooms, main with an en-suite, and a guest bathroom. One car parking space included in price as well as all the high quality furniture. € 885, 162
PORTOMA SO – Opportunity to acquire a DUPLEX APARTMENT situated in this prestigious development. Property measuring 113.4sqm is being offered highly finished and comprising a large open plan kitchen/living/dining with terrace, main bathroom and a double bedroom. Residence is still on plan and will be complete in June 2009. Car spaces are also available. €442,581
SLIEMA (TIGNE) – Fantastic south facing Duplex Apartment prominently located on the prestigious Tigne Seafront, offering stunning views of Valletta and the open sea from it’s large terraces, magnificent living areas and main bedroom suite. Boasting an overall area of 319sq.m. and offering extremely spacious and bright accomodation in the form of a beautiful combined kitchen (inc.pantry) / living (incl. guest toilet) with a seperate split level sitting/dining both leading onto own sunny terraces. Upper level sleeping quarters offer two double bedrooms and a stunning seafront main bedroom suite inc. walk in wardrobe/ensuite bath. Property is being offered highly finished making this an overall great investment. € 715, 118
TIGNE’ POINT – Luxury PENTHOUSE, with private pool, located on the 10th floor and forming part of the most exciting project presently being developed on the island. Set right on a tip of a peninsula directly opposite the historical Valletta Bastions the whole development offers a setting of a unique kind. The apartment is presently being finished to the highest specifications and offers a layout in the form of 3 double bedrooms all inclusive of en-suite bathrooms, a guest cloakroom, very large kitchen (complete with pantry) adjoining the day family room, large sitting/dining, spacious surrounding terrace, pool deck and good sized swimming pool. Price includes 3 car spaces. € 1, 770, 324
TIGNE POINT – A 174 sqm APARTMENT available in Malta’s most prestigious up-coming development Tigne Point. Being offered highly finished including full air-conditioning and under-floor heating in bathrooms and Master bedroom) this lovely property offers an entrance hall, large sitting/dining, kitchen/living all leading to a sizeable front terrace. Two good size bedrooms(main with en-suite and walk in wardrobe), main bathroom, spare toilet, and utility room complete with a drying terrace. Optional car space. € 423, 954
MADLIENA – This luxury Villa enjoys a large living space, kitchen, dining room and bathroom overlooking the pool area on ground floor level. Three double bedrooms (master with en-suite) with balconies and one bathroom on first floor level. A separate gym and laundry room is situated at roof top level also enjoying its unobstructed sea and country views. This luxury residence also benefits from an utility room and a four car garage at semi-basement level with an interconnecting lift to all floors. € 556 720 
The type of employees that seek out employment overseas are usually highly educated or trained according to their job descriptions and therefore are able to afford an average to above average rent ranging from € 400 per month, which would accommodate them in a one bedroom apartment to € 700 per month which would able the employee to afford a luxury two bedroom apartment next to the seafront. Executives usually rent properties with prices ranging from € 1000 up to even € 3500. These budgets would afford them anything from a seafront apartment in 
In recent years reports and statistics have revealed a considerable increase in the number of people investing in rental properties and therefore becoming new landlords. Indeed, for some, buy to let 
RE/MAX Malta is organising a two day seminar for their associates and managers featuring 2 foreign key note speakers. The Chief Operating Officer and Managing Director of RE/MAX Europe, Mr. Charles ‘Chuck’ Lemire and Richard Duggal, a Top 100 RE/MAX associate from North America will be arriving in Malta on the 21st of April 2010 to participate in the seminar that will be held at the five star Corinthia Hotel, located St. Georges Bay, St. Julian’s.
mitment to the education of their associates and managers alike. The event will also include two local trainers, Mr. Paul Vincenti, the RE/MAX’s approved trainer and Mr. James Busuttil, of RE/MAX Central located in B’kara. Regional Director of RE/MAX Malta commented by saying ”It will be an honour to have Mr. Lemire back in Malta with us. We are lucky to have the availability of such influential speakers such as Mr. Lemire and Mr. Duggal. We look forward to another successful event”
“With very few of the stock launched to the market to date still for sale, we have managed to retain our prices and still achieve a reasonable and steady stream of sales notwithstanding the adverse 
styles and sizes of homes within the project. These range from one bed-roomed ‘loft style’ studio apartments to four bedroomed fully detached foreshore penthouses with sprawling terraces and private heated pools. These, and everything in between, have their own markets and potential buyers. The one thing these homes have in common is the convenience factor of this unique destination and the fact that we aim to make them the best properties within their respective categories.” 
countryside. These used to serve as a respite from the hot temperature found in cities during summer. Possessing a villa has always been a sign of power and wealth. Generally, for a property to be considered a villa, it has to be larger than usual, equipped with all amenities and facilities including gardens, swimming pools and nice views on the sea or countryside. 
I brought up the question of security with a friend who is very knowledgeable about
decided on a maisonette in Malta or a 
second year running RE/MAX Malta won the 2009 Best Real Estate agency and 2009 Best Real Estate Agency Website awards. The awards were presented at a Gala dinner held at the London Marriot Hotel last month. 
