Buying a Property in Gozo, Malta

  • 17.June 2009
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If you’re in search for the perfect property with guaranteed peace and privacy, you should head for neighboring Gozo (in Maltese is called ‘Ghawdex’, pronounced: Awdesh). The island provides a tranquil haven for a tempo and scene change. In addition to its clear blue waters and stunning scenery, this tiny island has delightful, atmospheric properties built from local honey-colored limestone. You can find these great properties commanding great views over the countryside to the sea beyond. Gozo has built a second-to-none reputation as a leading Mediterranean destination for anyone wanting to set up a business, a buy property in Gozo as a holiday or retirement home or simply as an investment.

The charm is apparent the moment you arrive there.  Greener, more rural and smaller than Malta, life on Gozo moves at a leisurely pace. The island offers a fairytale setting with unspoilt surroundings and year round sunshine. The island – only 14.5 km long and 8km wide – has a beautiful rural charm dotted with tiny villages, each with its own Baroque church and patron saint’s day, celebrated annually with much fireworks, fun and revelry. Over 27,000 people inhabit the island and this amounts to one-twelfth of the overall population of Malta. When compared to the overall area of the Maltese Islands, Gozo covers approximately one-third of that area. This means that the island of Gozo is not overpopulated, and therefore greener, quite and more peaceful.

Gozo is steeped in myth. Thought to be the legendary Calypso’s isle of Homer’s Odyssey, it’s a peaceful, mystical backwater. Its history stretches back thousands of years, from the mysterious megalithic temples of Ggantija to the Knights of St. John’s walled Citadel, this is truly an Island that seems lost in time. Baroque churches and old stone farmhouses dot the countryside. The sea is only ten minutes from anywhere on the island. All roads in Gozo lead to Victoria, or Rabat, as the local people call it. Almost the moment you arrive in Gozo, you see its Citadel rising steeply above the surrounding countryside.

Similar to that found in southern Italy or southern Greece, Malta’s weather and climate are strongly influenced by the sea. It is typically Mediterranean, with hot, dry summers, warm and sporadically wet autumns, and short, cool winters with adequate rainfall. The guaranteed good weather makes Malta a popular holiday / retirement destination. Lace-making ladies still gossip in the quiet streets while their fingers manipulate their flying bobbins; farmers coax crops from the sun-beaten soil; the water laps gently at the volcanic rocks of the shore. The pace of life in Gozo is relaxed, at ease with itself and the world. Gozo has shrugged off the frantic race against time of modern life. And that’s how the friendly, welcoming locals like it. In Gozo, the leisurely pace of life itself revolves around farming and the sea while still offering excellent restaurants, exciting nightlife, a yacht marina, superb dive sites and all modern services.

Most properties have increased in value by at least 20% over the last two years. According to the European Mortgage Federation ( EMF ) during the last 40 years, the local housing market has recorded average annual gains of around 8%. In other words, this means that within five / six years the value of buying property in Gozo will have gone up by approximately 50%. Gozo is a very small island, leaving us with the net effect that land is a very limited resource. And by virtue of the basic economic concept (supply / demand) prices are always on the increase.

The Re/Max Gozo office is situated in 11, Independence Square, Victoria (better known with the Gozitans as ‘It-Tokk’). The office is a prestigious old townhouse which has been expertly converted and refurbished in this very active and historical square. It is renowned for having the largest selection of farmhouses and apartments both for sale and letting. Should you be interested in viewing some properties, our professional and friendly staff at our Gozo branch will be more then pleased to meet with you and show you a selection of properties, under no obligation. They will also be able to assist you with any queries that you might have regarding the purchase and letting of property, as well as taking up residence and settling in. Our comfortable office affords an excellent base for completing all aspects of property negotiations.

Clients wishing to view property in Gozo, the sister Island of Malta may arrange to be picked up from Mgarr Harbour without having to transport their car to Gozo. Those interested in purchasing have access to extensive property lists through the company’s state-of-the-art computerised infrastructure.

Choice of properties include traditional farmhouses overlooking some peaceful valley, apartments and luxurious villas in quiet Mediterranean settings. Sea views are never hard to find in Gozo wherever you choose to stay!  Contact Kevin Cauchi on +356 99459426 or email on [email protected]

 

written by:

 

Kevin Cauchi

Sales Associate

RE/MAX Property Centre

11, Independence Square,

Victoria, Gozo

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