“Malta” has been hitting the International news lately for its Citizenship by Investment Scheme. There are a number of other reasons why Malta has become the Mediterranean hub for Investment and this recent scheme is just one. You may be applying for residency, starting a new company, simply retiring to our Islands or you may have found a job in one of our thriving Industries. The common denominator in all the above mentioned scenarios is that you are going to require the assistance of a real estate agency in Malta or Gozo.
RE/MAX Malta has just come out of their most successful year recorded in their ten year history. Merely reaching the astounding €200 million mark in property sales, by far the most sales recorded in a calendar year by any one real estate company. As an authority in the real estate Industry in Malta, we’d like to provide you some further market knowledge.
Firstly, Malta is one of the few European countries to enjoy financial stability throughout the Global Recession. In fact, due to this the real estate market has continued to flourish throughout the last five years.
During 2013, just over 7400 residential “Promise of Sales” were recorded in Malta and Gozo of which approximately 12% of these properties were bought by foreign nationals. More than half of the properties bought by foreign Nationals were apartments, whereas the other property types, sorted by preference, were; character homes, maisonettes, penthouses, terraced houses, airspace and villas.
Malta is currently experiencing a buyer’s market. During this period of time, prices tend to regulate and become more realistic whereas the well-kept homes on the market are the first to be sold. A good indication that – there’s shouldn’t be a better time to invest in brick and mortar.
Although our property market does fluctuate from time to time, the prices of Maltese properties are extremely affordable by most European standards. With the current high demand from foreign investment, coupled with the strong belief in the real estate market from the locals, prices will continue to rise.
As with any other country, Malta has certain localities that can offer a higher return on investment and better rental yield – which is particularly attractive for those who intend to purchase a property and/or rent it our during the periods that they will not be in Malta. Foreigners may rent properties that are bought within the Special Designated Areas. A rental return on investment of between 4% – 6.5% may be achieved in these areas:
The Special Designated Areas are Life Style Developments that are located in High-End Luxury areas. If you are not interested of having the option to rent out your property you may be interested in other areas of Malta. Being the largest real estate company on the Maltese Islands we have the largest database of properties and over 150 associates that are specialised in every type of property and location available.
It is of utmost importance that you work with a professional real estate agent who specialises in the kind of investment you’re looking to make. The downfall to any miscalculation would be a serious amount of repercussion that may affect your pocket negatively. If you need more information on investing in real estate in Malta, contact a professional real estate agent in Malta or go to www.remax-malta.com