Buying a property in Malta is one of the best investments that you can make. The country’s small size and growing population makes it a highly lucrative investment opportunity with prices that are much higher than those of most other EU nations.
The procedure for buying residential property in Malta is the simplest when you buy an apartment in one of the Special Designated Areas (SDAs). In this case, foreign investors do not need an AIP permit and can purchase several objects and rent them out. In SDA complexes, you can find all the services that are necessary for comfortable living, including restaurants, beauty salons, shopping centres and swimming pools. Besides, public transport stops are located near the complexes, so it is easy to reach schools and hospitals in no time.
Navigating the Legal Aspects of Purchasing Property in Malta
In addition, many foreigners buy houses and apartments in Malta because of the attractive residency programs enabled by the government. For example, you can get permanent residence or citizenship by naturalization for exceptional services if you invest a certain sum of money. This is why the country has become so popular among the wealthy from all over the world.
If you decide to buy a house or an apartment in Malta, you should hire a professional property negotiator who can help you find homes that have not been advertised publicly and negotiate a price that suits your budget. A skilled negotiator can also spot defects that the seller glosses over.