Malta's business-friendly tax structure and sunny Mediterranean climate have attracted international property buyers for many years. Demand for homes often outpaces the limited supply on the island, which is only 121 square miles.
Prices have been rising steadily by more than 10 percent annually for the past two years. Demand is particularly strong for traditional homes and newer homes in the countryside. Properties are becoming harder and harder to come by.
In recent years there has been a wave of new construction, particularly in apartments along the coast. The new apartment developments are attracting more international investors, many looking to offer the property as a rental.
The rental market has exploded.
Malta is also benefiting from the Individual Investor Program inaugurated in 2014, which offers a path to Malta citizenship to investors willing to make a minimum contribution and investment totaling 1.15 million euros including buying or leasing property. That also means full European Union citizenship, since Malta is a member.
In the first year of the program, Malta processed about 100 applications, according to Henley and Partners, the British-based group that helped to implement the program.
WHO BUYS IN MALTA
Malta has been a favorite of British second-home buyers for many years, but the island also attracts Scandinavians, Germans, French and other E.U. citizens.
In recent years there has been an increase in buyers from Asia and the Middle East.
If you are looking for a short or long term rental or sale properties in Malta and Gozo, ECSM Property Ltd has an extensive database. Furthermore our staff is on hand to assist with finding you a new, luxury or bargain residence on the Maltese islands. For more information and detailed guidance about Maltese properties look at our website www.ecsmproperty.uk.com or drop us a note on email@example.com We look forward hearing from you.