Why should you invest in Maltese Real Estate in 2019
House prices in Malta are still rising, with a sharp increase of 10.83% (9.51% inflation-adjusted) during the year to Q1 2019, according to the Central Bank of Malta (CBM).
The "better than expected" economic performance of Malta was confirmed by the European Commission.
House price increases were felt across all property types:
- Apartment prices rose by 11.02% on average during the year to Q1 2019.
- Terrace house prices rose by 15.34%
- Maisonettes prices rose by 7.82% year on year
- Townhouses, houses of character and villas, experienced the highest price increases of 15.96% year on year
The property price increase is due to rising tourism, more expat workers, and the introduction of the Individual Investor Programme
Prices were also boosted by government measures including the exemption of first-time property buyers from a 3.5% stamp duty on the first €150,000 of a new property´s value. Second-time buyers are eligible for a stamp duty refund of up to €3,000 if they are replacing their residential homes. Homeowners with disabilities get a higher stamp duty refund of up to €5,000.
Rental yields in Malta are around 4.4% for apartments favoured by the non locals such as Sliema, St. Julian´s, and Swieqi,
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