Buying Property in Malta As an Investment

You’ve decided to buy a property – but what’s next? The very idea of ​​looking for a property in Malta, planning the move, legal issues, conventions, mortgages and expenses are enough to make anyone’s hair stand on end.

Buying a property is one of the most important financial decisions you will make in your life. This is a long and difficult undertaking that, while exciting, is often stressful and anxious. But, fortunately, there are many good tips to help you make the process of buying a property as simple and hassle-free as possible.

Once you find a properties malta  that you like, which can take anywhere from a few days to many months, the process  from accepting your offer to finalizing the sale can take as little as 12 weeks.

We have prepared a series of articles as a guide to buying property in Malta.

Real estate prices

One of the main drivers of rising and falling prices is the supply and demand chain. How many people are looking for the same property and in the same area you are looking for and how many properties are available according to your search criteria. If there are more buyers than sellers, prices tend to rise. If there are more sellers than buyers, prices tend to fall. However, it is not that easy as people buy and sell completely different types of properties, new and old, studio apartments, large villas, furnished or unfurnished, in good condition and those that require a lot of investment, just to name a few! If buyers only want villas in Sliema and only apartments are available, then the price of the apartments may go down and the prices of affordable villas can go up. If everyone wants to live in a particular development and there is a limited number of apartments available, as in, say, the Portomaso development in St. Julian’s, prices can rise regardless of any market conditions, as long as demand stays the same.

In order to get the property you want and reach your prerequisites, you may need to compromise on price and space, or resign yourself to living on the outskirts of the area or living without some essentials, which may not be the most logical.

If you are planning to invest in buying property in Malta, there are certain factors you need to be aware of. In Malta, there are certain restrictions on what kind of property a foreigner can acquire and what he can do with it. A foreigner can buy one piece of residential property, which he can use as his main residence or as a vacation spot when he visits this place. The purchased property cannot be rented out to anyone else.

In order for a foreigner to be able to buy a property in Malta, there is a minimum price that must be paid for an apartment, as well as a house or villa, in order to be able to obtain an AIP (Property Acquisition) permit, which is issued by the Ministry of Finance and usually takes about 6- 8 weeks. These prices are £169,205 for a house or villa and £101,551 for apartments or maisonettes.

When buying property in Malta, several conditions must be met. The property that a foreigner wants to buy must cost at least 1,16,468 euros. In addition, funds for the purchase of property in Malta must be raised from outside the country.

Despite the restrictions, the serene beauty of the Maltese Islands draws people from all over the world. Some of them want to buy realestate malta and relax among the amazing nature for the rest of their lives, while others invest in real estate just for the sake of vacation. The island is small but boasts a lot of character. From various historical sites testifying to the different cultures that have visited Malta, to luxurious sandy beaches under blue skies and a variety of mouth-watering dishes, Malta has all the ingredients to keep tourists coming back for more. Some visitors are planning to buy property in Malta as a place of retirement.

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