Property in Malta
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Malta. Supplemental information
Malta. General information about the market
The real estate market in Malta is one of the most stable European markets. Demand for real estate in this tiny island nation is consistently high thanks to the warm climate, high quality of life and low taxes. It is significant that during the global financial crisis that hit all housing markets in the world, the demand for property in Malta from buyers from abroad, in General, remained at the same level. Since the spring of 2009 in Malta there has been a steady growth in house prices, which experts predict will continue in the coming years.
Malta is one of the most important international business centres due to its geographical position and significant tax benefits. Country included in the so-called white list of the European Union in relation to financial transactions. Because of this, Malta is one of the most attractive destinations for foreign investment. Not accidentally, the majority of property buyers in Malta are foreigners, including many Russian citizens.
In Malta, there are some restrictions for foreign buyers. In particular, the market is divided into two: regular and "special". On a normal foreign citizen may not purchase more than one object, for which he required special permission. In a special segment, foreigners can buy houses without restrictions, so most foreigners buy housing in a "special" sector.
In addition, for citizens of countries that are not members of the European Union, including the Russians, have restrictions on price. However, these minor limitations do not affect the demand from foreigners.
