The Real Estate Market Malta is one of the most stable markets in Europe and it has gained a reputation as an attractive investment destination. Whether you are a local or foreign investor, it is important to know all the ins and outs of the Maltese property market to get the most out of your investment.
The Maltese housing market is currently undergoing an upswing. This is a result of the increased interest in properties by foreigners and those seeking to qualify for the Maltese Golden Visa.
There are many different types of homes for sale in Malta, ranging from modern apartments and penthouses to villas and historic homes. Regardless of your budget, there will be something that suits your needs.
Malta is a popular choice for property investors thanks to its tax-friendly environment, which attracts both local and international buyers. In addition to this, the country has a very good reputation as a safe place to invest in property because it offers an excellent return on investment.
A large number of people are now looking to buy their first home in Malta. This is in line with our barometer population’s desire to acquire a property for personal use as well as investment purposes.
According to the survey, 80% of respondents are interested in properties that are priced under EUR300k. This could indicate some pressures within the current property market given the consistent upward trend seen on public property indices.
The average cost of a property in Malta is EUR220,000, which varies depending on the location and type of property. Apartments are generally the most sought after type of home, followed by villas and terraced houses.
Malta’s economy has been steadily improving since the financial crisis and is expected to continue doing so. This is a positive sign for real estate investors in the country as it means that prices are expected to recover significantly over the coming years.
Aside from the strong economic outlook, there is also an increasing demand for properties on the islands of Gozo and Malta as a whole. This is in part due to the fact that both islands offer a very diverse range of homes, as well as an excellent quality of life for those who choose to live there.
This is reflected in the amount of money that is being spent on properties, with the total value of property transactions in the first three quarters of 2022 rising by 23.7% year-on-year (y-o-y). The largest share of the dwelling transactions were apartments, which rose by 22.8% y-o-y, and maisonettes, which rose by 19.5% y-o-y.
The price of new residential units on the island was EUR128 million in the first three quarters of 2022, up from an average of about EUR90 million in the previous two years. This is a significant rise in prices, which is likely to be further accentuated by the increasing supply of new dwellings.