A 15.1% surge follows them in Valletta, Marsa, Floriana, Pietà, Hamrun, and Santa Venera. Birgu, Senglea, Cospicua, and Kalkara are the Maltese regions with the most significant annual growth in property transactions: +21.2% as of the third quarter of 2022. The increase in demand varies from area to area. in 2022, the number of transactions slid by 4.1%, and the value of transactions slid by 28.5 year-over-year.in 2021, the number of transactions grew by 30.1%, and the value of transactions increased by 51.5% year-over-year.Latest dynamics in the Malta property market: It has bounced back to pre-pandemic levels, strengthened by government measures. Property price and transaction indexes by the National Statistics Office of Malta indicate a strong demand rising since 2021. The country has organised 16 Special Designated Areas on the islands of Malta and Gozo.īuying property in Malta for foreigners in SDAs:īuying property outside of Special Designated Areas: Other restrictions do not apply in these areas: for example, an investor can purchase several apartments or houses in an SDA and rent them out.īuying real estate in SDA complexes is twice as fast as in other areas. Without an AIP permit, foreigners can buy real estate in Special Designated Areas (SDA). The term for purchasing a property with an AIP permit is usually 4-6 months. With the permit, foreigners can only buy one property and use it solely for their residence they can’t rent it out. In most cases, third-country investors will need an AIP permit to buy an apartment or a house. Source: Eurostat Restrictions for foreigners who buy property in Maltaįoreigners have restrictions on purchasing property in Malta. The average real estate value in 2015 was 100%. Residential property prices in Malta are growing at about the same rate as the average in the European Union. Individual buyers purchased nine out of ten properties, and companies bought the rest.įour out of five people in Malta live on a property they own: 57% live in apartments, and 43% - in houses or villas. The average cost of a house or apartment was €227,000. The culture of Malta SIR is defined by our knowledgable and dedicated diverse team which spans over multiple nationalities, whether you are a vendor or a buyer we speak your language.In 2022, 14,000 properties were bought in Malta. Our real estate professionals will guide you towards finding your ideal home throughout the entire buying and selling process. We realise that a home is much more than a place to live - it is a sanctuary from where we build families and dreams. We understand the importance of finding a home that not only suits your needs but suits your vision for the future – a place that facilitates comfort, creativity and familiarity. We derive our success from local expertise, professionalism, commitment, and discretion to meet any client’s needs. Launched on the Maltese islands in 2013, Malta Sotheby's International Realty had one clear vision and goal in mind – to offer our clients the highest level of commitment and quality of service in the high-end residential and commercial real estate market throughout the Maltese Islands. Other properties to let in the capital include maisonettes, penthouses, townhouses, and offices for corporate companies. There are various apartments for rent in Valletta including properties with magnificent sea and harbour views. Property to rent in Valletta is always on the increase. Because of its World Heritage title Property for rent in Valletta is in high demand. Today Valletta is an administrative and commercial super hub on the Maltese Islands. Many of Valetta’s historical and traditional architecture still remains today and the city is home to the largest concentration of art in all of Europe attracting thousands of tourists to its beautiful streets each year to marvel at its museums, palaces, and grand churches. John, boasts magnificent Baroque architecture and monuments dating back to its conception and was completely built by hand. Valletta, which was established in the 1500’s on a peninsula by the knights of St. Announced as a UNESCO World Heritage site in 1980 Valletta is famous for the walls that surround it. The Capital City of Valletta is the smallest capital city in the European union and sits as a beacon on the South Eastern coastline of Malta.
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