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One’s retirement is a time to pick the fruits of your life’s work, to relax and enjoy the rewards of years of dedication and to take things a bit easier. This means finding the perfect place to settle down and many choose Malta. With its rich history, Mediterranean climate, excellent healthcare, English language advantage and welcoming communities, the country has been an attractive destination for retirees from all over the world for decades.
The islands are a perfect place for those looking to live out their golden years in a location that offers 300+ days of sunshine per year, has mild winters and offers an affordable way of life. Senior residents are spoilt for choice when it comes to choosing a place to live: Malta offers anything from a quiet and serene environment to vibrant towns and villages.
This article delves into the demographics of Malta and Gozo, outlines the retirement visa criteria and highlights the best towns and villages for retirement, catering to various budget preferences. Additionally, it provides information on healthcare facilities, public transport options, dining and entertainment venues and accessible beaches suitable for seniors.
Demographics of Malta and Gozo
As of 2019, Malta’s total population stood at approximately 514,564, with the Malta region accounting for 480,134 residents and Gozo housing 34,430 individuals. Notably, Gozo has a higher proportion of elderly residents compared to Malta, particularly in age groups above 52. This demographic trend suggests that Gozo may offer a more retiree-friendly environment, with communities and services potentially more attuned to the needs of seniors.
Retirement Visa Criteria
Malta offers the Malta Retirement Programme (MRP), designed to attract retirees seeking residence in the country. Key eligibility requirements include:
- Property Investment: Applicants must own or rent qualifying property in Malta.
- Purchase: Minimum property value of €275,000 in Malta or €220,000 in Gozo or South Malta.
- Rental: Minimum annual rent of €9,600 in Malta or €8,750 in Gozo or South Malta.
- Pension Income: At least 75% of the applicant’s total income must be from a pension, which must be remitted to Malta and is subject to a flat tax rate of 15%.
- Residency: Applicants are required to reside in Malta for at least 90 days per year, averaged over five years and should not reside in another country for more than 183 days in a calendar year.
- Health Insurance: Comprehensive health insurance covering the applicant and dependents across the EU is mandatory.
- Administrative Fee: A non-refundable administrative fee of €6,000 applies, reduced to €5,500 if the qualifying property is in Gozo or South Malta.
It’s important to note that residency under this programme does not qualify for a long-term residence visa. Read more about the Retirement Programme here.
Best Towns and Villages for Retirement
Malta and Gozo offer a variety of locales suitable for retirees, each with its unique charm and amenities. Here are some top recommendations:
- Valletta: As the capital city, Valletta boasts a rich cultural heritage, numerous historical sites and a vibrant community. It’s ideal for retirees seeking an urban environment with easy access to amenities.
- Sliema: Known for its modern infrastructure, shopping centres and seaside promenades, Sliema offers a blend of urban living with coastal beauty.
- St. Julian’s: Famous for its entertainment venues, restaurants and picturesque bays, St. Julian’s is suitable for those desiring a lively atmosphere.
- Mellieha: Located in the northern part of Malta, Mellieha provides a more tranquil setting with beautiful beaches and a close-knit community.
- Victoria (Rabat) in Gozo: As the capital of Gozo, Victoria offers a mix of historical sites, markets and a slower pace of life, appealing to those seeking a peaceful environment.
- Xlendi (Gozo): A charming coastal village known for its scenic views and relaxed ambiance, making it a favourite among retirees.
Budget-Conscious Options
For retirees mindful of their budget, the following areas offer affordable living without compromising on quality:
- Gozo: Generally, Gozo has a lower cost of living compared to mainland Malta. Towns like Marsalforn, Xlendi, Nadur, Qala and Gharb provide affordable housing options and a serene lifestyle.
- Southern Malta: Regions such as Marsaskala, Birzebbuga and Zabbar offer more economical housing choices and a slower pace of life.
Luxury Options
For those seeking a more luxurious retirement experience, consider the following areas:
- Portomaso Marina (St. Julian’s): Known for its upscale apartments, yacht marina and high-end dining establishments.
- Madliena: An exclusive residential area offering luxury villas with panoramic sea views.
- Ta’ Xbiex: Home to elegant residences and close to yacht marinas, providing a sophisticated living environment.
Standard Options
For retirees seeking a balance between affordability and comfort:
- Naxxar: A central town with a mix of modern amenities and traditional Maltese charm.
- Attard: Known for its quiet neighbourhoods and proximity to the San Anton Gardens.
- Zebbug (Malta): Offers a blend of historical architecture and modern conveniences.
Healthcare Facilities
Access to quality healthcare is crucial for retirees. Malta boasts a robust healthcare system with several reputable clinics and hospitals:
- Mater Dei Hospital: Located in Msida, it is the main public hospital offering a wide range of medical services.
- Gozo General Hospital: Situated in Victoria, Gozo, it provides comprehensive healthcare services to residents.
- St. James Hospital: A private hospital with locations in Sliema and Zabbar, known for its excellent patient care.
- DaVinci Hospital: Located in Birkirkara, offering various specialized medical services.
Public Transport Options for Seniors
Malta’s public transport system is efficient and senior-friendly:
- Buses: The primary mode of public transport, with an extensive network covering both Malta and Gozo. Seniors can benefit from discounted fares by applying for a Tallinja Senior Citizen Card, which provides free travel for residents over 60.
- Ferries: Services operate between Valletta, Sliema and the Three Cities, as well as a fast ferry between Malta and Gozo. These are comfortable and accessible for seniors.
- Taxis & Ride-Sharing: Apps like Bolt and eCabs offer convenient transport, with wheelchair-accessible vehicles available upon request.
Dining and Entertainment for Retirees
Malta and Gozo provide a variety of dining and leisure options tailored to retirees.
Dining
- Traditional Maltese Cuisine: Ta’ Kris (Sliema) and Nenu the Artisan Baker (Valletta) offer authentic local dishes.
- Seaside Dining: Fontanella Tea Garden (Mdina) offers spectacular views, while Tmun (Mgarr, Gozo) serves fresh seafood.
- Fine Dining: De Mondion (Mdina) and Under Grain (Valletta) provide Michelin-starred experiences.
- Budget-Friendly: Café Jubilee (Valletta & Gozo) and many band clubs all over Malta and Gozo serve affordable yet delicious meals.
Entertainment & Leisure
- Cultural Experiences: The Malta Philharmonic Orchestra, Teatru Manoel in Valletta and numerous art galleries provide cultural enrichment.
- Outdoor Activities: Seniors can enjoy gentle hiking trails in Buskett Gardens, Dingli Cliffs, or Gozo’s countryside.
- Social Clubs: The Maltese British Association and Malta’s Active Ageing Centres offer activities and social gatherings for retirees.
Beaches with Easy Access for Seniors
Malta and Gozo are known for their beautiful beaches, but some are more accessible for retirees.
- Golden Bay (Malta): Offers gentle slopes, accessible walkways and sunbed rentals.
- Mellieha Bay (Ghadira Beach) (Malta): A sandy beach with shallow waters, wheelchair access and nearby restaurants.
- St. George’s Bay (Malta): Small but accessible, located near St. Julian’s.
- Marsalforn Bay (Gozo): A flat, easy-to-access bay with a promenade and restaurants.
- Xlendi Bay (Gozo): Ideal for scenic walks with easy entry points into the water.
Final Thoughts
Malta remains one of the ideal European destinations for retirees looking for a high quality of life in a safe and welcoming environment. Find out why it was voted 3rd out of the top 10 top EU places in 2024 to retire to by Global Citizens Solutions: Read the full article here.
Frank Salt Real Estate has more than 55 years of history in assisting retirees to find the perfect home to purchase or rent and to live their dream life under the Mediterranean sun. We can help you with relocation, home interiors, taxes, property management and even with getting your retirement visa sorted out, so give us a call if you are interested in making Malta your forever home!
