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Homes for sale
In this article, we’ll delve into the captivating world of homes for sale in Malta and Gozo, exploring the real estate market, key features and reasons why the market here is drawing the attention of local and international prospective homeowners. We will also look at some popular property types that buyers are drawn to on both Malta and Gozo.
Malta and Gozo Offer a Diverse Real Estate Landscape
Both Malta and Gozo boast diverse real estate landscapes, offering a range of properties that cater to various tastes and preferences. You can choose from historic townhouses and rustic farmhouses to modern apartments and luxurious villas. The options are as varied as the islands’ rich histories and with the local real estate market being very dynamic, both urban and rural areas providing unique opportunities for potential buyers.
Starting Out: First-time Buyers Get a Chance at Becoming Homeowners
In order to encourage first-time buyers to get onto the property ladder, both the government as well as private companies have gone to great lengths in offering this specific group deals and incentives to assist them in buying properties they can afford. Making your first move in the world of buying a home is not only nerve wracking; it can be daunting and downright intimidating. Pairing up with an experienced estate agent can make things far easier if you are buying your first property and it is definitely the way to go. If you want to find out about all the incentives that are available for first-time buyers, be sure to read our comprehensive guide.
LIFESTYLE OPTIONS
Historic Charm
One of Malta’s standout features is its historic charm, reflected in its architecture and UNESCO World Heritage sites. The capital city, Valletta, is renowned for its Baroque architecture, while towns like Mdina showcase medieval influences. Properties for sale often include beautifully restored homes that seamlessly blend modern amenities with historic charm, allowing residents to immerse themselves in the island’s captivating past. Buying a property in places like Valletta or the Three Cities are more than just living in historic settings: all are abuzz with things to do, all have excellent cafes, restaurants and boast full cultural calendars year-round. Many of the homes here have benefitted from the upgrades of local infrastructure and the revival of the waterfronts on both sides of the Grand Harbour. Properties here span all price categories and sizes, plus they make excellent rental investments due to the greater area’s touristic appeal.
Picturesque Coastal Living
With their idyllic coastlines, both Gozo and Malta offer unparalleled opportunities for those seeking homes with stunning sea views. Coastal properties with views are highly sought-after, especially those located in Sliema, St. Julian’s, Madliena, St Paul’s Bay, the Three Cities, Marsascala, Marsaxlokk, Mgarr, Xlendi, Kalkara and Marsalforn. For example, some of the apartments at Portomaso in St Julian’s will have you stepping out of your apartment and right onto your yacht! When it comes to coastal living the choices in Malta and Gozo are endless.
The Perks that Come with Special Designated Areas
Malta has embraced modernity with state-of-the-art infrastructure and amenities. The island features contemporary developments, including stylish apartments, penthouses and modern villas equipped with the latest technology and luxurious conveniences. This blend of history and modernity makes Malta and Gozo an attractive destination for those looking for a high-quality lifestyle. This is especially true for Special Designated Areas which feature very high-end properties in the best of locations such as Portomaso, Tigne Point, The Shoreline Residences in Kalkara, Tas-Sellum Residence in Mellieha, Ta Monita in Marsascala, Pendergardens and Mercury Towers in St Julian’s and Fort Chambray and the Kempinsky Residences in Gozo. If you are interested in purchasing a high-end luxury property without the need for an AIP permit, see our full list of choice locations here.
INVESTMENT
The Opportunities
The real estate market in Malta has not only attracted those looking for a primary residence but also investors seeking profitable opportunities such as the buying of a property for rental purposes. The islands’ thriving tourism industry, growing economy and stable real estate market make it an appealing real estate investment destination. Rental properties’ capital appreciation combined with the income generated is above many EU averages.
Malta’s Legal and Regulatory Environment
Malta has a well-regulated and transparent real estate market, making the process of buying property straightforward for both residents and foreigners. The government actively encourages foreign investment in real estate and various programs, such as the Malta Individual Investor Program (MIIP). This makes it relatively easy for non-residents to acquire property on the island and this is especially true when purchasing in a Special Designated Area. If you are curious about all the residency programmes, have a look at https://franksalt.com.mt/malta-residence-programmes/
POPULAR PROPERTY TYPES
Penthouses in Malta or Gozo
Renowned for their opulence, panoramic vistas, and spacious interiors complemented by the finest finishes and fittings, penthouses in Malta and Gozo are highly appealing to individuals seeking absolute privacy and a touch of exclusivity. Featuring outdoor spaces such as terraces, large balconies, or even entire roofs, these penthouses offer a unique and special living experience. With abundant natural light, private access, and more outdoor space compared to conventional apartments, a penthouse may be the ideal rental or investment property for those seeking to cater to discerning clients. Some penthouses even boast private pools, plunge pools, or Jacuzzis. While the cost may be slightly higher than ordinary apartments, penthouses are in high demand, commanding substantial rental income.
Apartments in Malta or Gozo
The abundance of apartments in Malta and Gozo makes it the country’s most prevalent property type. For those considering the best areas to invest in an apartment for rental purposes, Sliema and St Julian’s top the list in Malta, while in Gozo, Victoria, Xlendi, Marsalforn, Mgarr, or Xaghra are the most sought-after locations, particularly during the summer months. Modern apartment blocks of four or more floors typically feature lifts, adding value for both buyers and renters. Ground-floor apartments may include private courtyards, while those on higher floors often come with spacious balconies and terraces. High-end apartment complexes may offer amenities like communal gardens, swimming pools, and underground parking, enhancing the overall appeal. Apartments also score high in terms of security, with controlled access and close proximity to neighbours providing a sense of safety.
Farmhouses in Malta or Gozo
While towns may encroach on the once remote farmhouses in Malta and Gozo, many still reside in rural areas, offering privacy to those who value it. Despite their age, most farmhouses have undergone updates, featuring modern amenities and often including pool decks, gardens, or inner courtyards. Ideal for families and those who enjoy entertaining, these farmhouses make excellent use of open spaces for al fresco dining during the summer. Farmhouses often retain quirky reminders of their working past, such as mangers, water troughs, wells and pigeon coops, adding loads of character. Their ample space and amenities make them suitable for conversion into B&Bs or boutique hotels. While maintenance is necessary, these sought-after properties are lovingly cared for by their owners.
Houses of Character in Malta and Gozo
Increasingly rare, houses of character in Malta and Gozo are highly sought-after, particularly when upgraded and converted with modern conveniences. Typically large with high ceilings and open spaces like courtyards and gardens, they are perfect for families seeking a blend of historical craftsmanship and contemporary living. Houses of character are in high demand and serve as excellent rental investments.
Maisonettes in Malta and Gozo
Similar to apartments but with separate ground-floor entrances ensuring privacy, maisonettes are well-suited for smaller families. Some feature outdoor spaces like courtyards or gardens and upper-floor maisonettes may include roof space or a terrace. Combining the advantages of both apartments and houses, maisonettes are popular due to their larger size and convenient locations.
Terraced Houses in Malta and Gozo
Dating from the post-Second World War era, terraced houses are typically found on the outskirts of towns and villages. Ideal for families, these houses often come with private garages or underground parking, as well as yards, back gardens, or swimming pools. Their traditional limestone construction, generous interiors and close proximity to neighbours make them a suitable choice for those who prefer traditional accommodation.
Villas in Malta or Gozo
A true Mediterranean dream, villas in Malta or Gozo are often situated on expansive plots of land. Spacious and luxurious, these villas provide ample privacy and may include features like swimming pools, fountains, or tennis courts. Offering stunning views of the sea or countryside, villas are perfect for large families and those who enjoy hosting events. They make ideal rentals for affluent individuals seeking premium accommodations, especially during the summer. The capital appreciation of villas tends to be above average, making them a sound investment, even during economic uncertainty.
In Malta, the diversity of property types caters to a wide range of preferences, allowing individuals to find their ideal home based on architectural style, location and lifestyle preferences. Whether one seeks the historical charm of a townhouse, the tranquillity of a farmhouse, the convenience of a modern apartment, the luxury of a villa, the coastal ambiance of a beachside residence, or the contemporary allure of a planned development, Malta’s real estate market has something to offer for everyone.
