Day: October 29, 2023

How to Buy Real Estate in Malta

When you buy real estate in Malta, you’ll find a stable economy that is well-positioned to provide high returns on your investment for decades. However, buying property in Malta does come with some stipulations, and the right real estate professional to assist you can make all the difference in your experience.Read more :

Foreign nationals can usually only purchase one property for their own occupancy, unless it is purchased in a Lifestyle Development or Specially Designated Area (SDA). These areas offer a high return on investment when rented out, thanks to the developments’ ambience of luxury, prime locations, and full range of resident amenities.

Malta’s Hidden Gems: Where to Buy Real Estate for Value

If you are moving to Malta with your family, it’s worth thinking about the country’s international schools. There are several in Malta, and many of them offer English as a main language. Choosing a home near an international school will also help your children adapt to their new surroundings.

If you are planning to buy a property in Malta, you’ll need to hire a notary and a lawyer who specializes in property law. Once you’ve completed this process, you can start searching for properties online and arranging visits to view them in person. Before you finalize your purchase, you must make a deposit with the seller, and then sign a promise of sale. This is an agreement that guarantees that you will complete the purchase within a set timeframe. You should also consider paying stamp duty, registration fees, property searches, and legal costs, as well as a share of the agent’s commission.