Want to buy property in Malta? Here’s all you need to know


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Malta has remained a firm favourite for foreign investors seeking a second home or investment property in the sun.
Image Credit: Shutterstock

Centrally located in the heart of the Mediterranean, Malta offers year-round sun, a long history and a unique culture that combines southern-European elements liberally sprinkled with Arab and Turkish influences. Spread over small islands, the nation of Malta is a member of the European Union and also uses the euro as its unit of currency.

It has ferry links to neighbouring Sicily (Italy), and the island has a good network of international flights connecting to most centres around the Mediterranean. It’s little surprise that the island nation has remained a firm favourite for foreign investors seeking a second home or investment property in the sun.

Malta
Malta
Image Credit: Pixabay

Can a non-national buy property in Malta?

Yes. Malta is a member of the European Union and as such, a passport holder from any other EU nation is entitled to buy property there – but there are limitations.

Foreign nationals and EU citizens can usually only buy one property in Malta, and usually only for owner-occupancy, though they can buy more properties in “Special Designated Areas”. Special Designated Areas are areas listed by the government where non-nationals can buy more than one property. As such, they are areas with new developments, most usually condominium-type properties and are located in places such as Tigne Point, Portomaso, Cottoenra, Manoel Island, and Chambray. The property purchased must be used solely as a residence for the owner or for your immediate family, though guests may be accommodated in the property when the owner or a member of your family is in residence.

What are Special Designated Areas?

Special Designated Areas are areas listed by the government where non-nationals can buy more than one property. As such, they are areas with new developments, most usually condominium-type properties.

A second property may only be purchased after residing in the country for a minimum continuous period of five years.

Other foreign nationals, who are not citizens of the EU, are required to obtain an Acquisition of Immovable Property (AIP) Permit from the Ministry of Finance – a process that usually takes three months. You can view details on that process here: www.mfin.gov.mt. An…



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