Mediterranean lifestyle, a mild climate all year round, international flair, very convenient accessibility from many European airports and a stable political and economic situation make the island state of Malta an attractive location for investments. The real estate market has been undergoing sustained capital growth over many years making it a particularly sought-after location for the investment into “concrete gold”.
Residency program is making property on Malta an even more attractive asset
The latest government residency option is fuelling this trend additionally by offering great advantages and favourable thresholds for third-country real estate owners. In June 2013, the Maltese Government launched its Global Residence Programme (GRP) which enables non-EU foreign nationals who buy or rent a property in Malta and direct their income to Malta to benefit from a residence permit. The residency provides tax incentives for non-EU, non-EEA and non-Swiss Nationals seeking an alternative residence base in the Maltese Islands. Property purchased in Malta must have a minimum value of €275,000 (€220,000 in the South of Malta and the island of Gozo).
Would you like to learn more about the benefits of the Maltese Global Residence Programme or need any clarifications? The highly qualified team of Engel & Völkers Malta is happy to assist you to find your dream property on the fabulous Mediterranean island and to provide detailed information about all the offered advantages.