Real Estate for Sale and To Let with Engel & Völkers
Engel & Völkers Sara Grech is the luxury real estate agent that specialises in exclusive properties for sale and to let in Malta. With more than 40 years’ experience, we are one of Malta’s most successful real estate agencies
Located in the heart of the Mediterranean Sea, Malta is a thriving cultural hub that has long been a popular destination amongst expatriates and tourists alike. Partnered with the real estate agency Engel & Völkers, finding a property for sale or rent in Malta is a breeze, and in no time at all, you'll have a spacious apartment with a view or a villa with numerous bedrooms to call your own.
Living and working in Malta
Home to more than 480,000 inhabitants, Malta is the smallest country to join the European Union in 2004. In 2008, it became part of the Eurozone. Though Malta is well-known as a popular tourist destination with plenty of recreational areas and historical monuments including nine UNESCO world heritage sites, it is not known for its luxury properties and real estate for sale and rent! Besides having first-class accommodation with a variety of 5 Star hotels, Malta is home to numerous companies and industries ranging from banking and financing to construction, retail, and i-gaming. Working in Malta requires the proper permits, and those seeking employment are encouraged to find a suitable job before moving into their purchased or rented property.
A new residency scheme was launched in June 2013 which allows people to buy a high-value property and pay taxes in Malta to benefit from the residence permit. Under the new Global Residence Programme, the value of immovable property bought in Malta by foreigners has a minimum threshold of €275,000. However, when the property is in the South of Malta or on the sister island of Gozo, the minimum value is reduced to €220,000. This new scheme also allows persons eligible if they wished to rent a property and this has been lowered to €9,600 in Malta and €8750 in Gozo or the South of Malta. The minimum tax to be paid under this scheme is a minimum of €15,000 on income derived in Malta, further income arising in Malta shall be taxed at a flat rate of 35%.
Real estate and property for sale and rent in Malta
Malta has several Special Designated Areas that offer a wide variety of properties to buy or rent! Whether you are looking for a new luxury apartment with views of the Portomaso marina in St. Julian’s or an expansive villa situated in Santa Maria Estate, our team will help you find a property for rent or sale that suits your needs. From apartments with a view to villas with swimming pools, and palazzo's or old houses with gardens, we have it all.
The real estate market Malta
Malta’s towns and surrounding villages represent a complex variety of price levels. The demand for home ownership is part of the Maltese culture. The islands buoyant market is supported by several factors, boosted by government measures of reductions and refunds of stamp duty. Sea front views are high in demand as are houses with gardens mostly by growing families. The middle age tends to look for needs-based forms of living with the central locations such as Attard, Lija and Balzan. Madliena, High Ridge and Portomaso are high in demand. Areas such as Bugibba, Qawra and St Pauls bay are mostly sought out by the younger generations. Birzebbugia, Qrendi & Safi are well known for the newcomers in the market and are characterised by high growth momentum. In general, real estate in Malta has been considered a sold and stable investment for many years.
Engel & Völkers Malta
The work of the real estate is becoming increasingly complex. Professional marketing activities, the appearance of the property in the market, a first-class online presence and well-founded pricing as well as the exact knowledge of the notarial procedures are, among others, key success factors. The work of our very experienced team is based on 40 years of tradition of the firm, coupled with permanent innovation, especially in regards to a number of online tools; it provides a professional basis for all real estate-related customer needs.
After you've purchased property
For such a small island, Malta & Gozo are packed with amazing things to see and do. From visiting historic sites, the theatre and to relaxing on beautiful beaches. Visitors can take their pick of activities which will suit any mood or taste.
A selection below are the top destinations that any person should see when coming to Malta. These include Valletta; Mdina; Paceville; Blue Lagoon (Comino Island) and Gozo.
Valletta recently voted the European Capital for Culture for 2018 is also a UNESCO World Heritage Site. Valletta is the hub of tourism in Malta and for good reason. It is full of historical significance, with the likes of St John’s Cathedral, forts, and museums and much more squeezed into a tiny area. As far as beautiful towns go with plenty to see, Valletta is up there with the best.
Mdina is known as the jewel in the crown of Malta and it is a fair assessment. The walled silent city is full of tiny alleys which you can wind your way through, stumbling across beautiful churches and museums along the way. Now effectively part of the town of Rabat, this definitely shouldn’t be left off your Maltese itinerary.
Malta has a reputation for being a destination for the older generation, but Paceville puts lie to that. This is where the youngsters come to drink, and party and you can rely on having a good evening out here. It’s not just loud music for teenagers either; there are plenty of civilized bars or restaurants if you don’t want to rave into the early hours. This area also enjoys plenty of fam ous restaurants such as Caviar & Bull, Zeri's, Zen to mention a few.
A beautiful area of clear blue water which is fantastic for swimming and is the perfect place for a day out at the beach. Arguably the best place for swimming in the whole Mediterranean, the Blue Lagoon is located on the island of Comino.
Just a 30-minute ferry trip away from Malta, Gozo is a beautiful, rural island which gives you a glimpse into what Malta looked like a few decades ago. Sleepy villages, rugged coastline, and beautiful countryside all make this a fantastic place to visit. But one of the main draws is the diving off the coast. Malta has been named as one of the best places to scuba dive in the world, and Gozo is one of the best spots to do it.
No matter where your interests lie, Malta has you covered; with Engel & Völkers Sara Grech by your side, your home in this beautiful part of the world is also covered. Contact us today to find out more about our villas, apartments and other properties for sale and rent!
