Engel & Völkers Licence Partner Malta Regional Market Center > Blog > Engel & Völkers, a Team of Professionals

Engel & Völkers, a Team of Professionals

Real Estate agents are often known to be ‘greedy’ with one another, even though working within the same team. At many agencies this is encouraged, assuming competition between them breeds ambition. We couldn’t disagree more.

At Engel & Völkers we do things differently. We put our agents first by fostering a culture of honesty, support and knowledge sharing. Our approach and internal culture encourage agents to work together and help one another. This results in a team that is motivated and focused, with the ability to count on one another for advice and support.

You would probably ask, how is this done? How can a group work together and help each other when this is an individualistic career? The answer to that, for us, is certainly yes, and yes, they can.

Our agents work together and alone. They have the opportunity to be amongst individuals whose approach to the market is different.

Agents at Engel & Völkers are each allocated their exclusive geographical area. We refer to this structure as the “farming model”. Agents work by focusing in their area, benefiting from high commission rates. They work together by referring any properties to the responsible agent, splitting commissions, working hand in hand to grow their business. Perfect, right? With their attention on a specific area, agents are perfectly positioned to represent sellers and bring in the right buyers. Listings are added to the database for that area as soon as possible, ensuring efficient results.

By keeping competition external rather than internal, our agents can invest their time and energy into becoming experts with the help of their team leader. A good understanding of location-specific demand and market value means that the agent can determine an accurate, realistic asking price for property. Not having to worry about competition from colleagues means that agents can appreciate the finer details of their area, down to the price per square meter of property on a street-by-street basis and give sellers the time and attention they need.

Win-Win situation

Although Engel & Völkers agents have a large degree of autonomy, they still form part of a team and that network of colleagues and management is crucial to everyone’s long-term success. By making transparency a priority, we ensure that all our agents are as well trained and prepared, by providing them with ongoing training and constant support. After all, a happy team is a productive one.

It’s not just the agents that benefit from this business model. All our clients reap the rewards. This system means that buyers are not wasting time viewing properties that are out of budget or unsuitable for their needs because an agent is not familiar with what is available. Buyers are confident that the agent is an expert in their neighbourhood, which contributes towards building trust and respect – a crucial part of the professional relationship between the two.

Agents are also in a better position to guide sellers when it comes to pricing their property, which means the property spends less time on the market before being sold or rented. With our agents empowered to invest in themselves, clients are assured a professional, efficient service that they are likely to recommend in future.

At Engel & Völkers, we are committed to delivering a superior, exclusive service to clients and we have done so for the past 35 years. Being an industry leader means doing right by customers and employees alike and by shifting to a new, team-based model, agents are given all the tools they need to succeed.

We deliver, you succeed!

Join our team of young professionals today by sending an email to malta.hr@engelvoelkers.com

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Engel & Völkers
Licence Partner Malta Regional Market Center
  • Triq in-Negozju
    BKR 3000 Mriehel
  • Fax: +356 2347 0199

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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 30 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 450,000 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, 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 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 several, we have it all.

After you've purchased property

For such a small island, Malta is packed with amazing things to see and do. From visiting historic sites 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 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 and restaurants if you don’t want to rave into the early hours.

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!

For more information on Malta and our Real Estate Services please click on the following: 

Malta the Perfect Location l Exclusive Properties l Buying a Property in Malta and Gozo l Expenses when Buying a Property l Energy Performance Certificate l First Time Buyers l The Malta Individual Investors Programme l Buy to Let l Special Designated Areas