Top 5 reasons Americans are buying property in Malta in 2022
If you are looking to buy a property of any kind in a European country that is rich in culture and heritage, Malta should be on top of your list as it is for many Americans according to Frank salt Real Estate, Malta’s oldest and biggest property group.
Author:Darren McphersonReviewer:Habiba AshtonMay 10, 2022137.4K Shares2.1M Views
If you are looking to buy a property of any kind in a European country that is rich in culture and heritage, Malta should be on top of your list as it is for many Americans according to Frank salt Real Estate, Malta’s oldest and biggest property group. Owning property in Maltabrings with it an idyllic life in the sun, value for money and countless other benefits. Malta is extremely popular with expats as a property investment destination, acquiring a home for retirement purposes or simply to have that Mediterranean holiday home surrounded by azure seas, old world culture and traditions.
We Look At The Top 5 Reasons Why Americans Find Malta Irresistible:
Unscathed By The 2008 Global Financial Crisis Or Covid-19
Malta, unlike many of its EU counterparts, experienced a buoyant property market during the 2008 financial crisis and also right through the Covid-19 pandemic. Malta real estate is legendary for defying the odds and delivering promising returns for homeowners when selling.
Anyone Can Buy A Property In Malta
Maltese property can be bought by anyone, anywhere and you do not need to be a resident. You will however need an AIP (Acquisition of Immovable Property) permit that takes about a month to issue for a modest fee. You are only allowed to buy one property if you buy outside what is called a Special Designated Area, but the latter has no restrictions on how many you are allowed to purchase.
The Lifestyle
Malta has it all: vibrant nightlife, bars, cafes and restaurants, upmarket and chic shopping malls, warm weather year-round and crystal-clear waters, a temperate Mediterranean climate, history and culture…you name it. Depending on your choice of lifestyle, your options of accommodation range from houses of character and maisonettes found in many of the medieval villages to smart, high-tech designer apartments in high-rise tower blocks overlooking entire Malta.
Tailor-made Residency Options And Advantageous Taxes
Malta offers a plethora of residency options, whether you plan to retire to, work in or become a citizen of Malta. Numerous tax advantages are available to residents from other countries when settling in Malta due to double-tax treaties. Average taxes levied on foreigners are around 15% on income up to €5million. Income sourced from outside Malta’s borders (this includes capital gains) is completely tax-free.
Hassle-free Travel Access To The Rest Of Europe
If you become a resident or citizen of Malta, you gain automatic visa-free travel access to the entire EU block and Schengen zone. Malta’s international airport offers daily flights to all major European cities serviced by several international carriers. Most major centres like Paris, London, Munich and Barcelona are just over two and a half hour’s flight away while Rome is just an hour and a half by plane.
The Last Word
If you are eager to buy property in Malta and it is your first time coming to the country, our best advice is to come on an excursion and get a taste of what is on offer. Make contact with a reputable estate agency and the agent will take you on the “grand tour”, showing you the towns and villages, the beautiful yacht basins and marinas and the types of properties that will suit your budget and will definitely pique your interest! Many Americans, Canadians, British, Germans and even South Africans have made the move to Malta over the years and now enjoy the wonderful, full lives they have all dreamed of, something this tiny island nation offers in spades.
Darren Mcpherson
Author
Darren Mcpherson brings over 9 years of experience in politics, business, investing, and banking to his writing. He holds degrees in Economics from Harvard University and Political Science from Stanford University, with certifications in Financial Management.
Renowned for his insightful analyses and strategic awareness, Darren has contributed to reputable publications and served in advisory roles for influential entities.
Outside the boardroom, Darren enjoys playing chess, collecting rare books, attending technology conferences, and mentoring young professionals.
His dedication to excellence and understanding of global finance and governance make him a trusted and authoritative voice in his field.
Habiba Ashton
Reviewer
Habiba Ashton, an esteemed professional in Digital Marketing and Business, brings over 10 years of experience to the table. She holds a Master's degree in Marketing Management from Stanford University and is a certified Digital Marketing strategist.
Habiba has authored numerous articles on SEO, Social Media Marketing, and Branding, published across reputable platforms.
Her impactful projects have consistently driven growth and visibility for businesses, earning her accolades from clients and industry peers alike. One notable achievement includes leading a digital marketing campaign that resulted in a 30% increase in online sales for a major retail client.
Looking ahead, Habiba is committed to pioneering ethical digital marketing practices that prioritize customer trust and engagement. Her vision is to lead initiatives that foster a transparent and sustainable digital ecosystem for businesses and consumers alike.
In her free time, she enjoys cycling, stargazing, and staying updated on digital entertainment trends.
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