Why do foreign investors choose to invest in Malta ?
Malta’s strategic position in the Mediterranean has enabled it to become a hive of multi-cultural activity. Not only has the language and food been influenced by its Italian and Arabic neighbours, but the British also left their mark more recently in 1974 when Malta gained its independence. As the Maltese people are very familiar with foreign nationals this allows a healthy and easy going co-existence between the local and foreign people.
In business the Maltese are used to working together with other foreign nationals. Malta has a very sound financial and legal framework. The business foundations and frameworks have proved invaluable. During the most recent economic global crisis the Maltese bank system did not enter a crisis situation. This is testament in itself that foreign investors are not just investing anywhere but that they are investing in a top end product, luxury property, in a Mediterranean country, enjoying the Mediterranean culture & lifestyle, in a safe economic environment where foreign nationals are welcome and greeted with warm Maltese hospitality.
Luxury property in Malta really does lend itself to the ultimate experience in luxury living. The properties occupy the most prime spots on the island commanding beautiful seaviews or historical architecture. The standard of the properties are more often than not deluxe and the owners are offered the full service of a five star hotel including a place to moor their boat.
Previously foreign nationals and EU citizens could only purchase one property which would be for owner-occupancy. This has recently changed whereby foreign nationals can now buy additional properties and rent them out on a short -term lease agreement , providing the property is valued over €233,000.00 ; has a swimming pool and is registered with the Hotel & Catering Establishments Board.
Some of the prime locations and properties that fall under these ’specially designated areas’ and provide luxury properties are Tigne Point, Portomaso, Cottonera, Manoel Island and Chambray (located on Maltas’ sister Island, Gozo).
Being an owner of a luxury property in Malta gives you great peace of mind and reassurance that your property will be appreciating, offering you a gain on your capital income and is located within a highly reputable economic environment. Additionally you will also enjoy a truly high standard of living and experience the beautiful synergism between modern life and historical culture.
