Commercial Property for Sale in Malta
Commercial property for sale in Malta is highly sought after. As a gateway between the EU and the Middlle East, companies are investing within our Islands. Malta´s land area is 316 square kilometers (122 square miles) and almost 45% of its coastline. Malta and its sister islands are situated in the middle of the Mediterranean and have become an essential gateway in commerce, linking Europe and Africa. The hot sunny climate also attracts holiday makers all year round and the professional structure attracts business people and the avid investor searching for business and commercial property.
Land – A premium and more difficult to acquire
Land is at a premium and is becoming more difficult to acquire. Malta entered into the EU in 2004 and with it came cheaper airlines and relaxed renting rules for foreign owned properties. This has also added to the increase in the price of land which doesn't show any signs of declining.
Malta´s ever increasing popularity and accessibility makes it more and more difficult to acquire land for sale thus further contributing to the increase in land value.
Whilst it may be true that in Malta we experience periods where property prices don't increase it´s important to point out that they don´t actually reduce in value but rather level out. Property and land values rarely go down. Due to the scarcity of land and continuous demand in property, it´s not anticpated that land values will decline therefore Land and Property purchases are a worthwhile investment.
Rooms – Residentially and commercially located
Occasionally you may find a room for sale in a village or in a field. If the room in the village has its own airspace it´s important to get a local architect to see what restrictions there are on developing the room. There could be possibilities to knock the room down and build new premises. Alternatively you may be able to adjust or make alterations to the existing room and possibly use it for commercial purposes. If there´s a room in a field it's important to find out if it comes with any surrounding land, and if not would it be possible to acquire some. Nowadays it's not so common to be able to find a room in popular residential and commercial areas, they are most likely to be found in rural areas.
Garages – Sought after and purposeful
Many modern properties have the possibility to purchase an underlying garage for sale at an additional cost. It´s always recommended to try and purchase a garage with your property as this will increase the overall property value. If this isn´t possible try to buy one close by, not only will it be comfortable to use it will also increase in value. Garages are very sought after and are used for many different purposes. Besides the more typical residential garage there are also many that have and can be used as commercial premises. It´s however very important to check with local authorities if this is possible.
If you require and help or guidance finding a commercial property for sale in Malta, please feel free to contact us.
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- A: CNW Property Malta Ltd
6, Conception Street
Zurrieq
ZRQ 3404
Malta - T/F: 00356 27019394
- M: 00356 99809394
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