Real estate Malta offers attractive opportunities for investors. The country’s property market has grown faster than other EU countries, even prior to the global pandemic. In the past five years, prices have increased by 25%. Real estate investments are highly liquid assets and generate passive income through leasing. This makes them an excellent alternative to deposit accounts.

How much is sales tax in Malta?

The country is home to many modern developments that offer a combination of comfort and sophistication. These include the Tigne Point project in St Julian’s and the Pendergardens complex near Valletta’s bastions. The country also has traditional villas and historic homes, as well as quaint countryside cottages. URL : https://www.propertymarket.com.mt/

Investors from neighboring countries are drawn to Malta because of its economic stability, low taxes and lack of restrictions on property purchases. Buyers from the United Kingdom, France and Italy are especially active in the local market. They typically purchase apartments in new buildings, but also seek out older properties and terraced houses.

When buying a property in Malta, you should consult a lawyer before making an offer. Then you must negotiate with the seller until a contract is signed. Once the contract is signed, you must pay the stamp duty and a legal fee of between half of a percent and three-quarters of a percent of the sale price. In addition, you must pay for notary services and search fees. You must also pay an 18 percent value-added tax on any legal or notary services.