Malta Luxury Property Guide
The luxury property market in Malta is impressively robust and remains among the top-performing housing markets in the world. Consistent capital growth, complemented by living standards and a warm year-round Mediterranean climate, fuel its popularity.
The Maltese property market has been relatively steady thanks to active interest from foreign buyers. Only three islands are inhabited, and all offer a breathtaking selection of Maltase property for sale, from luxury apartments to beachside villas. This guide will introduce you to the most desirable Maltese luxury real estate market locations.
Top Places To Buy Luxury Property in Malta
The best region to buy depends on your lifestyle preferences and how peaceful you want your location to be. Malta is a major tourist destination, so some areas in the high season can get crowded.
For those looking to be close to nature, you should look at Gzira, St. Julian’s, or Sliema. The areas are home to lots of great restaurants, awesome sea views and malls.
Sliema
This beautiful seaside town developed as a town during British rule (in the second half of the 19th century). Part of Sliema overlooks the scenic harbour. It is ideal for shopping trips or for wining and dining. In Sliema you will find spectacular seafront apartments with magnificent views and large terraces can range from 500,000 – 3m+ euros.
Saint Julian’s
San Ġiljan, or St. Julian’s, is home to modern new developments and penthouses to residential houses with stunning views of the pristine bays. St Julian’s is just as alive and dynamic in the winter as in summer. A blend of 5-star hotels, vibrant nightlife, and traditional Maltese character. From an investment perspective, a central studio apartment can yield a 5% return on Investment.
A three-bedroom penthouse can cost around 2.5m euros. Penthouses command a premium price because of their location and magnificent sea views.
Gzira
Gzira gets its name from a little island on its shores within Marsamxett Harbour. The seafront of Gzira offers excellent views towards Valletta, a picturesque yacht marina, and a seafront public garden.
A one-bedroom furnished apartment with fantastic sea views starts at around 500,000 euros. Similarly, you will find a three-bedroom furnished apartment for 1.3m euros.
Valletta
The capital of Malta and the smallest capital in the European Union, Valletta is a beautiful city with a strong architectural style. There is so much historic architecture that UNESCO designated the whole city a World Heritage Site. It is flanked by Grand Harbour and Marsamxett Harbour, which have been in use since Roman times. Valletta hosts annual cultural events, from theatre productions to Operas.
Many hidden gems can easily be turned into unique residences. Whether it’s a loft, a townhouse on the bastions with fantastic views, or a Palazzo, Valletta has become one of Malta’s most exciting property market propositions.
Gozo
Gozo offers peace, tranquillity, and a real community feel for expats and locals alike. Gozo has remained unchanged for many years. Gozo’s slow pace of life and breathtaking natural beauty makes it the perfect location to spend time or possibly retire.
Buying in Gozo can be a great return on Investment. Return on Investment can be between 5% to 8% and these returns do not include the capital appreciation of your Gozo Property.
Zebbug
Zebbug, also known as Citta Rohan, is one of Malta’s oldest villages, with around 13,000 inhabitants. Most of the properties found in Zebbug have real character. Some of these go back to the times of the Knights of St John. The houses are built from Maltese materials, with some distinctive features. Today, houses of character are in high demand but costly due to the low supply.
Expert help finding your luxury property in Malta
Finally, don’t forget to ask your agent about SDAs (Special Designated Areas). Villas in these areas are much more expensive because owners of properties in SDAs enjoy special privileges and do not need to adhere to the usual rules that bind foreign property buyers in other areas of the country.
For the best choice of luxury properties, it is recommended that you talk to someone specialising in Luxury property in Malta. We can introduce you to Maltese luxury property specialists, tell us about your requirements.
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