Why buy in Malta
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Why buy in Malta

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The Maltese take great pride in their homes. With spotless interiors, you would have great difficulty tracing even the smallest speck of dust anywhere. ChooseMalta along with Dhalia Real Estate are offering you the chance of a lifetime.

Malta property and homes in all shapes and forms are available for you to purchase from Dhalia. We provide you with the choice and you make the decision.

Malta has much to offer with property. There are old houses of character, which are generally over 100 years old some also having a garden and/or a pool. These houses are typical of the Maltese architecture, built in limestone with numerous traditional features that compliment the overall style of the building.

If you prefer a more modern approach then contemplate purchasing a villa that may also have a garden and/or swimming pool but is built in more recent times still maintains the style of Mediterranean living.

If your budget is based around something smaller, an excellent selection of Malta apartments and maisonettes are also available.

Depending on where you choose to purchase your property in Malta you can opt for fantastic sea views, or even a penthouse that has views panning the island. It is quite common in Malta to transform rooftops into roof gardens. This can replace the need for land but still present you with an area for socialising or relaxing sometimes even looking out onto a wonderful view of the sea or a valley.

Most people dream of owning a property overseas that is at their disposal. If you are unsure of purchasing a property in Malta but are interested in what the islands have to offer then why not rent first and get a feel for living in the type of house that you would be interested in buying. Alternatively, Dhalia will be more than willing to guide you in your decision making when purchasing.

As a matter of policy, the Government of Malta encourages non-Maltese to purchase property for use as a residence or holiday home. To this end, successive Governments have implemented schemes which make Malta an attractive destination. Financial advantages of owning propety and/or taking up residence in Malta include the following:

1. Property in Malta is exceptionally good value for money and residents enjoy a relatively low cost of living.

2. There are no annual property rates or taxes in Malta.

3. Malta has a double Taxation Agreement with most Western Countries and these generally ensure that a move to Malta results in tax advantages. Pensions are freely transferable to Malta.

4. Relations with the European Union are particularly close and in some cases, besides a Double Taxation Agreement, there exist Reciprocal Health Agreements resulting in treatment at nominal cost.

5. Financial conditions for residence permits are modest and this permit offers appreciable tax advantages.

6. There is a sizeable community of foreign residents, mainly British and Continentals, who are warmly welcomed by the Maltese people, most of whom speak English. Integration in the local social and cultural scene is easy.

7. Death duties have been abolished with effect from 24th November, 1992, however, on immovable property, a transmission tax of 7% is payable by the estate on the share of the deceased. In the case of a residence, the first Lm10,000 are exempt .

8. Mortgage facilities are available in Malta usually at an interest rate of approximately 7-7.5%.

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