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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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