Global Property Guide

Financial Information for the Residential Property Buyer

Flat

Full Description

Situated on the 21st floor of a brand new residential tower located directly by the sea. This entire floor can be split up into at least 5 apartments all with terraces. Property is offered on plan and is to be complete by 2018. Being sold fully finished to purchasers specifications.

Suitable for rental purposes or for resale.

Indevedual units may be sold before full payment is made.


Nothing to compare to it on the market

Located in the ever popular area of St Julian's justa few meters off the sea. Surrounded by high class hotels, beaches, a private beach lido, cinemas, shops, restaurantes and lots more.

 

Why Malta

If you can name a couple countries in Europe where their real estate market has been hardly affected by the Global Financial Crisis, Malta is definitely one of them - and perhaps the only one. Sound banking ethics and age old tradition of the Maltese general public (98%) believing in investing in brick and mortar has been a major contributing factor and reasons why the Malta real estate market avoided the ill-fated real estate crash that hit Europe by storm a few years ago. While other country’s real estate markets are still recovering, the Maltese real estate market corrected its pricing during that period by 5% to 10% (depending on the geographical area) and today it is one of the only European countries experiencing a consistent capital growth

WHY BUY REAL ESTATE IN MALTA

Hereunder you will find some reasons why purchasing a property in Malta maybe one of the safest transactions you’ll ever make:

Traditionally a Solid Investment

If you can name a couple countries in Europe where their real estate market has been hardly affected by the Global Financial Crisis, Malta is definitely one of them - and perhaps the only one. Sound banking ethics and age old tradition of the Maltese general public (98%) believing in investing in brick and mortar has been a major contributing factor and reasons why the Malta real estate market avoided the ill-fated real estate crash that hit Europe by storm a few years ago. While other country’s real estate markets are still recovering, the Maltese real estate market corrected its pricing during that period by 5% to 10% (depending on the geographical area) and today it is one of the only European countries experiencing a consistent capital growth.

Availability of Properties

The good news is that whether you are looking to purchase or rent real estate in Malta or Gozo, the market has a vast selection of properties available that will suit anybody’s needs as well as their budget. The average price of a highly finished two or three bedroom apartment in Malta is approximately €220, 000. Depending on the location and type of property this will differ. One may search our Malta real estate website to view the vast selection and compare prices accordingly.

Become a Resident

The introduction of the Global Residence Programme has fiscally beneficial advantages that may be considered if one is thinking of relocating to Malta. Available for Non-European Nationals at the present moment, however a similar scheme will be introduced by the Maltese Government by the end of the year. As part of the criteria to become a Maltese resident, the applicant must either invest in real estate in Malta or Gozo while they can also rent a property on the Maltese Islands. The thresholds and criteria may be found if you visit our Malta Residence page on this website.

Why Become a Resident?

One of the major advantages is the fact that the applicant may while enjoying the opportunity to live on the Islands he/she may apply for a special tax status of 15%, which is calculated on the income received into Malta, where there is a minimum threshold of €15, 000 remittance. We would always recommend that you speak to an Authorised Registered Mandatory regarding the legalities and criteria so that you may become knowledgeably informed about the schemes available for you.

Weather and Food

I don’t think that I have to mention the weather here but I must assume that our typically Mediterranean, hot and dry summers, warm and sporadically wet autumns, and short, cool winters are very attractive to those that live in generally wet climates. Malta is adored by many because of the fact that Malta has beautiful beaches that are all a stone’s throw away from their home. Likewise, the culinary culture and entertainment areas are close enough to stay away from but also easily accessible.

Hospitality

It is good to know that Malta has a very high standard of hotels, which may eventually accommodate your friends that will want to come and visit you and it’s an important to mention that the Maltese people are very hospitable and that the Maltese people the English language amongst other languages fluently.

Key Information

Property ID: 24405951
Location: Malta, Saint Julian's
Categories:
  • Apartment
  • Flat
Bedrooms: 10
Bathrooms: 10
Price:
  • £6,699,750
  • €7,500,000
  • $8,552,250
Short Description:

Situated on the 21st floor of a brand new residential tower located directly by the sea. This entire floor can be split up into at least 5 apartments all with terraces. Property is offered on plan and is to be complete by 2018. Nothing to compare to it.