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There are many restrictions for foreign nationals and even those that are EU citizens. The Malta real estate listings can be seen by the foreign national, but they are allowed only to buy a single property. Further more, there is special Malta real estate for sale that is meant for foreign occupancy only. In some designated areas such as Tigne Point, Portomaso, Cottonenra and others Air Max Pas Cher Chine , there is specifically Maltese real estate for sale where foreigners are allowed to buy more than a single property.
The Maltese real estate properties that are purchased by the foreigners can also be given for Maltese rentals if it is valued over 2,33,000 euros and has a swimming pool in addition to being registered with Hotel and catering Establishments Board. Further the Maltese real estate properties that are owned by the foreign nationals can give for Maltese rentals for a short term lease purpose only.
The real estate in Malta is now slowly beginning the recovery and the prices have changed marginally. They Malta real estate for sale will now see a huge jump when the international real estate for sale improves. Even the Maltese rentals yields are very low and are currently hovering around 2.6% – 3.4%. In Malta real estate for sale properties, the smaller apartments that are used are more expensive at 3,000 Euros rather than the larger apartments that have an average selling price of 2 Nike Air Max Pas Cher ,865 per square meter.
Another reason for the low rental yields is that the supply is more than the demand of the Malta real estate. The transaction costs for the real estate in Malta is around 6.8% to 25.8% of the value of the Maltese real estate for sale properties. Even the seller has to pay 5% commission to the agent along with 18% VAT. If the property is held by the seller for more than 5 years, then they would need to pay 12% capital gains Tax when they sell the property. In the property that is less than 5 years is sold, then progressive tax rates are applied.
Taylor White is an international real estate investor and leading the charge at International Real Estate Listings the worldwide leader in Malta real estate and Malta real estate listings. Malta real estate owners, agents, and developers are encouraged to create an account, upload an unlimited number of listings, write as much creative property details, include a You Tube property video, and it will be activated as a basic listing for 6 months, free.