Malta has long been a hotspot for tourists, expats and investors. Countless British tourists in the late 60’s evolved into expats, who began renting and buying property all over the islands, from Marsascala to Mellieha and even as far as Gozo. British structures and discipline instilled during British rule, as well as the climate, cultural heritage and laid-back Mediterranean culture first attracted these expats and investors.
Expats and investors from all over Europe began seeing Malta as a suitable and attractive base and home. Attractive tax and corporate structures, as well as skilled and affordable human resources led to the island becoming a world-renowned centre for financial services, technology, aviation and online gaming and more.
Malta’s prime geographic location, as well as the access to the European Union, as one of its 27 member states, has helped foster an environment for ubiquitous investment opportunities, making the Maltese islands an attractive business hub and tourist destination.
The Maltese property market too, has benefited from the chain of events that occurred following the post war era, with distinctive architectural styles, which have kept it alive and interesting. Malta’s limited size has always played a role in keeping the property market in appreciating mode, which in turn, attracted investment in the real estate sector from local and foreign investors alike.
In general, the Maltese have always preferred to own their own property, rather than rent. Furthermore, families and business have often invested any savings into property, believing that investing in brick and mortar is a safe bet.
Lastly, the rental market has seen exceptional growth across all sectors, primarily due to various international operations setting up in Malta. This has had a positive impact on rental prices and returns, hence making both residential and commercial property in Malta, all the more interesting.