Real Estate

Malta is the hottest, most spectacular island market in Europe — here’s how to invest.

While Golden Visa are setting Or significantly shifting around Europe, there are still few opportunities for Americans. Buy international real estate.to live or rent at very favorable rates.

A country you might not have thought of—but still fits the bill—is Malta, an island nation. who sits In the middle of the Mediterranean Sea, south of Italy and just off the coast of Africa.

There are many reasons to consider this European country for investment. To name a few:

  • Beautiful warm, year-round weather.
  • A very low one living expenses.
  • A reasonable tax.
  • A stable government.
  • Access to the European Union (EU).
  • A bustling tourism industry.

How to buy property in Malta

Americans first need something called an Acquisition of Immovable Property (AIP) permit. This Costs about $250 and usually takes a little over a month. to gain.

If you want to buy an investment property. To rent it out, your property must. Priced at €233,000 ($255,000 in US dollars), This is necessary There is a swimming pool, and This is necessary Be registered with the Hotel and Catering Establishment Board. There are also some restrictions. In terms of How long can you rent it for? of the.

These are properties in pre-defined luxury areas of Malta, many in prime locations, complete with porters, reception areas, pools etc. No rent restriction. As a property owner in one special Designated Area (SDA), you also inherit many rights as a Maltese citizen, viz Key Benefit

Become an official resident of Malta with your investment.

Like other “Golden Passport” programs in Europe, there is a Path to Maltese citizenship And, therefore, EU citizenship through real estate. You can rent or buy, and so can your children and spouse. too Claim residency with the same investment.

investment

  • Renting a property Between €10,000-12,000/year ($10,800 to $13,000)
  • Buy a property between €300,000-350,000 ($325,000-$379,000)

Official Fees

  • €28,000 ($30,000) if you are buying; €58,000 ($62,000) if you are leasing

Charitable donation

  • A minimum of €2,000 ($2,100) to a local, approved NGO charity

Consideration Fee

  • Tax: During this time there is usually a 5% “stamp tax”. Course of Give and Take
  • Notary: 1% to 3% of purchase price
  • AIP: About $250
  • Registration and Title Search: About $1,000

Final thoughts

Although international investment deals are disappearing around mainland Europe, Malta is still open to international investment. Note that Malta may also close these opportunities after a few years. Don’t wait if this is something you want to pursue!

Note via BiggerPockets: These are the opinions expressed by the author and do not necessarily represent the opinions of BiggerPockets.


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