Property in Malta is a liquid asset. The average annual increase in the value of properties before the crisis was 5‑10%, in resort areas up to 15‑20%. The average rental profitability is between 5 and 10% per annum.
Malta’s economy will start recovering from the effects of the pandemic in 2021. This is the forecast from the European Commission and international credit agencies. And when the country opens the border to tourists, prices for buying and renting a property will rise quickly.
Real estate experts Immigrant Invest recommend not to postpone buying a property in Malta until the second half of 2021. It is more profitable for investors to purchase objects now, while prices remain low and there is a discount on the payment of stamp duty.
Foreign property buyers in Malta can also become residents and citizens of the country.
A permanent residence permit in Malta is granted if several conditions are fulfilled. In the year 2021, the applicant:
buys or rents accommodation on the island;
pays an administrative fee and a government fee;
makes a donation to a Maltese non-governmental organisation;
confirms the existence of assets from €500,000.
The minimum investment amount to participate in the programme is €112,000. We talked about the updated conditions in the article How to get a residence permit in Malta in 2021.
Maltese citizenship can only be obtained by naturalisation by direct investment. The candidate first obtains a residence permit and after a year or three years is eligible to apply for citizenship. If the application is approved, the candidate invests from €690,000 in the country’s economy and becomes a Maltese citizen.
Direct investment also involves buying or renting property on the island. The minimum deal is €700,000 when buying a property and €16,000 per annum when renting.
Maltese residents travel visa-free to Schengen countries and have the right to live, work and study in the country without restrictions. And a Maltese passport gives access to all the rights of a citizen of an EU member state.
Immigrant Invest is a licensed agent of the Malta Residence and Citizenship by Direct Investment. If you wish to become a resident or citizen of a European Union member state, seek advice from the investment programme experts.