Malta, the beautiful Mediterranean
island that basks in up to 300 days of sunshine a year is proving more and more
popular with those in search of a low tax country with an attractive property
market.
The fact that the island is such a popular
choice with those seeking to live offshore, those looking to reduce their
business and personal taxation burden and even those wishing to retire to the
sun means that the real estate market in Malta is a hive of activity and
property prices are moving up a gear.
All of these factors make the market ripe for
real estate investors and mean that more and more people are profiting from
property in Malta.
As stated the country is also an attractive low
tax haven - all those who achieve residency on the island are only subject to
15% income tax on anything they remit to the island and anyone who purchases
property in Malta can get residency and thereby potentially reduce their
taxation burden.
The capital an individual uses to purchase
their Malta home is not taxed and inheritance tax does not exist in Malta which
means more people annually want to move to the island which means that more
people annually demand real estate to buy or rent in Malta which gives a
potential property investor a large potential customer base to work with.
Malta is also a popular choice for those
looking for a low tax haven in which to establish their business which means
that there is also a strong demand for commercial property in Malta - opening up
the range of market opportunities available to a potential real estate investor.
In terms of the range of properties available
to purchase in Malta they range from stunning villa properties complete with
private pools that are ideal for letting out to the busy tourism market for at
least 9 months of the year. There are also a range of town properties from
apartments and town houses that can be rented out short term and then sold on
for maximum gains in the medium to long term. Of course, as mentioned there are
also a lot of commercial property prospects available to an investor in Malta as
well from buying and leasing office space to buying into warehouses and retail
properties.
The key to successfully profiting from any
property market is the appeal of that market and the appeal of the real estate
sector in Malta is not only at an all time high it is intensifying creating an
ideal environment for an investor looking for an overseas real estate investment
opportunity.
About The Author