Take advantage of booming real estate by investing in properties Malta

Posted by Malot Gina on July 6th, 2017

Malta is a wonderful country to live in because of its own merits. Lots of foreigners come to Malta every year for different purposes like on work assignment, to reside or for vacation. Apart from its natural beauty, Malta has very easy and quick access to major cities of North Africa and Europe. Other reasons are – great weather, friendly people, safe lifestyle, relatively crime free, English speaking population, excellent medical service, great cultural life etc.. The properties Malta are in great demand because more and more people decide to relocate here. Those who find it difficult to purchase a property may consider rent in Malta which is quite reasonable.

If you have moved to the country and are interested in properties to rent in Malta, you should not worry much. Malta and Gozo offer significant number of properties located across the beautiful localities. Rental rates are quite reasonable and vary with type of property, location, duration of tenancy etc. Rent usually doesn’t include water and electricity bills which need to be paid by the lessee as per consumption. It is a general practice followed in case of rent in Malta that the lessee keeps a security deposit of one month’s rent with the owner against the breakage or outstanding bills. This deposit is however refundable. Once the lease is terminated this amount is refunded back to the lessee or used for paying outstanding bills.

Buying properties Malta is quite simple and safe. Once the property is selected an initial agreement binds both the parties for buying or selling. The agreement is usually valid for three months during which the purchaser engages Notary Public to check and confirm whether the property has a good title. The final deed is signed after receiving the confirmation on clear title and any permit, if necessary. Non-residents can buy properties Malta without any restriction though in some cases AIP permit needs to be obtained.

The procedural hassle or documentation is minimal whether you want to buy properties Malta or rent in Malta. However, the most critical part is to choose the right property. Online marketplaces are really of great help in this regard. They list available properties for rent or sale in their website. Photographs of the property are also uploaded for your initial assessment. Some of the listing also uploads video for virtual tour of the property. However, it is advisable to visit the property personally before making the final selection. It gives a brief description of the property, location and the price. Also, the search time is considerably reduced as the properties are listed under different categories like apartment, land, office, commercial, garages etc. so that you do not waste time in scrolling down a long list of properties that you are not interested in.

Online marketplaces are indeed a great place for searching for properties Malta, for buying or rent in Malta. They have a huge collection of properties under each category. You can also filter based on search criteria like number of bedrooms, bathrooms and budget. You can choose to see only the direct listing by owners or the listing given by the agents. The entire process is fairly simple and extremely convenient.

Resource Box: Buying or selling properties Malta is easy because of the listings in online marketplaces. You can also rent in Malta by using such portals.