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Date: 11th July 2011

Benefits of buying property in Malta

Malta is comprised of an archipelago, with Gozo and Comino as its sister inhabited islands. Being the largest of the three islands, Malta is endowed with breathtaking, awe-inspiring properties, ranging from luxury apartments to stupendous beach-side villas and bungalows.

Immersed with numerous beaches and a warm climate all year round, Malta is the perfect residence for those who long for a warm, relaxed life amidst the Mediterranean Sea.

Buying property in Malta is one of the most secure investments. Some of the benefits you can gain from Malta property are as follows:

- You can re-sell your (private) property at any time you want.

- You can repatriate the full resale price, along with profits taxes.

- You can take a mortgage for a purchase of property, whether you are a resident as well as a non-resident of Malta. Indeed, once permission is granted by the Central Bank of Malta, you have no restrictions on the amount of money that you can borrow from the local banks.

- After you buy the property, you may choose to rent it out to third parties (some limitations are applicable). If the property rented out is resulting in revenue being generated through this activity, then this revenue will become subject to taxes. As foreign nationals, this will be subject to 15% tax.

In short, EU citizens can enjoy the benefit of buying their first property in Malta without any limits. Permits are not required in most cases. In case that they are however, they are easily issued to all bona-fide purchases with any key requirements.

Tumas Developments offers a vast selection of luxury properties in Malta, which will make Malta property synonymous with quality, luxury, and exquisiteness. Whether you would want to buy a property as an investment or as your own personal residence in Malta, our representative will guide you in reaching an informed decision. This is why we are dedicated to training our people to be as efficient, knowledgeable, and as professional as possible.

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