Overview of Malta Property for 2020.

The Maltese Islands have received an even greater boost in recent years, reaffirming it as one of the highly lucrative investment property projects in Europe.

Following a slowdown in the European property market, the Maltese real estate market has only increased its interest, gaining a coveted reputation; resilient and highly lucrative. The Maltese legal system still supports immovable property in Malta, one that does not enforce a property or wealth tax.

Places for Buying Property in Malta

The position is important even on an island as small as Malta. You should ensure that your investment is situated in a popular area to improve productivity, which will attract potential tenants. The island is incredibly diverse, so you can make your decision by exploring different locations.

• San Pawl tat-Targa
• Madliena
• Valletta
• Mellieha
• Sliema

The sister island Gozo is worth mentioning as well. In a couple of years, buying a property within Gozo could prove highly profitable, with real-estate prices showing a steady rise.

The advantages of purchasing Property in Malta

• Proof of return on investment
• No Wealth Tax
• 5% Stamp Duty
• No VAT on the sale of real estate

Land rental in Malta

Renting a property in Malta is a quick process, an agreement can actually be signed in a couple of days! Unless otherwise mentioned, the gross rent receipts will be subject to a final tax rate of 15 percent. Sale of immovable property is usually excluded from VAT, so there is no VAT levied on the sale of immovable property.

There are, however, exceptions to the rule, which means that some leasing of property may be subject to VAT. In such situations, the taxable individual will be required to charge VAT at the appropriate rate and may also demand VAT on any expenses incurred in the maintenance directly related to the property's leasing.