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Buying a holiday or retirement home or simply investing in real estate is a proposition that has become even more attractive since Malta became a fully-fledged member of the European Union, thus shedding once and for all the legal and financial complications of the past.
Maltese and foreign-owned real estate agents have risen to the challenge and today offer a vast range of properties, from stylish apartments and homely maisonettes to seaside village houses and country bungalows.
The trendy towns of Sliema and St Julian's are the liveliest spots on Malta's beautiful coastline, but the not-so-young mostly favour the Mellieha and St Paul's Bay areas. Only 28 per cent of foreign-owned homes are actually in "holiday areas," and you may prefer to buy a traditional village property with a walled garden and a cool interior courtyard where the centrepiece is a pattering fountain.
Agents call these types of homes "houses of character," and many have a distinct Mediterranean feel with their vaulted ceilings, tiled passageways, and archways. Prices are bound to vary according to selected areas and size of properties, but you can be assured of a fruitful investment. The popularity of Malta and Gozo with their virtually crime-free environment confirms the wisdom of such a move. Affordability and low maintenance rates are other advantages that have a bearing on house-buying in Malta.
The same goes for low living costs, juicy tax concessions, and almost everybody speaks English. You won't find many places where it's this easy to integrate into local society. Property prices aren't bargain-based, but you'll find some good deals...if you know where to look.
Malta has long been a favourite British retirement destination, but is now fast being discovered by other European and American home-seekers wishing to live in a sun-kissed outpost.
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Belair Real Estate. When it comes to buying property in Malta, whether
for personal use or as an investment, Belair have an absolute wealth of
experience. Their team of trained professionals will be only to happy
to help with all your needs as they ensure you get the best deal
possible. For more information either call (+356) 2134 0248 or visit www.belair-malta.com
Property Quest. If you are looking to set up home in Malta or just invest some of your hard-earned cash in good old bricks and mortar, then Property Quest will be able to find the ideal property for you. For more information either call (+356) 2158 1272 or www.propertyquestmalta.com
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