As you venture into the world of Maltese real estate, you’ll quickly discover that some areas are more popular among foreigners than others. These hotspots offer a unique blend of lifestyle benefits, natural beauty, and investment potential. Let’s take a closer look at some of the most sought-after areas for foreign property buyers in Malta.
Sliema and St. Julian’s: The Cosmopolitan Duo
- Bustling urban centers
- Vibrant nightlife and entertainment
- Modern apartments and luxury properties
Sliema and St. Julian’s are neighboring towns that form the heart of Malta’s cosmopolitan scene. Known for their shopping centers, upscale restaurants, and bustling nightlife, these areas are a hub for expats and foreigners seeking a lively urban lifestyle. Here, you’ll find a range of modern apartments and luxury properties, many offering spectacular sea views.
Valletta: The Historic Capital
- UNESCO World Heritage site
- Rich cultural heritage
- Baroque architecture and period properties
Valletta, Malta’s capital city, is a UNESCO World Heritage site with a wealth of history and culture. Its narrow streets, baroque architecture, and period properties attract foreigners who appreciate the charm and character of this historic gem. Living in Valletta means being immersed in a vibrant arts scene, with events, exhibitions, and performances taking place throughout the year.
Mdina and Rabat: Timeless Elegance
- Ancient walled cities
- Tranquil atmosphere
- Traditional townhouses and palazzos
Nestled in the heart of Malta, Mdina and Rabat are ancient walled cities that exude timeless elegance. These serene locales offer a tranquil atmosphere away from the hustle and bustle of the coastal areas. Property options include traditional townhouses and palazzos, many of which have been beautifully restored to showcase their original features.
Mellieha and Gozo: The Natural Escapes
- Stunning landscapes and beaches
- Slower pace of life
- Villas, farmhouses, and apartments
For those craving a more relaxed pace of life, Mellieha in the north of Malta and the island of Gozo are idyllic options. Both locations boast stunning landscapes, pristine beaches, and charming villages. Property choices range from luxurious villas and traditional farmhouses to modern apartments, all set against the backdrop of the Mediterranean’s natural beauty.
Special Designated Areas
Special Designated Areas (SDAs) are specific zones in Malta where foreign nationals can purchase property with the same rights as Maltese citizens. SDAs were introduced to facilitate and promote investment in the country’s real estate market. In these areas, there are no restrictions on the number of properties you can own, and you don’t need an Acquisition of Immovable Property (AIP) permit to buy.
List of Special Designated Areas in Malta
Here’s a list of the most prominent Special Designated Areas in Malta:
- Portomaso Development, St. Julian’s
- Tigné Point, Sliema
- Ta’ Monita Residence, Marsascala
- Tas-Sellum Residence, Mellieha
- Fort Cambridge, Sliema
- Pendergardens, St. Julian’s
- Madliena Village, Madliena
- SmartCity, Kalkara
- Kempinski Residences, San Lawrenz, Gozo
- Cottonera Waterfront Development, Cottonera
- Manoel Island and Tigné Point, Gzira
- Metropolis Plaza, Gzira
- Fort Chambray, Ghajnsielem, Gozo
These SDAs are popular among foreign buyers due to the ease of acquiring property and the luxury residences available in these developments. They often feature top-notch amenities such as communal pools, gyms, spas, and 24-hour security, making them an attractive option for those seeking a comfortable and secure lifestyle on the sunny island of Malta.
In summary, Malta offers a diverse array of locations that cater to a variety of tastes and lifestyles. Whether you’re seeking the excitement of city life, the allure of historic charm, or the tranquility of natural landscapes, you’ll find a property and location that speaks to your heart.