Malta real estate, don’t miss a great chance
Posted by Caida.eu Blog Master on February 1, 2019 in Real Estate
Migrating to another country may have you leaving your family and friends, but it’s a revelational experience that can truly change your life. Malta happens to be one of the most sought after destinations for migration and property investment in Europe.
However, whatever your intentions may be, whether it’s seeking a second house or a primary home in Malta, you shouldn’t go buying right away – especially if you’re a foreigner. Your best course of action would be to do a little bit of research first. So here’s a quick guide if you’re looking to invest in Malta’s real estate.
Why Buy A Property in Malta?
So why would you want to buy properties in Malta in the first place? One thing that could persuade you to invest in properties in Malta are the numerous sights and activities tourists visit Malta for. Another thing that attracts a lot of foreign investors are the various investment opportunities on the island itself. For example, Malta’s gambling industry is currently booming, making Malta an overall great destination for expats.
The key behind every successful real estate investment is to purchase a Malta property which will increase in value (capital gain), further providing you with sustainable capital growth. Finding the right property in Malta which equals its market value can be quite a time-consuming task, since it requires much research, as well as patience.
During your search for an investment Malta property, keep in mind what rental income you are likely to receive, so remember to check comparable rental prices on any property in Malta which you are interested in within that location.
Malta real estate listings , negotiating and making an offer:
Now that you have found your dream property, it’s important to step back and think clearly before putting in an offer. Make sure it has ticked most, if not all of your boxes and that it will satisfy your future needs. With the help of your agent, you will want to find out how long the property has been on the market, how much similar properties have sold for in the area and if there are any other interested potential buyers.
When viewing the property, look for any works or repairs that require attention and use this to justify a lower offer. We always recommend taking an architect for a second opinion about the property, they will know what to look for i.e. structural damage, damp, water damage or not built to plan and could save you a lot of time and money.
Tags: Malta