About Malta - RE/MAX Real Estate Agency Malta (2024)

Malta

Why Malta?

There are various reasons why one would find Malta or Gozo as ideal destinations to relocate for business, invest in property or even retire and our lovely climate is only one attractive part. With lots of touristic attractions, welcoming people and an easy lifestyle.

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About Malta - RE/MAX Real Estate Agency Malta (1)

Best Ways to Travel to Malta

By Air

Malta is just two or three hours flight away from almost any European country. Regular daily flights land at the Malta International Airport from major European cities such as London, Rome, Berlin, Brussels, Frankfurt, Geneva, Athens, Amsterdam, Madrid and Vienna. Regular flights to other destinations take travellers East towards the Middle East and the Far East, or South to Africa.

Scheduled flights to and from Malta are operated by Air Malta, Air Baltic, Air Berlin, Air France, Alitalia, Easyjet, Egyptair, Emirates, Jat Airways, Jet Time, Libyan Airlines, Lufthansa, Luxair, Monarch, Norwegian Air Shuttle, Ryanair, Scandinavian Airlines, Thomas Cook, Thomson, Transavia.Com, Tunisair Express, Turkish Airlines, Vueling Airlines, Wizzair.

By Sea

About Malta - RE/MAX Real Estate Agency Malta (2)

A direct connection to the closest mainland is provided via a high-speed catamaran operated by Virtu Ferries, which reaches Malta from Pozzallo (Sicily) in approximately 90 minutes. Alternative sea transport can be availed of via Grimaldi Ferries, and Grandi Navi Veloci from other Mediterranean destinations. Cruise ship companies whose ships travel to Malta include RCCL, Holland America Line, Costa Crociera, P&O Cruises, Aida Cruises and others.

Sea transport is also used to connect the two islands of Malta and Gozo. This ferry service is provided by Gozo Channel Company Ltd with boats ferrying across the islands several times a day. Comino can be reached by privately operated boats’ service.

Passport & Visa Regulations

Entry into Malta is only permitted via a border crossing point to those who are in possession of a valid passport or an equivalent recognized travel document. Schengen Member State nationals do not require entry visas and are free to remain in Malta for a stretch of three months. Other country nationals should check travel document requirements with the Maltese Embassies, Consular posts or country representatives in their respective countries – for list of such offices check this link. In the absence of such offices, a written request may be sent to the Commissioner of Police, Police Headquarters, Florian on (+356) 21224001 or by filling in their contact form.

Customs & Duty

Entry into Malta allows personal belongings and clothing intended for personal use and these are not liable to duty. Prohibited goods include counterfeit watches, clothing, video tapes and software, obscene material, offensive weapons, unlicensed drugs such as heroin, morphine, cocaine, cannabis, amphetamines and barbiturates. For more information check this link.

Malta General Information

The Maltese Time-Zone

Malta is one hour ahead of Greenwich Mean Time (GMT) and follows Central European Time (CET).

Electricity

The electrical system in Malta runs on 240 volts in single phase at a 50Hz cycle. Sockets are British-style accepting square standard three pin plugs. Visitors from other countries/continents are recommended to bring their own conversion plugs obtainable from hardware, electrical or travel goods suppliers. Most local hotels will provide conversion plugs, when available, at a charge.

Water

It is safe to drink tap water in Malta, although the desalination process used on the island does leave some level of heaviness in the water. Bottled water is preferred by many and recommended for baby and infant beverages.

Religion

Malta is predominantly Roman Catholic and has a proliferation of churches in this denomination. However, since the Maltese Constitution guarantees freedom of workshop, other denominations and places of worship are also found including Church of England, Greek Orthodox, Muslim and others.

Health Care

Health care in Malta is of high quality. The state-owned Mater Dei Hospital is the main hospital on Malta, while the Gozo General Hospital services the smaller island. However there are a number of state-owned local health clinics and other smaller privately run hospitals on the island, as well as specialised hospitals offering palliative care, convalescing treatment and care for the elderly. Specialised clinics include those dedicated to the care of diabetes.

Local pharmacies are very well stocked with the latest medicinals. It is recommended that visitors undergoing specialised treatment / carrying medicines into Malta / planning to purchase medicines on Malta, bring with them a letter of introduction from their personal doctor/specialist.

Banks

Banks are usually open to the public from 08.30hrs to 12.30hrs on Mondays to Fridays, and until noon on Saturdays. Most banks have automated teller machines (ATMs), and 24/7 foreign exchange facilities are found at the Malta International Airport. Banks operating in Malta include Bank of Valletta, HSBC, APS Bank, Lombard Bank, BNF Bank, Deutsche Bank (Malta), FIMBank, Volksbank and others.

Shopping

Normal shop hours stretch form 09.00hrs through to 13.00hrs and then again from 16.00hrs to 19.00hrs. A few shops and malls stay open all day including supermarkets, especially in tourist areas. Some shops do not open on Saturday afternoons, and most shops do not open on Sundays or public and national holidays. Markets are held on rota in different locations of the islands every day. Specialised markets are organised on Sundays including Valletta’s large market, car boot sale markets and others.

Shops accept major credit cards, travellers’ cheques and Eurocheques. Be prepared to pay in cash at the smaller corner shops and at the markets.

Introducing animals into Malta and Quarantine

Malta follows EU rules on pet travel and adopts the PETS Scheme. Dogs, cats and ferrets entering Malta from an EU or listed third country must be microchipped, vaccinated against rabies, and have waited an interval of 21 days after being vaccinated against rabies before entering the island with ab official EU Pet Passport. More detailed information, also about other animals, may be obtained here or by emailing oninfo@mva.org.mt

A number of privately run veterinary clinics are found on the island as well as a 24-hour emergency veterinary service.

Localities

Discover Malta

Take a deep dive and browse the Maltese localities and local insights to see if the homes for sale are right for you.

About Malta - RE/MAX Real Estate Agency Malta (2024)

FAQs

Is buying property in Malta a good investment? ›

Purchasing immovable property in Malta, whether commercial property or residential property, is a safe and secure investment, as buying Malta real estate can be one of the best property transactions you could do in Europe.

Can a US citizen buy a house in Malta? ›

Can foreigners buy property in Malta? The short answer is YES. However, it is essential for non-EU citizens or foreigners who want to buy property in Malta to comply with the following conditions: Obtain an Acquisition of Immovable Property (AIP) permit from the Ministry of Finance in Malta.

How to find out who owns a property in Malta? ›

The Maltese Land Registry is where all information regarding the seller and the property are stored. The notary must submit an application form, called Form E, in order to get access and find information about the entitlement of the seller, the plan of the property and if the property lies within a registered area.

Why do agents choose Remax? ›

Through global.remax.com, RE/MAX agents receive the leads on their own listings, as well as referrals from RE/MAX agents around the world – with no fees added on from RE/MAX. At RE/MAX, you are able to easily connect with business opportunities from around the globe.

How much money do you need to buy a house in Malta? ›

When it comes to buying your first home in Malta, you may need to get a bank loan in order to finance your purchase. As a rule, you will need 10% of the purchase price to put down as front finance, while the rest of the funding is usually arranged as a bank loan from top local banks, with monthly repayments.

How much does an average house cost in Malta? ›

How much does a house cost in Malta on average? As of 2022, the average house cost in Malta is €227,000, and the average property cost, in general, is €3,000 per 1 m². Prices in the country usually range between €1,500 and €5,500. Per Malta's latest property price dynamics, terraced houses grew the most — by 7.1%.

What are the taxes on buying property in Malta? ›

Buyer pays from 6.1% – 9.3% of the property's value as fees and taxes. If a new property, VAT replaces property transfer tax and this is around 25%. Annual property tax is around 1.5% of a property's value.

Can I retire to Malta from USA? ›

Yes, there are several options open to retiring in Malta. There is an official retirement visa under the Malta Retirement Program. Other residence options include the Global Residence Program, Permanent Residence Program and the Exceptional Investor Naturalization.

Where is the best place to invest in Malta? ›

The best Maltese cities to live and invest in include Sliema, St. Julian's, and Gzira. These places are no less than vacation spots and make you feel like you are living the life of your dreams.

What is schedule 8 Malta? ›

Schedule 8 (for residential property only) outlining the physical attributes of the property being transferred.

How do you show ownership of a property? ›

Proof of Ownership
  1. Deed or Official Record.
  2. Mortgage documentation.
  3. Homeowners insurance documentation.
  4. Property tax receipt or bill.
  5. Manufactured home certificate or title.
  6. Home purchase contracts (e.g. Bill of Sale, Bond for Title, Land Installment Contract, etc.)
Jun 30, 2023

How do I find the owner of a specific property? ›

9 Ways To Find Out Who Owns A Property You Want
  1. Visit The Local Assessor's Office. ...
  2. Check With The County Recorder. ...
  3. Ask A Title Company. ...
  4. Talk With A Real Estate Agent. ...
  5. Contact A Real Estate Attorney. ...
  6. Search The Internet. ...
  7. Visit Your Local Library. ...
  8. Knock On The Door.

Why are real estate agents so rich? ›

Most real estate agents make money through commissions that are based on a percentage of a property's selling price, (Commission can also be flat fees, but that is much less common.) Agents work under real estate brokers, and the commissions are paid directly to the brokers.

Why do real estate agents have a bad reputation? ›

The lack of experience among some realtors contributes significantly to the negative reputation. Clients who encounter agents with limited expertise might face inadequate guidance, incorrect information, and ineffective negotiation skills. This lack of proficiency tarnishes the overall perception of the profession.

Why do realtors ask for highest and best offer? ›

As the seller, you usually ask for the highest and best offer to eliminate negotiations and expedite the deal. It lets buyers know you're looking for only the most serious offers. Conversely, with a best and final offer, you're asking buyers to go above and beyond the competition to convince you to sell to them.

Is it worth investing in Malta? ›

Malta has become one of the hottest locations for property investment in Europe in the last few years, due to its prime location, sunny climate, and stable economy. Home to multiple growing industries, stunning beaches and a warm and welcoming local community, it is attracting investors from around the world.

What are the disadvantages of living in Malta? ›

Cons of living in Malta
  • Cost of living: A price for paradise. One of the primary concerns for many considering a move to Malta is the cost of living, which can be relatively high, especially in popular expat areas like Sliema, St. ...
  • Infrastructure and overcrowding: The urban strain. ...
  • Insularity: The small Island dynamic.
Nov 29, 2023

What is worth buying in Malta? ›

Maltese Food

People in Malta like to eat and drink. One of the reasons is that Maltese food and wine are so delicious. After you taste the food, you will want to buy some to take home. Among others, choose sun-dried tomatoes, sun-ripened olives, fresh figs, capers, the famed cheese and some wine.

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