Category: Buying Property Tips

With the increasing population and the number of vehicles on the road, finding parking has become a big problem. Owning a garage in Malta has become a necessity rather than a fancy add-on. The reasons include having a space to park your car and keep it protected, having extra storage, or even as an investment. However, there are a few important things to think about before you decide. In this article, we’ll explore eight things you should consider when buying a garage in Malta.

1. Location, Location

Just like how you’d kick off your house-hunting adventure by seeking the perfect location, it’s a similar story when you’re on the garage hunt – location is the real star of the show. Think about how close the garage is to your home or other properties you have.

2. Size and Space

How large is the garage, and how many cars do you want to fit in it? Do you also want space to store your things? A larger garage might be more spacious but it will also cost more. Make sure the garage you’re after suits your needs and your budget.

3. Safety and Security

Safety is important when it comes to your garage. Take a peek at the garage’s features such as lights and locks. Security also matters. A fortress-like garage will have you more at ease, especially if you’re safeguarding a beloved expensive car inside.

4. Legal Requirements

There are some rules to navigate when buying a garage, like permits and zoning. It’s crucial to ensure that the garage you’re interested in abides by these rules. It’s always best to speak to a legal expert to make sure you’re on the right track.

5. Maintenance Costs

Buying the garage is not the only cost you will face when making this decision; you also need to think about the upkeep. Whether this is fixing things or cleaning, there might be shared expenses in shared spaces. Consider this when planning your budget.

6. Investment Potential

While your garage purchase might be all about fulfilling your personal needs, it’s savvy to have an eye on its future worth. Malta’s limited space means that most property types tend to appreciate over time, making them valuable assets.

7. Accessibility 

Evaluate the garage’s user-friendliness with a keen eye to ensure no accidents occur. Smooth and effortless entry and exit are paramount, especially if you plan to be a frequent visitor. Keep a sharp lookout for any potential obstacles that could dent your precious car while using your garage.

8. Customisability 

Look beyond the price and consider how adaptable the garage is to your needs. Is there room for customisation to make it work better for you? Buying a garage that offers versatility is a smart move. Whether you envision it as a workshop or additional storage space, explore the potential for adjustments. 

Buying a garage isn’t something you do on a whim. These pointers are here to help you mull over the various factors that could sway your decision. Think about your top must-haves and the things that would be nice but aren’t deal-breakers. Keep these in the back of your mind as you check out your options, so you can pick a garage that’ll stick with you for the long haul. Happy garage hunting!

Buy a Garage in Malta

If you’re interested in buying a garage in Malta, browse our garages for sale or reach out to our team to help you out at +356 2327 1000.

As the population in Malta and the number of vehicles per household continues to grow, navigating the impacts can be tricky. That’s why owning a garage in Malta isn’t just some fancy add-on – it’s becoming a necessity. 

In this blog post, we’ll explore five benefits of having your own garage in Malta, and demonstrate why it goes beyond convenience.

1) Protection from Weather Conditions

The Maltese climate, while boasting Mediterranean allure, also has its drawbacks. The intense sun and occasional heavy rains can take a toll on vehicles. Besides, we’re all familiar with the unbearable heat in your car after a few hours in a sweltering heatwave. A garage provides a shield against these elements, keeping it safe and comfortable through the seasons. Furthermore, it prolongs its lifespan, keeps the paint from fading, and even keeps it clean for longer.

2) Avoiding the Parking Hassle

Just the thought of looking for parking is enough to cause anyone a headache. Finding a parking spot has become a scarcity, owing to limited spaces and the increasing vehicles on the road. This leads to endless hunting and circling around and ends frequently in frustration. Owning your own garage means there’s always a reserved space waiting for you – hassle-free and reliable.

3) Reducing the Safety Risks

Picture this – you’ve spent years saving up for your dream car (or you’re still paying off the loan), only for it to end up scratched. Your vehicle is a significant financial investment and keeping it safe is important. Storing it in a garage provides an added layer of security, reducing the risks of theft or damage. Knowing that your vehicle is well-protected from unintentional damage and vandalism brings you peace of mind.

4) Solution for Additional Storage 

Finding enough space for storage in modern homes has become somewhat of a challenge. Homeowners can understand the value of having enough storage for all their belongings to avoid cluttered wardrobes and cabinets. A garage provides this benefit and frees up space within your home. Particularly for neatly tucking away items that are not regularly used – think Christmas décor, fans or heaters, camping gear, and more.

5) Acquiring a Valuable Asset

With the rising demand for parking space, owning an external garage in Malta is a savvy investment. Its value can substantially increase over the years, providing you with the opportunity to rent it out or sell it for a higher price in the future. Whether you picture yourself keeping it for personal use or as a lucrative asset, it’s a strategic move to invest your money in a garage.

Buying a Garage in Malta

There are many factors to consider before buying a garage. The process of buying a garage in Malta involves steps such as research, engaging a real estate agent, property viewing, negotiation, legal checks, due diligence, signing a sale agreement, payment, finalising the transfer, and property registration. It’s crucial to seek legal advice and assistance throughout the process to ensure a smooth purchase.

If you’re interested, browse our garages for sale in Malta or reach out to our team to help you out at +356 2327 1000.

As an attractive destination for tourists and expatriates alike, the demand for renting in Malta continues to grow. While those on holiday seek the island for its rich history, vibrant nightlife, and stunning landscapes, expatriates are attracted for other reasons. The beautiful weather, friendly locals, and relaxed lifestyle make it an ideal country to settle down in. 

In a previous blog post, we reviewed the steps landlords must take when leasing their property. Today, we will be looking at it from the tenant’s perspective and going over the process of renting in Malta.

So, here are 6 things you should do as a tenant renting in Malta:

1. Learn about the rental laws: 

Just as a landlord must get familiar with the laws and regulations to remain compliant, as a tenant, you should also acquaint yourself. Getting to know the legislation and the Civil Code protects you as you will be aware of your rights on important topics such as rent increases. You can also ensure a fair and smooth arrangement by learning about your obligations as a tenant. For guidance on the subject, you can refer to the Malta Housing Authority.

2. Do your research thoroughly: 

Go into the process well-informed to get the best deal. Conduct your research on the rental market in Malta to determine a fair price for what you are seeking. Keep in mind that the location greatly affects prices, and the more central and sought-after the location, the higher the rent. Also, consider the appliances and furnishings being provided with the property and the proximity to convenient amenities. This might look different to you depending on your lifestyle. For some, the priority would be to have public transport and supermarkets close by. For others, this might be schools, parks, and child-friendly establishments.

3. Understand your contract: 

Don’t sign any agreements before carefully reading the terms and conditions and making sure you understand them. Look out for payment and deposit terms, termination procedures, maintenance and repairs, and any hidden costs. If anything is unclear, first, clarify any points and clauses with the landlord. As a precautionary step, you can also consult a professional to read through your contract and ensure it protects you. They will be able to give you the best advice and notice things that you might not.

4. Inspect the property in detail: 

Before moving in, make sure to take note of any prior damages and items that need repairs so that you will not be deemed responsible. Furthermore, creating an inventory list and making a copy for your landlord to sign protects your deposit. Make sure to keep it updated throughout your tenancy. Additionally, taking a video of the property’s condition and contents serves as the most accurate evidence.

5. Communicate with your landlord: 

Keeping open lines of communication and being transparent with your landlord will help you develop a positive relationship. So if any accidents happen, inform your landlord as soon as possible. Then, discuss how to solve it between you and make sure to follow through. Similarly, if there are any maintenance issues, notify the landlord so they can set up the necessary repairs. One month’s notice must also be given to terminate the contract after the mandatory period has ended.

6. Take good care of the property:

Look after the property as if it was your own, both out of respect for the landlord and to ensure that your deposit is returned. Keep it reasonably clean throughout your tenancy and before you vacate. Moreover, you should also be respectful of the neighbours and be mindful, such as not listening to loud music during quiet hours. If there are any disputes with neighbours that escalate, discuss this with your landlord to find the best solution.

By taking the necessary steps and seeking professional advice when needed, renting in Malta can be a seamless experience. Always stay informed of any changes in rental laws and know your rights as a tenant, and you should have an easier time settling in.

If you’ve decided that it might be time to climb the property ladder and purchase your own property, check out our Current Developments. 

If this would be your first property, you can benefit from the first-time buyer scheme. We can guide you through the process!

Due to Malta’s growing popularity with expatriates and the booming property market, investment in real estate presents several lucrative opportunities for landlords. As the demand increases, it’s essential for you to be well-informed about your rights and responsibilities when leasing your property. 

In this blog post, we will explore our tips to guide you through the rental process. 

Steps to take before, during, and after leasing your property:

1. Understand the laws in Malta: 

It’s important to get familiar with the local laws and regulations that apply to rental properties. The Civil Code goes into detail on lease agreements, increasing the rent, and terminating the contract. We suggest using a legal professional’s services to ensure you comply with the rules. The Malta Housing Authority also provides guidance on this subject.

2. Set a competitive rental price: 

Deciding on a price for your rental property must be done only after thorough market research. Setting it too high means it would be difficult to attract tenants. On the other hand, you will be missing out on a better return by pricing it too low. Especially, since you will not be able to make significant changes to it once the contract is signed. Consider the location of your property, the size and amenities, and the quality of the furnishings.

3. Draw up a rental contract: 

An agreement is not only a requirement but also protects the rights of both parties. Choose a trusted professional so you can rest assured that it is well-drafted and comprehensive. Double-check that it covers payment and sub-letting terms, duration and termination, property maintenance and inventory, and responsibilities. Once signed, it must also be officially registered.

4. Conduct a screening process: 

Before making any decisions, it is in your best interest to screen any potential tenants. A thorough screening process ensures that the tenant is reliable, financially stable, and responsible. Conduct a credit check, and request references from relevant parties such as employers and previous landlords. This minimises the risk of being paid late, getting complaints from neighbours or finding your property damaged. 

5. Maintain the property: 

It is your responsibility to regularly inspect your property so that if any issues arise, you can sort them out quickly. Planned maintenance safeguards the value of your property. Additionally, it ensures that your tenants are living in good conditions and are satisfied with the arrangements. Similarly, if they complain about an issue, it’s important to take action to resolve it.

6. Keep financial records and pay taxes

If you’re earning an income by leasing out your property, then you must maintain detailed records and fulfil tax obligations. This includes keeping track of payments and expenses, keeping a copy of tenancy contracts, and declaring rental income on your annual tax return. A tax professional can guide you through accurate, law-abiding record-keeping.

7. Check the inventory and look out for damages

In addition to taking inventory before the tenant moves in, it is also crucial to inspect your property before they move back out. Compare and contrast the inventory with the list that was agreed upon by both parties and check your property thoroughly. Then, you can determine if the deposit is needed to cover any damages or missing items or if it can be refunded back to the tenant.

Leasing your property can be extremely financially rewarding. By following these 7 steps, you can make sure everything goes smoothly during the rental period. Naturally, you must stay up to date with any changes in rental laws to remain compliant with Malta’s regulations.

If you’re in search of properties that are ideal for rental purposes, make sure to explore our Current Developments. Our team can help you find the right property for your needs!

Real estate investors seek a stable income, steady growth and a healthy return on their investment. In this blog post, we will explore the reasons why investment in real estate in Malta presents several lucrative opportunities. 

As with any venture, it’s essential to conduct thorough research, seek professional advice, and assess market conditions before making decisions. However, we’ve done some of the work to give you a head start. 

Here are 10 factors why real estate assets are some of the most financially rewarding:

1. Strong Property Appreciation: 

Over the years, Malta has experienced significant property appreciation and this does not seem to be slowing down. The combination of increasing demand, limited supply, and a growing economy has contributed to rising property values. Investing in real estate potentially leads to substantial returns on investment over time.

2. Consistent Rental Income: 

The presence of international companies create an excellent opportunity for rental income. Sectors such as finance, gaming, and technology have contributed significantly to its growth. By owning residential properties, you can enjoy a consistent and reliable source of cash flow. 

3. Government Initiatives: 

The government has implemented various initiatives and policies to support the economy and the real estate market. This includes incentives such as the Malta Residence and Visa Program (MRVP) and the Malta Individual Investor Program (MIIP) aimed at high net-worth individuals.

4. Attractive Tax Benefits: 

Furthermore, Malta offers attractive tax benefits for real estate investors. Property tax rates are reasonable, and certain property transactions may qualify for reduced stamp duty rates or exemptions. Additionally, rental income is subject to advantageous tax treatment, enabling you to maximise your profit.

5. Thriving Economic Growth: 

Malta has experienced robust economic growth, with a thriving business environment and a focus on attracting foreign investment. The country’s favourable tax policies, supportive business climate, and diverse industries have stimulated economic activity. Moreover, its strategic location in the Mediterranean makes it the ideal hub for international business and trade.

6. Growing Tourism Sector: 

Our island has always been a popular tourist destination and this keeps steadily increasing. The rich cultural heritage, stunning landscapes, and favourable climate attracts an influx of tourists. Due to this, vacation rentals have experienced a surge in demand, giving you increased income during peak tourist seasons.

7. Diverse Investment Options: 

The diverse real estate market in Malta caters to different investor preferences and budgets. From residential apartments and villas to commercial properties and development projects, investors can choose from a range of property types. The ability to diversify your real estate portfolio can greatly minimise your risk.

8. Infrastructure and Development: 

Significant infrastructure projects and urban development have played a crucial role in the real estate boom. Endeavours in transportation systems, including new roads and public transportation networks, have improved accessibility and connectivity. Meanwhile, urban renewal projects have revitalised neighbourhoods and increased property values.

9. Foreign Investment: 

The country’s stable political climate, robust legal framework, and membership in the European Union have provided a secure environment for international investment in real estate. Foreign buyers, especially from countries with higher property prices, see Malta as an opportunity to acquire properties at more competitive prices.

10. Mediterranean Lifestyle: 

Finally, Malta offers a high quality of life with a pleasant climate, beautiful beaches, and plenty of job opportunities. The availability of modern amenities, healthcare facilities, international schools, and a thriving social scene make it an attractive destination for individuals and families seeking an improved lifestyle.

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While investment in real estate in Malta offers profitable prospects, it’s crucial to consider factors such as location, market trends, property management, and potential risks to make informed investment choices. However, the overall positive economic indicators and government support continue to drive Malta’s real estate sector’s growth.

Interested in investing in new-build highly-finished properties in Malta? Make sure to check out our Current Developments.

Are you considering buying a property in Mosta, Malta? You’re certainly not alone. In recent years, Mosta has become an increasingly popular and sought-after destination for locals, expats, and retirees alike. 

Finding the right property is the second step in the buying process, after checking the loan sum you can obtain. Whether you are looking for your dream home or a lucrative buy-to-let property, Mosta is an attractive location with plenty to offer. 

If you’re still on the fence and wondering if Mosta is the right place for you, here are our top 5 reasons to make the move: 

1. Centrally located

Location is one of the first things that buyers look for in a property. Apart from being a charming town, Mosta is situated in the heart of Malta, making it the ideal location to get around the island.

With the rising problem of traffic, getting from point A to point B can become a 30-minute trip when it should have been a 10-minute drive. Living in such a central location makes your daily commute to work or exploring the island over the weekend a less stressful task. Additionally, Mosta is well connected, with plenty of bus stops and regular routes to other cities.

2. Close to all amenities

Residents benefit from plenty of amenities that the area offers, such as cafés, restaurants, shopping centres, and supermarkets. You’re spoilt for choice in Mosta! With so many options, you could probably visit a different café or bistro every weekend.

There are also numerous playgrounds and schools around the locality, perfect for families with children. Being within reach of everything you need is easily one of the top perks of buying a property in Mosta. Pave the way to a more comfortable and convenient lifestyle. 

3. Rich culture and landmarks

Mosta is known for its incredible culture and landmarks, notably the famous ‘Mosta Rotunda’. Also referred to as ‘The Mosta Dome’, this magnificent church built in the 19th century is a popular tourist attraction. You can see why, with its impressive architecture and magnitude. Although the Rotunda is the most well-known, there’s plenty to see and do in Mosta. 

At the top of the list are the Ta’ Bistra Catacombs, Cumbo Tower, Speranza Chapel, and World War II Shelter. Make sure to visit them if you haven’t already and learn about their rich history. The town is also home to several galleries and cultural spots. This includes the Aviation Museum and the Mosta Community Theatre, which hosts regular performances and events. 

4. Scenery & hiking trails

Although Mosta is one of the most densely-populated towns in Malta, it still provides greener spots with breathtaking views. If you’re looking for a beautiful spot for a picnic or relaxing walk, we recommend Ġnien l-Għarusa tal-Mosta. The fresh air and stunning scenery will keep you coming back for more.

Whereas, if you’re eager to hike, you can head to the Mosta Valley (Wied il-Għasel). Considered an easier trail, ideal for beginners, it takes 40 minutes to an hour to complete. Not up for a hike? You can still enjoy the view from the Mosta Bridge.

5. Great community

Mosta offers a versatile and lively community, so you can get involved in plenty of social events and groups. It’s the perfect place to call home if you’re raising a family or looking to retire in a comfortable and relaxed environment.

It has established itself as a desirable destination, from its diverse range of services and activities to convenient amenities, fascinating history, and easy access to the rest of the island.

As a continually developing town, finding the right property in Mosta should not be too difficult – whether you’re looking for an apartment, penthouse, or something in between.

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Explore phase 2 of The Pantheon, a superb collection of 31 luxurious new-build apartments and penthouses in the heart of Mosta.