Singled out by International Living in 2016 as having the best climate in the world, Malta is attractive in its own right for being warm and sunny year-round. Encircled by inviting waters and being remarkably rich in character, culture and history shaped along the centuries, it is already very hard to resist its disarming charms on this basis alone. The island also proved its resilience in the face of the global economic crisis and while managing to retain its financial stability, it also succeeded at becoming an emerging financial hub and achieving among the highest social and economic growth rates within the EU.
The small island nation has found a way to seal the deal for those who are lingering in making up their mind about moving there - Malta offers several economic incentives to foreigners who choose to invest there and have ease of mobility to the rest of Europe through its Individual Investor Programme (IIP).
Maltas IIP was named one of the best long-term investments available to High Net Worth Individuals in the Homes as Opportunity Gateways report published by Wealth-X in collaboration with Sothebys International Realty in 2015. The tiny Mediterranean island is succeeding at making a big name for itself and its citizenship programme internationally due to its excellent lifestyle offering and business opportunities.
Reputable individuals who submit a successful application to Maltas Individual Investor Programme will be granted naturalisation following investment by contributing to the countrys economy and social well-being. It is safe to say that such investment has enabled Malta to make giant leaps forward in this regard and this advancement has in turn continued to attract further investment towards the islands shores.
Maltas citizenship programme and the islands lifestyle have churned the demand for luxury real estate around the island for the past years as eligible IIP applicants and affluent buyers were increasingly attracted to the island. Thus, Malta moved on to develop this sector in order to cater for the rising demand and nowadays boasts a competitive product. Residences situated within luxury lifestyle developments such as Tigne Point in Portomaso in the cosmopolitan towns of Sliema and St. Julians are the most highly demanded, yet converted homes tucked away within Maltas old village cores are incredibly sought after for their timeless charm and unique architectural features.
For such a small place, Malta offers a wide variety of accommodation, both for sale and for rent, ranging from large houses surrounded by their own garden and land to penthouses and apartments in various layouts and sizes.
The other piece of good news surrounding Maltese property is that the real estate sector in this country is quite stable and property values go up year on year, as the Maltese are avid investors in real estate. Having said that, it can be hardly considered presumptuous to state that Malta has a little bit of everything and once you are there will easily find yourself at home, away from home.
If you are looking to relocate or would like more information on Malta's Individual Investor Program, contact us today 844.667.6663.