Why choose Malta for relocation or investment, over other Mediterranean destinations? 

Malta is an attractive destination for relocation and investment due to its stable economy, competitive tax incentives, EU membership, high quality of life, and strategic location. It boasts a robust economy showing consistent growth and resilience even during global downturns. The country is renowned for its safety, superb healthcare and schooling, and warm Mediterranean climate. English is an official language, making it ideal for business and expatriates. The real estate market is attractive, with more affordable property prices compared to major cities like London or Monaco. The island’s rich cultural heritage, lively social scene and vibrant atmosphere add to its appeal, with its cosmopolitan and international lifestyle attracting expats from around the world. It is no longer a seasonal island where places close and life slows down in the winter months. January to December, night or day, restaurants are bustling, cafés are full and there’s always something going on, whether you’re in a small village or one of the main towns.

“Malta’s real estate market is quite unique, so it’s important not to take anything for granted or make assumptions.”

What challenges do foreign nationals or companies relocating to Malta face? 

Relocating to Malta can indeed present various challenges for foreign nationals and companies, such as navigating local real estate and tax laws, understanding residency requirements and managing essential services like banking and utilities. Agencies like Belair Property play a crucial role in easing this transition. Expertise in local regulations and a strong network of partner professional advisors enable us to provide comprehensive support to clients. By guiding clients through legal requirements and offering assistance with everyday tasks, Belair Property ensures a smoother relocation experience, helping clients settle into their new homes or offices with greater ease and confidence. 

How has the Maltese property market changed since you started out? 

The Maltese property market has undergone a significant transformation over the past 30 years. When I first started back in the ’90s, the market was quite basic, with limited options for quality homes and commercial spaces. However, the emergence of lifestyle developments, upscale apartment buildings and modern business centres has dramatically changed the landscape. 

Key factors driving these changes include Malta’s accession to the EU, which opened the door to foreign investment, and the growth of sectors like financial services and iGaming. The introduction of residency programmes aimed at attracting foreign tax residents and retirees has also played a crucial role in shaping the market. Together, these elements have contributed to the vibrant and diverse property market that Malta boasts today.

What advice would you give to someone looking to invest in Maltese real estate for the first time? 

Malta’s real estate market is quite unique, so it’s important not to take anything for granted or make assumptions. It’s essential to do your research and familiarise yourself with the market dynamics, as well as the distinctions between different areas, even if they are close in proximity. Take the time to explore the types of properties available, their pricing and accessibility. Above all, it’s crucial to understand potential planning and title issues that certain properties might have. These are factors that credible, reputable service providers can help you navigate, which is why it’s important to surround yourself with trusted professionals.