Where to Buy Property in Malta: A Location Guide

Malta has become the number one destination for many expats. The main driver, of course, is often the tax advantages that come with moving here. This applies to entrepreneurs who are relocating their residence to Malta to establish substance for their Malta Limited, as well as individuals looking to reduce their personal tax burden through the Global Residence Programme (GRP).

The Global Residence Programme stipulates that when you move to Malta, you must either rent an apartment for a specific annual amount or purchase a property of a certain value. Naturally, the question arises: where should you buy this property? The location doesn't just affect your lifestyle—it actually impacts the tax requirements.

St. Julian's, Sliema, and Valletta: The Pricey Hubs

I personally like to divide Malta into three categories: The Hub, The Surroundings, and The Quiet Zones.

"The Hub" consists of St. Julian's, Sliema, and Valletta. If you move here, you are right in the middle of the action, especially in St. Julian's. Everything is nearby, but you also have tourists on your doorstep and the streets are always busy. You really have to be into that sort of lifestyle.

Properties here are the most expensive, simply due to the high demand. While a sea view is stunning, it pays to be practical here: properties just a few streets inland often cost significantly less than those on the seafront.

Buying in the Surrounding Areas

For me, "The Surroundings" are the areas on the main island that border St. Julian's, Sliema, and Valletta. Prices here are generally acceptable, though it depends heavily on the condition of the property.

If you don't like the stress and noise often found in the tourist hotspots but still want everything within easy reach, this is the perfect compromise.

Gozo: Saving Money with the Global Residence Programme

Finally, we have "The Quiet Zones," specifically Gozo. Gozo is Malta's sister island and is much greener. Everything here is very calm, and nature lovers will be very happy here. You will notice the difference in the population, though—it is more traditional and rural compared to the modern, fast-paced world of St. Julian's.

There is one crucial piece of information for anyone looking to buy property for the Global Residence Programme: If you buy in Gozo or the South of Malta, the minimum requirements are lower. You only need to purchase a property for €220,000 or pay €8,750 in annual rent. In the other parts of Malta (Central/North), the thresholds are €275,000 for purchase or €9,600 for annual rent.