Spotlight on the Mediterranean: 8 Reasons To Love the Maltese Islands

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18th Century Renovated Palazzo, Zejtun | € 4,200,000 | Malta Sotheby’s International Realty

 

“If you love culture, history, and excellent weather you’ll love living in Malta.” – International Living

The best climate in the world

Time and time again, Malta’s climate has been described as the best climate in the world – and with good reason. The small island located in the heart of the Mediterranean enjoys the best weather of the region, warm and sunny year-round with over 300 days of sunshine. No wonder it’s such a happy place!

Remarkably rich in culture and history

Since before recorded history, the island has been inhabited by civilisations that left behind and gave the island its precious heritage. In fact, it might be interesting to know that the oldest free-standing buildings in the world, dating back further than 2,500 BC are to be found in the Maltese Islands. Malta’s history has been shaped by foreign rulers and influencers that set foot on the island’s shores along the centuries and each left behind a part of their own civilisation.

Throughout the ages, Malta was Phoenician, Punic, Roman, Norman, Byzantine, under the rule of the Order of the Knights of St. John, French for a brief period afterwards and British for over 150 years. Thus, it is quite legitimate to state that Malta is a melting pot of cultures and this is clearly evident in its architecture, gastronomy, traditions and all the other physical components of the islands that you will come across.

 

Mediterranean food

The love for food is practically imprinted in the genes of the whole Maltese population and it comes as no surprise, since the warm Mediterranean region allows for plenty of sun-cooked fruits and vegetables and is popular for delicious seafood, fish dishes and some of the finest olive oil. The Maltese love their cuisine and take their eating seriously, therefore good and wholesome local food is definitely one thing to look forward to. As the island is becoming increasingly multicultural, a wide range of authentic foods from all over the world is not lacking either. Happy dining!

A unique and friendly local character

Over the centuries, the Maltese grew accustomed to welcoming foreigners to the island. As the island was governed by several foreign rulers, the local population learned to mix and interact with all the different nationalities that washed up on Maltese shores, so much so that hospitality became of second nature. In general, the Maltese are friendly, talkative and eager to offer a helping hand. This just adds to the overall warmth.

A gateway to Europe

Malta has always been strategically positioned in the middle of the Mediterranean Sea, which is why it was so wanted by so many rulers in the past. It can be said that the island bridges Southern Europe to the African continent while it also serves as a port of call between East and West. As a full member of the European Union since 2004 with excellent air and sea transport links to mainland Europe, Malta also serves as an excellent connection to the whole European continent.

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Luxury Apartment, Portomaso, St. Julian’s |€ 1,250,000 | Malta Sotheby’s International Realty

A multilingual population

Being accustomed to a multicultural and international mix, the Maltese adapted by becoming almost innately able to speak several languages. Alongside Maltese, English is an official language of the country and spoken by the vast majority of the population. A good portion of the Maltese are also able to speak languages such as Italian, French, German and Spanish, making it easier to communicate and overcome the language barrier.

Economic incentives for foreigners moving in

Along recent years, the international community resident in Malta has been growing and this is partly due to several economic incentives set in place the Maltese government in order to attract foreigners looking to work and live in Malta, such a flat tax rate and other tax benefits.

The country’s economy is growing at a fast rate, being at one point in 2015 one of the fastest growing economies within the EU. International rating agencies such as Fitch and Standard and Poor’s gave the Maltese economy an ‘A’ rating, particularly as this is foreseen to continue growing as a fast pace. Malta is also being successful at emerging as a hub for the iGaming and financial services industries while pushing forward other key industries including tourism and maritime.

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Sumptuous Bungalow, Naxxar | € 2,800,000 | Malta Sotheby’s International Realty

Excellent investment opportunities

Malta also offers diverse business and investment opportunities, particularly in setting up shop, citizenship and residency programmes and real estate. In a report published by Wealth-X in 2015 entitled, ‘Homes as Opportunity Gateways’, Malta’s citizenship programme, the Individual Investor Programme (IIP) was named as one of the best long-term investments for Ultra High Net Worth Individuals due to the multitude of benefits attached to it. In addition, acquiring real estate in Malta is deemed as a solid investment since the Maltese are avid investors in property, the market is stable and property values rise year on year along with the island’s profile. It is good to know that a list of Special Designated areas is in place to facilitate the procedure of buying property for foreigners. Buying property situated within these areas exempts the buyer from terms and conditions that they would be otherwise subject to.

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Stunning apartment, Tigne Point, Sliema | € 4,250,000 | Malta Sotheby’s International Realty

All in all, with its ins and outs, Malta is a remarkable place to be. The one dangerous thing about it is perhaps the risk of having your heart stolen by its disarming charms once you set foot here.

For more information about Malta and real estate investment opportunities in Malta, kindly direct your request to the local brand representative – Malta Sotheby’s International Realty on info@maltasothebysrealty.com.

About Malta Sotheby’s International Realty

Malta Sotheby’s International Realty aims to serve the high-end residential and commercial real estate market, representing lifestyle properties of exceptional quality and unique characteristics. A brand that represents quality and luxury, its presence in Malta serves international clients looking for high-end real estate investment in Malta and Gozo, and local clients seeking real estate investment opportunities worldwide through our international network. Services include: Residential Sales & Letting, Commercial Sales & Letting, Property Management and Relocation & Residency.