Gozo is a safe, quiet and charming island with plenty to offer retirees and families. It has a strong economy, is home to some of Malta’s most popular holiday resorts and is a fantastic place for an investment.
Can a non resident buy property in Malta?
The latest properties for sale in Gozo have seen a steady increase over the past couple of years, with apartment prices increasing more than ever before. However, as with any type of investment, it is essential that you carefully choose the right property for your needs and lifestyle.
There are many types of properties available for sale in Gozo, including apartments, townhouses, penthouses, maisonettes, farmhouses and terraced houses. Some of the most sought-after properties in Gozo are farmhouses and houses of character, which often date back hundreds of years.
Farmhouses are a great choice for those looking to invest in Gozo as they are typically more affordable than villas and come with a variety of wonderful features. They can be spacious with room for a pool and are also lovely places to entertain family and friends.
Townhouses are a popular choice among younger couples in Malta who prefer space and privacy but with the convenience of a convenient location. They are usually characterised by a traditional Maltese balcony and a small garden with a variety of amenities close by.
If you are looking to purchase a property in Gozo, the first thing that you should do is find out whether it is freehold or leasehold. This will determine the amount of ground rent that you will have to pay for the house.