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Archives April 6, 2023

Renting Property in Malta

Soaked in the Mediterranean climate, Malta is a prosperous, lively, and vibrant group of islands brimming with breathtaking beaches, energetic entertainment venues, and endless dining, shopping, and lounging options. It is also an ideal location for those looking to relocate or enhance their property investment portfolios.

Do you pay VAT on rent Malta?

Whether you are looking for short-term or long-term accommodation, you would find plenty of high-quality rental options in Malta. There are various types of luxury villas, apartments, and penthouses available to rent on the island.

Maltese real estate is a stable sector and offers favourable incentives and schemes to assist home owners seeking a new residence or business location. These schemes include the Government’s Budget Incentive Scheme and Planning Authority grants to support renovation projects. More info

For those wishing to acquire immovable property in Malta, certain requirements need to be fulfilled. Foreign nationals must obtain a property acquisition permit (AIP) and a promise of sale before acquiring a property.

Foreigners are also eligible to purchase a property in a special designated area (SDA) where they enjoy favourable allowances and restrictions, but must pay 1% stamp duty. This is particularly true for properties situated within lifestyle developments.

Regardless of the purpose for which you are renting property in Malta, your Dhalia letting consultant will be able to show you around a range of different types of Malta rental properties and suggest the ideal arrangements. You can also benefit from our expertise when drafting your lease agreement, and finding solutions in the event of any problems that may arise during your stay.