Purchasing real estate in Malta is a great investment opportunity. Whether you want to buy a traditional home in Malta’s cities or a modern apartment, Malta has something for everyone. But if you’re looking for the ultimate luxury, consider buying a penthouse in Malta. Located on the top floor of a building, penthouses are larger than regular apartments and offer incredible views. Besides the extra living space, many feature rooftop terraces and alfresco dining areas. These are ideal for entertaining and enjoying the warm weather. In addition, the top floor of a high-rise building offers an exclusive lifestyle that is away from noise and distractions.
Penthouses in Malta are typically located in central locations with a variety of amenities. You can find them in popular neighborhoods like Sliema, St. Julian’s, Mellieha, and Mosta. Some also offer concierge services and swimming pools. You can search for Maltese penthouses on websites like JamesEdition. This site allows you to search for homes that fit your criteria, including number of bedrooms and bathrooms. You can also save your searches and receive alerts as new listings come on the market.
Sky-high living can be expensive, and maintenance costs can also be a consideration. Often, penthouses share the roof of the building with mechanical equipment and lifts. This can cause issues if you are sensitive to heights. In addition, the heat of the sun rising up through the floors can make the interiors of a penthouse hotter than other parts of the building. If you’re concerned about these issues, you can choose a penthouse with fewer windows or one with a lot of air conditioning.
If you’re a resident of another country, you can use the Citizenship-by-Investment program to acquire a Maltese passport in exchange for an upfront investment. This process allows you to obtain residency in Malta and purchase property there without paying stamp duty on the first EUR150,00 of the value of your home. You can also use the Investor Residence Programme to qualify for a visa that lets you live and work in Malta. This visa is valid for five years, and it can be renewed indefinitely.
There are a variety of properties to choose from in buy a penthouse in Malta, so it’s important to decide what type of home you’re looking for before beginning your search. Depending on your preferences, you can choose a duplex or single-story penthouse, and you can find them in small apartment blocks or towering high-rises. You can also purchase a traditional house in Malta’s towns and villages or a country villa in Gozo. If you’re a first-time buyer, you can also find affordable houses for sale on the website Dhalia.