As the Maltese economy continues to thrive, opportunities for employment have also increased; which has brought several professionals from across the globe to live and work in Malta. With that in mind, many people are now seeking to invest in the Maltese property market as a prime means of building their wealth and securing a financial future for their family.
Easier said than done, making money through investing in property in Malta takes time and requires a well-devised strategy to find the right rental investment property that will reap financial benefits.
Establishing a budget and crunching the figures is critical when buying an investment property in Malta. Planning and organisation are key, and failing to do so can result in some serious consequences. Cash flow or bank loans are indeed needed for an effective investment property strategy, so you better make sure that you’re doing it right.
Being able to afford long-term repayments is another factor that you must take into consideration, mainly because there is no guarantee that tenants will always be living in your property in Malta. Every now and again, when lease contracts expire, your Malta property may become a pretty lonely place until you find new tenants. Therefore, while you are not generating any form of income from your investment property in Malta, you may want to get your finances in order, just to keep things safe.
Farmhouses for sale in Gozo , buying a new build property or on plan:
As new developments are frequently being built, you may wish to consider buying a new build or on plan. The advantages of buying a newly built property are; that they can be finished to suit your tastes and needs, it’s brand new and no one has lived there before you and it will be built to your specifications.
Buying on plan can give you better savings of up to 10% with pre-construction prices and projects are usually ready within 18 months.