Introduction to the Islands of Malta & Why buy property ….
The Maltese archipelago consists of five islands of which the three larger islands – Malta, Gozo and Comino – are inhabited. The Maltese Islands are situated in the middle of the Mediterranean Sea about 100 kilometers south of Sicily and 300 kilometers east of Tunis. The islands’ total area is 315 square kilometers.
The climate of Malta is of the Mediterranean type – warm and healthy, with a prevailing wind from the north-west. There are no biting winds, fog, snow or frost. Annual rainfall averages 550mm. The people of Malta have developed some distinctive characteristics over the centuries in spite of long periods of foreign domination. They are a peace-loving nation with a highly developed sense of hospitality and cheerful disposition.
The language of Malta is basically of Semitic origin. However, the language has been enhanced by assimilations from Italian and English. It is written in Latin script. The official languages are Maltese and English. English is also the main medium of official documentation in banking and commerce. Italian is also widely spoken in Malta.
A very special quality of life.
The friendliest English-speaking people.
A most enjoyable and relaxed Mediterranean lifestyle with a vibrant social life and a diversity of restaurants serving the most international dishes.
High economic and political stability.
Excellent medical services provided by a brand-new, state-of-the-art general hospital, private hospitals and private clinics.
Daily flights through Malta International Airport by leading airlines to and from 37 major cities across Europe, North Africa, and the Middle East.
Sophisticated telecommunications infrastructure with large-bandwidth networks providing high-speed services.
Abounding with history and cultural life.
Beautiful all-round weather, surrounded by crystal-clear blue seas.
Extensive sporting opportunities.
Education of the highest standard in English-speaking schools, complemented by the University of Malta.
Rich cultural and historical heritage.
Malta is now considered as one of the best and most secure investment locations worldwide.
No minimum-stay requirement for permanent residents.
Easy repatriation of capital-end income.
Favourable double-taxation agreements with key countries.
Rock solid banking with the presence of major international banks.
Source: Why Malta
Mortgages & Loans
Loans to purchase or finish a property may be obtained from all local Banks.
HSBC Bank Malta plc., Bank of Valletta plc., and APS Bank Ltd offer attractive Home Loan facilities to suit individual borrowers’ needs.
Leading banks offer the following facilities to home buyers
90% of the purchase price of completion costs
No early repayment fees
Interest-only repayment plans for the first 5 years (when required)
Flexible, tailor-made repayment plans of up to 40 years
Preferential interest rates ranging from 3.8% to 4.1%
Source: Mortgages & Loans Malta