I want to invest in… Malta
Malta is an increasingly popular destination for South Africans looking to invest abroad. Property owners in the Mediterranean archipelago are granted citizenship within 12 to 14 months, which is then followed by full access to the EU, according to Lance Cohen, luxury market agent for Seeff Atlantic Seaboard. Investment starts from €200 000 to €250 000.
The Maltese islands offer close proximity to Europe and the UK, and, with its temperate climate, it makes for an attractive holiday destination in the region. In addition, ‘there is a bustling community of expats who work on the island and it offers an attractive Residence and Visa programme for South Africans,’ says Cohen. ‘You can, for example, relocate there or alternatively invest in a holiday or retirement apartment that comes with residency and ease of movement across Europe as part of the package.’ This converted country house (see above) in the village of Gharghur is surrounded by 5 000m2 of land.
The property includes a pool, orchard, vegetable garden and water features, and is on the market through Homes of Quality for €6.5 million, in association with Seeff Properties.
– Homes of Quality +356 2342 0000 homesofquality.com.mt
– Seeff Properties seeff.com
– IP Global property investment ipglobal-ltd.com
– Monarch & Co monarchandco.com
– Lonely Planet travel guide lonelyplanet.com/malta