Gozo property is an attractive proposition for many buyers who are looking for a second or holiday home or even permanent residence and want to enjoy a more tranquil lifestyle. It also offers a strong investment opportunity with property prices rising steadily over time. However, before embarking on a property search it is important to take precautions and have a clear idea of what you are looking for so that you don’t waste your time trawling the internet or getting frustrated with properties that have been sold.
The first step is to choose an good property agent that understands your requirements. They will be able to save you time by only showing you properties that meet your specifications and budget. They will also be able to advise you on local rules and regulations regarding buying property as a foreigner.
Gozo Malta Real Estate: Finding Your Island Escape
Next, decide what type of property you want. Apartments are very popular in Malta and Gozo as they are often cheaper than detached houses. They also offer excellent rental returns especially for short lets during the summer. Farmhouses with pools and luxury villas can yield good rental returns too, but are a little more expensive than apartments.
Detached houses are usually larger than apartments, and offer more privacy and space for family and friends to gather in. They also allow for more flexibility with the layout, and can be customised to suit individual tastes. The additional outdoor space that comes with a house, including gardens and terraces is another bonus.
…