Among the various tourist destinations that have always been most desired, but especially re-evaluated in 2019, we can not help but remember her, the smallest island in the European Union, which over the centuries, has suffered the artistic and cultural influences of populations such as the Phoenicians, Carthaginians, Romans, Arabs, Normans, Aragonese, Knights of Malta, French and English. Do you understand which will be the protagonist of today? Yes, we at Realigro have set our sights on Malta!
It is not only a perfect place to spend your summer holidays, but it could prove to be a viable alternative to everyday life. Have you ever thought that buying a property in Malta, in the medium to long term, could be the most important investment of your life? Be honest: before you take such a step, the questions are many. For this reason, we have decided to give answers to all your questions, to allow you to invest, finally, in the Maltese real estate market. So, if you are ready to take note of our advice, we can start!
Let's start with the basics, with the necessary documents to be able to access Malta. It is mandatory to have a valid document for expatriation, which is why, the identity card will be more than enough to pass the checks. There are no restrictions on the transport of large sums of money. The only precaution lies in declaring to customs figures higher than 10,000 euros.
Once the administrative hurdle has been overcome, the problem that will immediately come to your mind will be that of the language spoken. Maltese is the traditional language, (in addition to being the most widely used) but often, to deal with the many foreigners residing in Malta, is used English. So, even in this case, there will be no major communication problems!
Let's now get to the heart of our mini guide, trying to understand what are the costs to bear once moved to this land. To get a complete picture of the situation, we have included a small list of primary goods and services, with their prices. Let us remember that the national currency is the Euro.
Lunch or Dinner in the Restaurant 12,00 €
Lunch for 2, Three Servings 50,00 €
Lunch at Mc Donalds 8,00 €
Local beer (50 dl) 2,50 €
Milk (1 liter) 3.31 €
Bread (500 grams) 0,89 €
Rice (1 kg) 0,84 €
Eggs (12) 2,23 €
Local cheese (1 kg) 3,35 €
Chicken breast (1 kg) 3,00 €
Red meat (1 kg) 4,85 €
Single ticket (local transport) 1,50 €
Monthly pass 26,00 €
Electricity, Heating, Water, RSU (app. 85 m2) 77,47 €
We can well understand how Malta is indeed one of the European countries where the cost of living is truly affordable. What about the real estate sector?
For the rental of a property in the center of the capital, Valletta, you start from 805.53 € monthly. Otherwise, to sign a contract of sale, the prices range around 1,660.10 € per square meter.
What can I say, now you have no more excuses! All we can do is wish you a good trip!
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