Purchasing Real Estate in Gozo01 Dec 2017
When looking for property for sale in Malta, it’s easy to overlook the considerable number of options available on her smaller sister island of Gozo.
Buying real estate in Gozo could well be a savvy investment, however, particularly as the island’s spectacular landscapes, authentic Mediterranean lifestyle and rich history continue to attract those who seek the more peaceful pace of life found in this quieter version of Malta.
Here’s why, as an investor, you should consider purchasing property in Gozo.
Lower Property Prices
The real estate market in Gozo generally enjoys significantly cheaper prices than equivalent properties for sale in Malta. This means that your budget will stretch that bit further in Gozo, adding on luxury amenities to your property that you might not find elsewhere, such as a private pool, outdoor space or extra bedrooms.
The Gozitan Lifestyle
With a small size and an even smaller local population, the lifestyle found in Gozo is richly traditional but far more relaxed than that experienced in Malta.
As a result, many Maltese purchase second holiday homes in Gozo, to make the most of the summer months amidst Gozo’s signature safety and peace, as well as the stunning natural beauty and facilities available on the island. When not staying in these properties, Maltese owners often rent them out to holidaymakers for extra income, recognising that owning a property in Gozo is a lucrative long-term investment in a strong market.
It’s Well-Connected for Business
With a regular ferry service to Malta, Gozo residents can also benefit from all the extensive business and travel options available from the mainland.
Businesspeople especially will appreciate the rare opportunity to live in the quiet countryside or on an idyllic seafront, and yet have an easy, quick commute to the many business areas found in Malta, as well as the International Airport which offers direct flights to most of Europe, Africa and the Middle East.
If you are considering purchasing property for letting purposes, then Gozo is the ideal place to buy, as its many attractions provide a steady stream of tourists who are looking for short-term rental opportunities for an extended holiday.
Visitors are particularly drawn to Gozo for its extraordinary history that is marked with stunning architecture and multiple sites of historic interest, including some UNESCO World Heritage Sites. This cultural hotbed is supported with a variety of regular performances in the local opera house, and many contributions by resident artists, musicians and writers.
Expat Haven and Retirement Retreat
The quiet, sun-soaked lifestyle by the sea that is on offer in Gozo has made it especially attractive to foreign nationals as well as retirees. As with tourists, this has meant that rentable real estate in Gozo is very much in-demand by these groups.
Property for Sale in Gozo
Gozo has a variety of property for sale, from the luxurious and modern to the charmingly traditional. Farmhouses and houses of character are abundant, which almost invariably offer breath-taking views and seafront access. Likewise, there are apartments which are part of one of the more recent building developments, that afford residents with the latest in luxury living. Whatever your tastes, budget and long or short-term plans, your RE/MAX agent can guide you through the property for sale in Gozo that would make an excellent investment opportunity.