Gozo offers a range of different property options including ‘houses of character’, town houses and traditional farmhouses. Many are centuries old and have been carefully restored with attention to detail preserving their original features and charm. This type of property is a favourite for those wanting to live permanently on the island.
Where is the best place to live in Gozo?
Newer buildings often reflect the history of the islands and are sympathetic to their natural surroundings. You can also find apartments and penthouses in a number of locations on the island. The demand for property gozo is growing fast as more people work remotely or as digital nomads, and this can only increase the popularity of the destination.
Regardless of whether you are purchasing for investment or as your own permanent home, a property on Gozo will provide excellent rental returns throughout the year. Farmhouses with pools are a popular option and bring in good sums during the summer months while apartments rent out to both tourists and locals all year round.
As with all purchases of property abroad, it is important to have a clear idea in mind as to your budget and what you are looking for. A good estate agent will listen to your requirements and only show you properties that meet those needs. They will also explain the buying process and requirements relating to AIP (Approval in Principle) which differ based on your country of origin. There is no land tax in Malta and only stamp duty is payable on your purchase.