Investing in Real Estate in Malta and Cyprus

Transcription

Investing in Real Estate in Malta and Cyprus
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The Social Capital Foundation
135 rue des combattants
BP 30, B – 1310 La Hulpe
Website: http://www.socialcapitalfoundation.is/TSCF/aboutus_realestate.htm
====================================
Contact: realestate@socialcapital-foundation.is
Telephone : +32 476 63 13 11
© The Social Capital Foundation 2012, All Rights Reserved /1
I. Mediterranean real estate in the current
economic circumstances
In the current economic climate, investors are looking for
safe investments that protect their long-term capital. Real
estate outperforms stocks and bonds over the long term
and is less volatile than commodities and financial market
investments. Gold is of course an attractive option, but
still is of no practical use.
The real estate market in the Mediterranean has been hit
by the recent financial crisis and sovereign debt crisis. For
example, prices in Malta have increased by 70% between
2000 and 2007 before falling by 20% between 2008 and
2011 and then began to increase again. The recent drop in
real estate prices creates interesting opportunities.
This market is all the more promising for investors as
prices are significantly lower than those in Europe for a
quality of the construction and finishing that is equal or
higher, while quality of life is superior by far to the one of
the major European countries.
In addition, the tax environment is very favorable. For
example, VAT in Cyprus is only 5% on the purchase of a
first home or a primary residence.
II. Why Invest in Malta and Cyprus?
 Smaller markets such as Malta and Cyprus offer more
stability for investors than larger markets such as
Greece and Spain, which are affected by strikes and
social unrest.
 The prices are lower than in the South of France or
Italy.
 These countries have democratic political systems,
unlike those of the southern shores of the
Mediterranean.
 They are members of the European Union, while
offering attractive offshore options.
 Unlike the Eastern low-cost countries such as Romania
and Bulgaria, they are not affected by chronic
corruption and speculation.
 These countries are safe, with rates of delinquency and
crime that are particularly low in international
comparison.
 Their air, ground and sea transport infrastructure is
excellent.
 In these two former British dominions, communication
in English is not a problem.
 The healthcare system too is excellent.
 The education system offers international curricula.
 These countries are active throughout the year.
 The climate is influenced by the sea and is typical of
the Mediterranean with hot, dry summers and mild
winters. The average summer temperature can reach
31° C (88° F) or more, and it allows beach activities
and yachting until November.
III. What kind of assets can an international investor
acquire in Malta and Cyprus?
A wide variety of properties is available on the market.
The Maltese or Cypriot traditional house – which can be
very modern inside - is an option, be it urban or rural.
Given the short distances, it is possible to live in a village
without being isolated.
New and modern buildings, luxury villas, apartments in a
marina... are other possibilities.
IV. How can an international investor buy property
in Malta or Cyprus?
TSCF analyses in detail the investor’s needs, including
their tastes, aspirations, plans, and budget.
We perform an in-depth search, both remotely and on the
spot, to identify 4 to 5 profitable investment opportunities.
This range of options is then submitted to the investor for
decision.
Our research identifies all key aspects of the properties
involved, such as their functional and structural
characteristics, the characteristics of the environment and
surrounding land, of the transportation system, supply
system, local culture and climate, and the legal and tax
conditions.
TSCF performs a preliminary legal review, so as to
identify beforehand all the terms and conditions and to
ensure the legal security of the operation, and we draw up
the legal acts required.
This is an all-inclusive, tailor-made service that allows
investors to find and come into possession of the property
of their dreams in optimal conditions.
Malta location map
Cyprus location map
V. Properties in Malta and Cyprus
Here are examples of properties that investors can buy in
Malta and Cyprus.
 House of character in Gozo, Malta
EUR 479,000
This recently converted three hundred year old farmhouse
is situated on the outskirts of a village overlooking the
evergreen Lunzjata Valley. The property consists of three
bedrooms, a fully equipped kitchen, an old mill room as a
sitting / dining room, two bathrooms (one of which is ensuite with main bedroom), a spare toilet, and a swimming
pool and deck area.
 Luxury detached villa near Paphos, Cyprus
EUR 3,275,000
A luxury stone built 6 double bedroom property with
pool, set in 9,000 square meters of private land in an
unequalled elevated position (250m above sea level),
10 minutes drive from the coastal town of Polis/Latchi,
and 15 minutes drive from Paphos.
The property offers unobstructed 360 degree views of the
Polis-Latchi coastline along to the Akamas Peninsula,
Droushia, Kathikas, also views of the Cedar valley forest
and the Troodos Mountains. This individually designed
property has top quality finishes throughout.
The property is entered via electric gates along its own
300m private stone walled drive, lined with palm, date,
pine and various other trees and shrubs.
 1400m² Penthouse in Saint Julian’s, Malta
EUR 10,800,000
The 1,400m² penthouse enjoys views of the Mediterranean.
It is located in the area of Portomaso yachting harbor in St
Julian’s, considered to be the most exclusive address in
Malta.
It benefits from several large terraces facing the sea of
which one features a private pool.
This property is finished and furnished to the highest
standard. It comprises 2 bedrooms, a living room, a
lounge room, a 100 ft living/dining area, a kitchen
equipped with state-of-the-art appliances, and a separate
breakfast area.
There is also a fully equipped professional cinema room,
study areas with terraces, a large games room with pool
table and various video games, a gym, a sauna and steam
rooms, a dressing room, maid’s quarters, lift, various
bathrooms/en-suites/guest restrooms.
The games room, gym and dressing room could easily be
turned into bedrooms to make a 5-bedroom property,
excluding the maid’s quarters.
The luxurious penthouse apartment comes with four car
parking spaces.
For anyone looking to buy luxury real estate in Malta,
this is without any doubt one of the most spectacular
penthouses on the island and in the whole Mediterranean.

Investing in Real Estate in Malta and Cyprus

Transcription

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