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Purchasing Property in Gozo

Buying property in Gozo

Gozo, a picturesque island located in Malta, is a hidden gem waiting to be discovered by property investors and buyers alike. Known for its stunning landscapes, rich history, and vibrant culture, Gozo offers a unique blend of traditional charm and modern amenities.

History

Gozo has a long and fascinating history, with influences from various civilizations including the Phoenicians, Romans, Arabs, and Knights of St. John. This rich heritage is reflected in the architecture and culture of the island, making it a truly special place to own property.

Gozo Ferry

The Gozo Ferry provides easy access to the island from Malta, making it a convenient location for both residents and tourists. The short ferry ride offers breathtaking views of the Mediterranean Sea and the surrounding islands, setting the tone for a relaxing and enjoyable stay in Gozo.

Beauty

Gozo is known for its natural beauty, with pristine beaches, crystal-clear waters, and rolling hillsides dotted with charming villages. Whether you’re looking for a beachfront property or a countryside retreat, Gozo has something for everyone.

Lifestyle and Attractions

The laid-back lifestyle in Gozo is perfect for those seeking a peaceful escape from the hustle and bustle of city life. From exploring ancient ruins and historic sites to enjoying water sports and local cuisine, there are endless opportunities for relaxation and adventure on the island.

Whether you’re interested in buying a property in Gozo as a holiday home, investment opportunity, or permanent residence, there are plenty of options available to suit your needs and budget. Browse our listings for properties in Gozo for sale and to let, and start your journey to owning a piece of paradise in this beautiful Mediterranean island.

Property types available in Gozo

What property types are available in Gozo?

If you are looking to buy or rent a property in Gozo, you have come to the right place. Gozo, a small island in Malta, is known for its stunning landscapes, rich history, and laid-back lifestyle. Whether you are looking for a farmhouse with a pool, an apartment with a view, or a villa with all the amenities, Gozo has something for everyone.

Types of properties found in Gozo:

  • Farmhouses with Pool: Experience rustic charm and modern luxury in a traditional Gozitan farmhouse equipped with a private pool.
  • Apartments and Penthouses: Enjoy panoramic views of the Mediterranean Sea from a stylish apartment or penthouse in one of Gozo’s picturesque towns.
  • Villas with Pools: Indulge in ultimate relaxation and comfort in a spacious villa complete with a swimming pool and lush garden.
  • Houses of Character: Immerse yourself in Gozo’s unique architectural heritage by renting or buying a charming house of character with original features.

Whether you are looking for a permanent residence, a holiday home, or an investment property, Gozo offers a wide range of options to suit your needs and budget.

Property Prices Compared to Malta, The Most Popular Properties Selling

Market overview and prices in Gozo

If you’re looking for a peaceful retreat or a new investment opportunity, the beautiful island of Gozo is a fantastic choice. With its stunning landscapes, charming villages, and relaxed way of life, Gozo offers a unique property market that caters to a variety of needs.

Gozo Property Market and Prices

The property market in Gozo has been steadily growing in recent years, with more and more buyers discovering the appeal of this hidden gem. The prices of properties in Gozo are generally lower than those in Malta, making it an attractive option for both investors and those looking for a second home.

Gozo Properties for every budget

Gozo offers a wide range of properties to suit every budget and taste. From traditional farmhouses to modern apartments and luxury villas, there is something for everyone on this picturesque island. Whether you’re looking for a holiday home, a rental property, or a permanent residence, Gozo has plenty to offer.

Compared to Malta

While Malta is known for its bustling cities and vibrant nightlife, Gozo offers a more laid-back and tranquil lifestyle. The pace of life is slower on this smaller island, making it the perfect place to unwind and escape from the hustle and bustle of everyday life. With its beautiful beaches, clear waters, and rolling countryside, it’s no wonder that Gozo is becoming an increasingly popular destination for property buyers.

The Most Popular Properties Selling

Some of the most popular properties selling in Gozo include traditional farmhouses with stunning views, luxury seafront villas, and quaint village houses. These properties are highly sought after by buyers looking for a unique and peaceful retreat in the heart of the Mediterranean.

The Rental Market and Return on Investment

The rental market in Gozo is strong, with many property owners enjoying high rental returns throughout the year. Whether you’re looking to rent out your property to tourists or long-term tenants, there is a high demand for rental accommodation on the island. This makes investing in property in Gozo a smart choice for those looking to generate a steady income stream.

Unique Opportunities to Purchase in Luxury Developments

Buying in a Special Designated Area in Malta

Special designated areas in Gozo offer appealing opportunities for non-Maltese investors. These areas impose no restrictions on property acquisition or utilization, including rental activities. This makes investing in property in Gozo a lucrative option for foreigners looking to capitalize on the real estate market.

Contrastingly, purchasing property elsewhere in Malta as a non-EU or non-Maltese citizen, or even as a Maltese citizen with less than five years of continuous residency, entails limitations. Individuals in these categories are typically restricted to acquiring one property for primary residence and must obtain an Acquisition of Immovable Property Permit (AIP) for any additional property purchases.

Furthermore, renting out the property is usually prohibited under these circumstances, making it difficult for non-Maltese residents to generate income from their property investments in Malta outside of designated areas like Gozo.

Fort Chambray, Ghajnsielem, Gozo

One of the most popular areas for property in Gozo is Rental ReturnFort Chambray in Ghajnsielem. This exclusive development offers luxury apartments and villas with stunning views of the Mediterranean Sea. The properties in Fort Chambray are perfect for investors looking for a high rental return, as well as for those looking for a holiday home or permanent residence.

Kempinski Residences, San Lawrenz, Gozo

Another special designated area for sale in Gozo is Kempinski Residences in San Lawrenz. This five-star resort offers luxury apartments and villas with access to world-class amenities, including a spa, restaurants, and swimming pools. The properties in Kempinski Residences are perfect for those looking for a luxurious lifestyle in a stunning location.

Vista Point, Marsalforn, Gozo

If you are looking for a property with breathtaking views, look no further than Gozo Vista Point in Marsalforn. This exclusive development offers luxury apartments and penthouses with panoramic views of the sea and countryside. The properties in Gozo Vista Point are perfect for those looking for a peaceful retreat with easy access to the beach and local amenities.

Thresholds Prices for Residency Vs Citizenship by Investment

Malta Vs Gozo, Residency vs Citizenship

How much do I need to spend in Gozo compared to Malta for Residency or Citizenship?

When it comes to purchasing property in Gozo, prices can vary depending on the location, size, and condition of the property. Generally, the cost of property in Gozo is slightly lower than in Malta, making it an attractive option for those looking for a more affordable investment.

If you are looking to apply for residence or citizenship in Malta Malta’s Individual Investor Program (IIP) , buying property in Gozo can still make you eligible, as long as the property meets the minimum value requirement set by the government. This requirement is currently set at €300,000 for properties located in Gozo.

Renting Property in Gozo vs Malta

For those who prefer to rent rather than buy, Gozo also offers a range of rental properties at competitive prices. Rental prices in Gozo are generally lower than in Malta, making it a popular choice for expats and tourists looking for a temporary place to stay.

Whether you choose to rent or buy property in Gozo, you will find a variety of options to suit your budget and preferences. From traditional farmhouses to modern apartments, there is something for everyone on this picturesque island.

For residency through property investment in Malta, the Malta Residence and Visa Program (MRVP) requires a minimum annual rental of €10,000 for properties located in Malta.

For citizenship through investment, Malta’s Individual Investor Program (IIP) requires a minimum annual rental of €16,000 for properties located in Malta.

Conclusion

Overall, Gozo offers a more affordable option for those looking to invest in property compared to Malta. Whether you are looking to buy or rent, you can find a range of options to suit your needs.

We hope that this has provided you enough knowledge to assist you in making a better decision about your investment, one which we understand is one of your important investments that you may make in your lifetime.

Do feel free to contact our office in Gozo for more information.

Apartments in Gozo Listings

Apartments for sale in Gozo

Gozo property developments & trends

Latest Gozo property

developments and trends

Although Gozo may seem more laid back and traditional, there are some new projects that are exciting which may influence you in buying property in Gozo. Such developments like Hal Saghtrija in Zebbug, comprise of 75 luxury apartments designed to resemble a typical Gozitan village and respect the heritage of the island. 

Our dedicated Malta real estate agents can keep you updated with the latest Gozo property developments, like Hal Saghtrija. JK Property agents are dedicated to provide the finest service possible in order to assist you in finding your ideal Gozo property and ensuring that your investment is worthwhile.

Gozo Farmhouses for Sale

Farmhouses for sale in Gozo 

Buying guides

Buyers Guide

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The Purchasing Procedure

Buying real estate in Malta and Gozo can be a stressful process. Discover the steps…

Ten Tips For First Time Buyers

Buying real estate in Malta or Gozo for the first time is always a great milestone…

Obtaining a Bank Loan

Learn all about the eligibility, documentation and steps needed to obtain a bank loan before…
Buying FAQs

Frequently Asked Questions

Can you buy property in Malta as a foreigner?

Yes, both EU and Non-EU residents can purchase property for sale in Malta. Read more about any procedures needed for such an investment. 

What is a ‘Konvenju’?

A ‘Konvenju’ or promise and deed for sale involves an agreement which binds the seller and purchaser to conclude the sale within a stipulated timeframe. Read more in detail about the konvenju before buying a property for sale in Malta.  

Are there any government subsidiaries for first-time buyers?

According to the latest budget, first-time buyers buying a property for sale in Malta can benefit from a lower tax rate for the first €200,000 of the property cost. Learn more about the government schemes first-time buyers in Malta may benefit. 

What are the extra expenses when buying a property for sale in Malta?

Before purchasing a property for sale in Malta, it is important to know of any extra costs that you may face. Read more about such costs before buying your future home. 

What is a sanction letter?

Only in the case of a bank loan is a sanction letter issued. When a sanction letter is provided, it indicates that the notary may continue with the study and that the loan will most likely be approved. Learn more about the bank loans available in Malta for those looking to buy a property in Malta.