Buying property in Gozo is a great way to enjoy a more peaceful and quiet lifestyle. The small island is known for its unique cultural heritage and beautiful farmhouses. Unlike Malta, Gozo is much more rural and less populated. It is ideal for retirees, families with children or those who want a quieter lifestyle.
There are several different types of property for sale in Gozo. These range from cosy apartments to traditional farmhouses. The climate is similar to that of southern Greece and Italy, with warm and dry summers and cool, sporadically wet autumns. It is also ideal for scuba diving and snorkelling. The island is also a popular destination for festivals, with events taking place throughout the year.
Most of the property for sale in Gozo is residential, in residential blocks. These properties are generally located near the sea, in villages or the countryside. It is possible to buy flats as a whole block or as a single unit. These flats are also very easy to rent out and make an ideal Air BnB.
The Gozo real estate market is growing, and there are several different government schemes that make purchasing property easier. For instance, EU residents do not need permits to buy a primary property in Gozo. First-time buyers are also eligible for a generous government scheme. There are many advantages to buying property in Gozo, and it is an ideal destination for retirees, single people and families with children. However, real estate for sale in Gozo before buying property in Gozo, it is important to understand the legal framework.
If you are buying property in Gozo, you will need to pay a stamp duty. The amount of stamp duty depends on the area of purchase and your country of origin. You will also have to pay ground rent for the duration of your ownership. The only other type of tax is “use of roof”. If you own an apartment, you will be required to pay this tax if you do not have a roof.
Gozo properties are very affordable. It is also possible to buy luxury properties that have large, spacious living areas. These include villas with reception areas, dining rooms, ballrooms and standard rooms. These are very popular in Gozo and they are typically located in spectacular views.
If you are moving to Gozo with your family, you may want to live close to the sea. You will also need to decide whether you want to be near international schools or not. This will depend on your personal preferences. It is also important to make sure you clarify who owns airspace on your property.
The Gozo property market has a number of different types of property for sale, and you can find villas, farmhouses, townhouses and open land plots. It is important to check with your real estate consultant on your needs before buying. It is also important to ensure you purchase a property that is freehold.
The real estate market in Malta has been growing steadily in recent years. Many of the properties for sale in Malta are constructed in cream-coloured limestone and feature Mediterranean gardens. You will also find private swimming pools in many properties.