Despite 91% of the applicants chose to rent property in Malta, the 9% of property buyers brought luxury properties in Malta averaging €959,000 euros per property. This is 2.7 times higher the average minimum requirement of €350,000
Since the inception of Individual investor program in Malta, a total of 115 properties purchased to qualify for citizenship by investment in Malta, according to the Fifth Annual report of Individual Investor Program published by ORIIP
Malta IIP, requires either by acquiring and holding one having a minimum value of €350,000 or by taking one on lease for a minimum annual rent of (€16,000).
Home sales in 2017-2018
Between July 2017 and June 2018 the value of the 25 purchased properties were purchased exceeded one million euros, averaging €1,184,020 per property.
Rented properties
A total of 718 home properties has been rented under IIP, with annual average rental value of €19,668.54. This translates to IIP tenants paying €1,639 euros per month renting a home.
Sliema and St Julians
72% of all purchased properties by foreigners were from Sliema and St Julians. Over 51% of properties rented also from these areas.
[vc_line_chart x_values=”2014-2015;2015-2016;2016-2017;2017-2018″ values=”%5B%7B%22title%22%3A%22Property%20purchases%22%2C%22y_values%22%3A%227%3B27%3B46%3B25%22%2C%22color%22%3A%22peacoc%22%7D%5D” title=”IIP Property sales”]
Since the launch of the scheme in 2014 a total of 833 successful main applicants have been approved under IIP scheme, 115 properties sold and 718 properties rented, adding to total of 833 properties equals the number of applicants approved. Malta requires a registered home address to qualify for citizenship in Malta.
