Property in gozo is highly desirable, whether you’re looking for a permanent home or to make it a rental investment. You can find a range of properties for sale, from apartments and penthouses to farmhouses and houses of character. When deciding what type of property to purchase, consider your budget and lifestyle. For example, if you’re moving with children, it may be best to look for homes near international schools.
What make penthouses luxurious?
If you want to rent out your property, it’s important to understand the prevailing market conditions. Properties in Gozo are generally more affordable than those in Malta. They’re also steadily increasing in value, which means that they’re a good investment.
The majority of property in gozo is found in the capital city, Victoria. This area has some of the most beautiful palazzos and townhouses on the island. These edifices date back centuries and are considered among the most sought-after real estate in Gozo. Newer buildings can be found on the outskirts of the city, which offer modern conveniences and amenities.
Purchasing a property in gozo can be easy for EU citizens. However, it’s essential to check whether the property is freehold or leasehold. A freehold property is unencumbered, while a leasehold property comes with ground rent that needs to be paid for the life of the property.
Houses of character in Gozo are popular with tourists and expats who plan to spend their holidays here. They often come with historical features and are located in the popular villages of Xlendi, Marsalforn, Qala, and Mgarr.