For a long time I thought non-EU nationals can only buy property in certain designated areas. These are in principle "luxury" properties which are otherwise not really accessible to the regular Maltese person anyway.
But according to a times article today, in 2025, 741 of these properties are outside of these zones. That’s over 5% of total properties sold in Malta. What’s more worrying is that this trend seems to be increasing.
This means that Maltese people are starting to be out-priced, not by EU citizens, but non-EU multimillionaires. In the same article the PM seems to be defending this as good investment.
The government spends money enticing wealthy people to buy property here and drive up the prices. Given our size and current conditions, isn’t the government just wanting to sell off the island to foreigners?
Does Malta really need this investment while young people are struggling to purchase property and find their feet?
With an election around the corner, I really think this should be up for debate.
https://timesofmalta.com/article/chinese-biggest-noneu-buyers-malta-properties.1123368
Posted by ChevalMallet
8 Comments
Wow, OVER 5% among ALL non-EU nationals! Now let’s look at Portelli or the other Maltese businessmen who buy up housing and make the rents go sky-high or house prices higher than any normal Maltese couple could ever afford.
It will keep going up. Labour pushing for Chinese buyers and the Chinese will buy it to get Schengen movement, even though they wont live here
A person living in Malta, EU or non-EU, should be able to purchase a home in Malta if they wish to do so.
Removing this right relegates non-EU people as second class citizens, a service class, and can push the state into becoming an apartheid state and cause discontent and problems.
What I DO NOT agree with is the government actively marketing property to wealthy non-EU investors abroad. That is only benefitting property developers and simply reduces the housing supply and makes property even more expensive, apart from the fact that many of these properties sit idilly or are resold at higher prices for speculative reasons.
What’s worse for Maltese people is the fact that, we do not have property taxes, especially for third, fourth etc. properties that are hoarded by some investors and the fact that we have no laws dis-incentivising property speculation, which is rampant and driving prices to obscene levels.
Its just greed . We just let the labour and their thugs kill us. Imma basta jkollna l flus ghal pizza tas sibt.
Instead of taxing the hell out of them for 10 years and then they have to leave no we let em here.
So if I, citizen of an non-eu country , want to buy a flat after living in Malta for 6 years and planning to stay indefinitely because I hope to own my home, is that wrong?
This is what the majority keep voting for. Why don’t you enjoy guys?
Iva, ghax ahna sinjuri zghar
and then there’s the other side of non EU people, people who barely make it to survive, are thrown away on the ultrarich Non EU people group so they have to pay unnecessary taxes and extra fees