Gozo is stunningly peaceful and attractive, making for a welcome change from the hustle and bustle of neighboring Malta. Because of this. Over the years, Gozo has attracted a wide variety of tourists from all over the world who are looking for a relaxing weekend or longer getaway across the Gozo Channel.

With the new Gozo Fast Ferry Services, you may travel between Gozo and Valletta, Malta, in just 45 minutes and experience the best of both worlds.

Gozo's real estate market has been strong recently, and we think it'd be wise to invest in a piece of land there. Gozo is the ideal spot to look for a home because it has a large variety of homes accessible for any taste and budget, and your Investment should go further than in Malta.

When compared to Malta, real estate prices in Gozo are still rather low.

Advantages of Purchasing Real Estate in Gozo

If you're thinking about investing in real estate, Gozo is a great choice. The property market in Malta and Gozo is booming because to the country's thriving economy and continual intake of new residents.

The purchase of a home in Gozo often results in a rewarding rate of return.

If you intend to rent out your Gozo Property year-round, your return on investment might be anywhere from 5% to 8%, depending on the sort of property you buy. Your Gozo Property's appreciation in value is not reflected in these calculations.

People typically start looking for a place to live in Gozo because they have fallen in love with the island. like many well-known people do. For instance, Sir Billy Connolly. ​

Gozo had not altered in decades. In Gozo, you may enjoy life at a more leisurely pace and be surrounded by stunning natural scenery, making it an ideal spot to visit, live, or retire. ​

Regulations for European Union and Non-EU Property Buyers in Gozo

Foreign purchasers from all over the world can feel at ease when purchasing real estate on the islands of Gozo and Malta. Once individuals visit Gozitan and fall in love with the stunning landscape and easygoing way of life, they often decide that they cannot bear to leave. ​

Let's say you've lived in Malta or Gozo, both part of the European Union, for the past five years straight. If that's the case, you can buy many properties without any special permission.

It is also not necessary to obtain a permit under Chapter 246 if you are an EU member who does not intend to make Malta your permanent residence and who has not lived there for at least five years (set up home in Malta and Gozo).

There is a separate set of regulations in place for those who were born outside of the EU.

If you want to buy property in Gozo, you'll need an AIP (Acquisition of Immovable Property) permission, and that's only given out if you pay at least a certain minimum price for a property in Malta or Gozo. The bare minimum cost depends on the type of property, however; specifics are available upon inquiry. Obtaining an AIP from the Ministry of Finance can take up to 8 weeks.

Gozo Real Estate: Various Options

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On the island of Gozo, you can choose from a variety of real estate options.

Gozo's historic homes and farms have long been a major draw for visitors. Experts have updated many more throughout the years to provide amenities like modern kitchens and bathrooms, and even private pools for some.

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Apartments​

Apartments are plentiful on the island of Gozo, and they are consistently a popular choice due to their low costs and little upkeep.

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Maisonettes

Maisonettes in Gozo combine the perks of apartment living with the privacy of a detached home. Maisonettes, which are common in Malta and Gozo, are larger than apartments but still have their own entrance.

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Townhouses

Marsalforn and Xlendi are only two of the numerous picturesque examples that can be found in Gozo's coastal fishing settlements.

Townhouses in Gozita are typically Maltese in design and have a small yard and the distinctive balcony. Town houses in Gozitan often provide ample living area, privacy, and a handy location, with easy access to a variety of local services.

Historic and Unique Homes in Gozo

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Aged and unique Gozitan residences can have a history stretching back as far as 500 years; these properties, with their classic design and charming original details, make for wonderful places to call home.

All sorts of unique homes are up for grabs through Gozo Direct, whether you're on the hunt for a fixer-upper or a turnkey residence. The outcome is likely to be a unique and endearing piece of real estate that can be developed into a worthwhile investment over time.

Farmhouses

There is a strong argument that Gozitan farmhouses are the most desired real estate on the whole island. Many of these Gozo Farm Houses are hundreds of years old, but they've been renovated in recent years so that you may enjoy all the comforts of home alongside all the history and character that made Gozo famous. Stone walls, rustic staircases, and sometimes a substantial size that allows for a swimming pool and gardens make these homes ideal for hosting parties and other gatherings.

Recent Changes on Gozo

Lots of recent construction on Gozo has been built with consideration for the island's history and ecology.

Thankfully, Gozo has a drive to make sure that any new construction is eco-friendly and carefully planned. If you're looking for a Gozo home for you and your family, as well as a solid investment, Gozo Direct Property can guide you in making the right choice.