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Find out more about Special Designated Areas in Malta
Malta has several Special Designated Areas (SDAs), which the Maltese government has designated to promote investment and economic activity. These areas offer several benefits to investors, including purchasing property without needing an Acquisition of Immovable Property (AIP) permit. This is similar to acquisition rights granted to Maltese citizens. Once purchased, property owners may also freely lease or rent the property.
Special Designated Areas (SDAs) is a status granted to qualifying developments of apartments and penthouses, that allow both EU and non-EU nationals to purchase property in Malta with the same acquisition rights as Maltese citizens and without the need to obtain an AIP permit (Acquisition of Immovable Property).
SDAs in Malta are highly sought after for several reasons, making them a compelling option for property investment. Here’s what makes SDAs special:
High Standards: Properties within SDAs are built to high standards, often featuring modern designs, luxurious finishes, and premium amenities. These developments are meticulously planned to offer residents a comfortable and upscale lifestyle.
Prime Locations: SDAs are typically located in the most desirable parts of the island, offering convenient access to amenities, entertainment, dining, and scenic views. These prime locations enhance the desirability and potential resale value of properties.
Luxury Facilities: SDAs often come with a range of leisure facilities such as swimming pools, gyms, spas, landscaped gardens, and even concierge services. These amenities enhance the quality of life for residents and contribute to the exclusivity of the development.
Legal Benefits for Foreign Buyers: Foreign buyers are often attracted to SDAs due to legal benefits such as the ability to purchase property without the need for an Acquisition of Immovable Property (AIP) permit.
This streamlines the buying process and makes investing in SDAs more accessible to international investors.
Growth Potential: Malta’s real estate sector continues to experience growth, and properties within SDAs are particularly attractive for investors seeking capital appreciation. Limited supply, combined with high demand, can contribute to steady appreciation of property values over time.
BENESTATES Ltd stands as a distinguished, licensed real estate agency in Malta, boasting a legacy for over 15 years. With unparalleled expertise in the local property market, we have expanded our reach with several offices strategically located across Malta and Gozo. We offer a comprehensive suite of services including residential and commercial property sales and lettings, development plots, property valuations, management and more.
Committed to excellence, BENESTATES continually raises the bar in Maltese real estate, setting new standards of professionalism, integrity, and customer satisfaction.
Experience the difference with us as your trusted real estate partner!
Find out more about Special Designated Areas in Malta
