Malta

Buying a property in Malta as a retirement destination is extremely popular, especially among the British. Its climate, the wide use of English, the high standard of living, relatively low cost of living, and the very low crime rate make it an attractive destination.

Malta also has Double Taxation treaties with 34 other countries. People from these countries who retire buy property in Malta to retire here can have their pensions sent to them free of tax in their country of origin, and will only pay 15% tax on their pensions in Malta, if they have permanent residence status. It should be noted, however, some of the treaties do not cover civil service pensions or other pensions paid in respect of government services. Stamp duty on property is only 5% and so lower than that which is applicable in countries such as Spain, Cyprus, Portugal and France.

When buying a property in Malta one can transfer pensions freely from any EU member state. Property in Malta has proved to be an excellent investment with appreciation averaging more than 8% between 1970 and 1990 and 20% per annum between 1990 and 1997.