It’s always exciting when Malta gets mentioned in the international press. In this case, the Wall Street Journal recently published an article detailing Malta’s property landscape through the eyes of a US family who recently relocated here.
The Kellys relocated to the island at retirement because of its central location, good weather… and the chance to become EU citizens.
Now, we’re all aware of the incentives that drive foreigners to come to Malta, including the opportunity to gain EU citizenship when buying property.
But what we didn’t know was that people actually refer to the areas from St Julian’s to Gżira as the “Golden Mile” which apparently has “ancient churches and quiet residential neighbourhoods”. Hmm….
In fact, the whole article seems to romanticise Malta to its readership and comes off as one big buyer’s guide for foreigners.
By providing information on the property hotspots, accompanied by pretty photos and their approximate value, the Wall Street Journal sells Malta as the place to invest in.
And what’s more enticing than our strong property market? Low income tax and the opportunity to obtain EU citizenship, apparently. As long as you meet the criteria of either renting or buying property, then you’re in. The article even goes on to mention how the Kellys spend only four months of the year on the island and probably enjoy travelling around the rest of Europe thanks to their new-found citizenship.
Thanks to all this, the Kellys seem to be doing pretty well for themselves. Since moving here, they’ve set up a trading company, flipped a second property and have bought a third one, which they plan to move into this summer. They even sold their first apartment in anticipation.