Malta has long been sought after as the ideal holiday destination. However in recent years the island has seen a steady growth in foreign and local property investment in Malta. Property prices in Malta have not fallen in 40 years and the average appreciation value is roughly 8% per annum.
Fort Cambridge was declared a Special Designated Zone meaning that anyone, a Maltese Citizen, a citizen of another EU member state, a citizen of a country outside the EU or companies owned by such, may invest in any number of apartments without any form of restriction. The apartments may in turn be leased out to third parties on a commercial basis.
Malta also offers attractive residency conditions such as no property taxes, a lower stamp duty than the majority of other European countries, a tax rate of 15% on remitted income only for foreign residents and double taxation agreements with a number of countries.