Most people will have heard of Malta, but how many will have heard of Gozo, its’ smaller sister island.
Residents are known as Gozitans rather than Maltese - and are regarded as a rather strange bunch by the mainland residents of Malta itself – and vice-versa!.
This is in part due to the much more rural nature of Gozo.
Thought to be the legendary isle of Calypso that features in Homer’s Odyssey, it remains Malta’s slightly stand offish and retiring sister isle - occupying less than 100 square kilometres of the Med.
If quiet is what you crave, then Gozo is the place to head.
Gozo has a climate and scenery to die for - set against the backdrop of the remains of thousands of years of history.
For those who are drawn to the sea, swimming, diving, yachting, windsurfing and motor sports are all within arm’s reach.
For those of a more historical bent, there are Baroque churches, the oldest freestanding temples in the World, Forts and ancient villages – and of course the Citadel in the capital Victoria to explore.
For those who just want the World go by, there are sandy beaches, spas and old stone farmhouses – many with very modern swimming pools!
Gozo is also perfect for walking, cycling and climbing.
The locals know how to enjoy themselves to with a plethora of bars, good quality restaurants and nightclubs
The property rental market on Gozo is strong, as the island is a magnet for both the Maltese and overseas visitors alike. Tourism in both Malta and Gozo has seen strong growth in the last 4 - 5 years from across Europe, Scandinavia, The Middle East and even the US - driven by a new network of low cost air flights.
Off plan developments exist, such as one at the popular seaside resort of Marshalforn. With most properties enjoying sea views, 107,000 euros for a 2 bed apartment represents excellent value – but remember that you will have to pay the finishing costs.
A number of very select apartment developments are also taking place on Gozo.
Stunning views are the major feature of a unique development at the historic Fort Chambray which overlooks the main harbour – that links Gozo with Malta. The Fort provides an amazing backdrop and is over 300 years old. Prices here start from 315,000 euros for a 2 bed ground floor maisonette with pool!
Hal Saghtrija is more than just a property development. It offers a unique living experience for those looking at buying a property in Gozo. This development is set in just over 3 acres of land, most of which consists of landscaped gardens and cultivated fields. Apartment owners can enjoy the fresh produce from the fields which are part of the property. Prices start from 276,000 euros for a 3 bed apartment.
Tal General in San Lawrenz – has apartments that all face south and have views ’to die for’ in one of the best shore locations on Gozo. Prices start from 220,000 euros for a 3 bedroom apartment – but again finishing is on top.
For those looking for something out of the ordinary there are currently, a number of converted farmhouses and houses of character with pools for around 350 - 400,000 euros. These represent excellent value for those looking for traditional character in a modern setting.
Regular ferry, helicopter and seaplane services link Gozo to the mainland. There has been talk recently of a tunnel between Gozo and the mainland, but this looks increasingly like pre-election spin.
Ray Woods from www.maltabuyproperty.co.uk told us, “Gozo remains an undiscovered haven for many potential investors and those looking for a retirement or holiday home. Its’ quiet rural location does not appeal to everyone, but for those who seek privacy and relaxation, it is perfect.
Finance is readily available on Malta and Gozo – subject to status and the banks are in good shape. Both HSBC and The Bank of Valletta (BOV) offer competitive finance.
English is taught as a joint first language from primary school - and this has influenced many well know companies to base their operations in Malta and Gozo.
The islands are members of the EU, are politically stable and have a noticeable absence of the extremes of weather and climate found in many other locations. The economy has been enjoying a sustainable level of growth over the last 10 years that is reflected in property prices - and is well-placed to withstand the current turmoil in the EU.
The proximity of Malta and Gozo to Italy and the North African Coast and mainland Europe makes them an ideal base. Sicily and Mount Etna are only 90 minutes away by high speed ferry. Cruise liners are a familiar sight in Valetta, Malta’s capital – as are the super yachts of the rich and famous.
The exponential growth in flights has helped to increase demand for good quality property for rental purposes and those looking for a top drawer flop pad with marina access.”
For more details of property availability, go to www.maltabuyproperty.co.uk. Or email firstname.lastname@example.org.
Issued by: Ray Woods of www.maltabuyproperty.co.uk Tel +44 121 373 2440
UK based www.maltabuyproperty.co.uk was founded by Ray and Elaine Woods who have owned their own property on Malta for 10 years and they provide advice and guidance to others aiming to do the same.
They work in association with Malta’s largest agency, Frank Salt Real Estate.
High Res photos are available of the above developments.
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