Owning a second home in a Mediterranean island is a dream that is becoming a reality for many locals and foreign buyers alike. Many Maltese purchase properties in Gozo as a second home and choose to periodically rent these homes to foreigners through various international websites.

In Gozo there has been a significant increase of interest in new major developments which amongst others offer modern amenities such as a communal pool, access to landscaped gardens, parking facilities as well as internal security.

A price for a typical two-bedroom holiday apartment starts from as low as €80,000. Expect to pay around €120,000 for larger apartments, penthouses or apartments with country views.

Ensure that your lifetime investment is made wisely

A house of character with a good-sized courtyard starts from €175,000, while a farmhouse with pool and/or garden start from €300,000 upwards.

An unconverted farmhouse offers a good investment opportunity because the conversation turns the investment value upwards. An experienced estate agent will guide you, however it is important that first and foremost you speak with your bank manager.

You can rent out your holiday home for short lets while leaving a few empty slots for you and your family. This is especially attractive for farmhouses with pool, which offer a good rental return during the high season.

Another option involves renting your home on a long-term basis to help you finance your new investment during the first few years. In fact, several local banks offer a ‘buy-to-let’ loan package. Re/Max can assist the prospective buyer in renting out the property and even offers a property-management service which is tailored according to the client’s specifications.

The Re/Max Property Centre in Gozo has a large selection of character homes and apartments available both for sale and for rent. With the assistance of a professional Re/Max sales associate you will receive qualified advice to ensure your lifetime investment is made wisely.