Malta's Individual Investor Programme So Far

FACTS & FIGURES, MALTA, MALTA LIFESTYLE, RELOCATING TO MALTA

5th November 2015

Malta's Individual Investor Programme So Far
137 IIP applicants granted citizenship in a year Officially published data related to successful applications for Malta's Individual Investor Programme (IIP) between July 2014 and June 2015 revealed the typical applicant's profile as well as figures related to these applicants' investment in Maltese real estate after being granted citizenship. It appears that between July of last year and June of this year, 137 applicants were granted Maltese citizenship while 75 letters of approval were issued. The typical applicant's profile is that of a self-employed, married person in their middle age, having a tertiary level of education and originating from the former Soviet Republic. The profile of the typical IIP applicant Having a look at the geographical region from which the applicants originated, it resulted that 55% of total applicants originated from Europe (45 applicants), followed by 15.9% from North America (13 applicants), 8.5% from Asia (7 applicants), 14.6% from the Middle East (12 applicants), 2.4% from the Gulf Region and the same number from Africa (2 and 2 applicants) and one South American applicant (1.2%). Further processing the stats, it is shown that 9 out of every 10 applicants were men, 52% were in the 46-64 age group while 43% were in the 25-44 age group and 2 out of every 3 main applications were inclusive of spouses. Real estate investment made by IIP applicants Taking a look at the real investment made by these applicants as part of the requirements set by the IIP, this amounted to €6.3 million worth of real estate purchases on a total of 8 properties. This gives an average value of €787,000 to each purchased property, which is well over the minimum required investment of €350,000 in immovable property. The majority of these properties are located in Sliema. With regards to leasing, 4 out of every 5 applicants opted to lease residential property, amounting to a total of 36 properties. The combined value of these amounts to €4.3 million, or an average annual lease of €119,000 on each property. This greatly exceeds the minimum threshold of €16,000 annually on each property. From an economic point of view, the IIP seems to be  yielding positive returns so far, particularly when considering the high numbers. It will be interesting to keep an eye on future stats and figures related to this programme. Commenting about the legal requirements surrounding publishing applicants' names, Dr. Ann Bugeja stated that despite the importance of publishing certain data, one must tread carefully as it is very easy for applicants to end up shying away.
Back to Archive

Share this Article

Malta Sotheby's International Realty

Launched on the Maltese islands in 2013, Malta Sotheby's International Realty had one clear vision and goal in mind – to offer our clients the highest level of commitment and quality of service in the high-end residential and commercial real estate market throughout the Maltese Islands. We derive our success from local expertise, professionalism, commitment, and discretion to meet any client’s needs. We understand the importance of finding a home that not only suits your needs but suits your vision for the future – a place that facilitates comfort, creativity and familiarity. We realise that a home is much more than a place to live - it is a sanctuary from where we build families and dreams. Our real estate professionals will guide you towards finding your ideal home throughout the entire buying and selling process. The culture of Malta SIR is defined by our knowledgable and dedicated diverse team which spans over multiple nationalities, whether you are a vendor or a buyer we speak your language.

The listing information set forth on this site is based upon information which we consider reliable, but because it has been supplied by third parties to our franchisees (who in turn supplied it to us) , we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. All dimensions are approximate and have not been verified by the selling party and cannot be verified by Sotheby’s International Realty Affiliates LLC. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information.