10 REASONS TO RETIRE IN MALTA
There are many good reasons to consider living and retiring in another country – better weather, healthier lifestyle, advantageous tax rates and an enhanced quality of life. Located in the centre of the Mediterranean Sea, just south of Italy, Malta offers the perfect home for those seeking a relaxed pace of living, rich history, vibrant culture, unique architecture, safety and almost year-round sunshine! Malta also offers an attractive retirement scheme for pensioners, known as the Malta Retirement Programme (MRP), where tax is applicable at a rate of only 15% on condition that applicants declare a minimum of 75% of their pension and 25% of their income.
Whatever your reasons for choosing your retirement destination, we have rounded up a list of our top reasons why you should select Malta to retire.
HISTORY & CULTURE
The Maltese islands share a rich history spanning thousands of years, with past inhabitants leaving astounding relics that offer a window into the past. The island has been ruled by the Phoenicians, Carthaginians, Romans, Greeks, Arabs, Normans and British, each of these cultures left a social, religious and political mark on the Maltese people. All those traditions and beliefs have all combined to create a culture all of its own unique to Malta, influencing the traditions, religion and food of the island. A perfect place to explore during your retirement, Malta has the greatest density of historic sites than any other country in the world, with a total of 3 UNESCO World Heritage Sites – the entire city of Valletta, the Ggantija Megalithic Temples preceding Stonehenge and The Egyptian Pyramids and the mysterious Hypogeum, an underground sanctuary which dates back to 3000 B.C. You can truly trace the history of human civilization that inhabited these ancient islands.
MEDITERRANEAN CUISINE
The food in Malta is hearty, rustic and delicious. The origin of the word ‘Malta’ is derived from the Greek word Miel, meaning honey. The island is rich with an abundance of natural produce from its famous golden yellow honey, local sheep cheese ‘gbejna’, cold-pressed olive oil and pure sea salt from the surrounding seas. An island rich with Mediterranean flair, the local cuisine has influences from Italy, Spain, North Africa and British. The typical cuisine of the island is traditional healthy, balanced Mediterranean diet consisting of seafood, delicious fresh fruit and vegetables, and infamous Maltese bread from the traditional bakeries. More recently, Malta has gained Michelin recognition, elevating the dining scene. You will be spoiled for choice when it comes to eating out in Malta, from Michelin-starred restaurants, popular trattorias, trendy brunch spots, upmarket bakeries and authentic hidden gems.
CLIMATE
Boasting an average of 3,000 hours of sunshine per year, Malta is one of the sunniest countries in Europe – and by some counts, the world. The pleasant weather encourages almost year-round tourism. The springs are sunny and mild, the long summers are hot and dry, autumns are mellow and winters are cooler but never freezing. With over 3,100 hours of sunshine per year and an average temperature of 23 degrees, Malta offers the perfect climate to truly enjoy your retirement.
ARCHITECTURE
For those who seek beauty in their surroundings, the architecture on the island offers much to be admired, combining an eclectic mix of cultural influences from around the world and reflecting elements from Baroque, Sicilian and Arabic influences. 17th-century Baroque has a particularly enduring impact on the architecture of Malta, especially in Valletta, which showcases opulent colours, large-scale frescos, magnificent ornate domes and arches. During the British period, Malta saw a huge rise in British classicism in architecture, with Malta’s natural limestone being the perfect material for this style. The Properties in the catalogue of Oyster Malta offer an array of architectural styles for you to choose from, including distinctively Maltese houses of character, traditional townhouses with Victorian-style bay windows, charming farmhouses set in the countryside, and inherently historic period Palazzos found in towns and villages, all selected by our skilled realtors by their quality in construction, style and location.
LIFESTYLE
Despite being the smallest nation in the European Union, Malta has a lot to offer its residents including history, culture, art, sports and recreation. In the warm weather months, there’s plenty of opportunity to swim, snorkel, sail, and kayak in the amazing blue waters of the Mediterranean. For sports and recreation, Maltese residents have access to an array of private membership clubs dotted all around the island – including the Royal Malta Golf Club, Royal Malta Yacht Club, The Royal Malta Polo Club and The Marsa Sports Club, which offers its members many sports from padel, cricket, tennis and squash. Make the most of the surrounding seascape during your retirement and take up scuba diving, enjoy the fascinating world of shipwrecks and caves. If you love all things nautical, there is a big sailing and yachting community on the island, with several luxury yacht marinas where you can charter a yacht or berth your own and enjoy sailing around the islands. The narrow streets of old villages are the perfect spots to stroll and discover the plentiful chapels and gardens. If you enjoy the arts, Malta hosts Europe’s third oldest working theatre, the Manoel Theatre, with various cultural evenings throughout the year.
LOCATION
Malta is situated in the heart of the Mediterranean. The island is easily accessible by land, sea, and air, and if you fly with Air Malta from one of its European destinations, it will not take you any longer than three hours to arrive. Furthermore, flights are regular and convenient, so despite its southern location, you can easily access the rest of Europe should you need to travel at short notice. Situated just 100 miles south of Sicily, the Mediterranean island offers incredible charm, from crystal-clear aquamarine waters to stunning historic cities.
LANGUAGE
Malta was ruled by Great Britain for 150 years, leaving behind a significant legacy of architecture, culture and language. English is one of the country’s two official languages, the other being Maltese, but English is most widely used among residents. All signs and official documents are in English, making life as an expatriate experience much easier.
EXPATRIATE COMMUNITY
The international community is significant in Malta – a cosmopolitan hub for people worldwide. A multicultural hub for people of all ages, Malta attracts people from all around the world. Unlike in other countries, there is a small community feeling, providing a sense of belonging and making the idea of being in a foreign country much less daunting. Making friends here with a cosmopolitan community of like-minded expats and retirees is easy.
HEALTHCARE SYSTEM
Despite its tiny size, Malta is widely known for having some of the best healthcare in the world. It consistently ranks well among all countries for overall healthcare services. There is public and private medical healthcare available. The main hospital is Mater Dei, which opened in 2007 and offers a full range of hospital and specialist services.
SAFETY
Malta is a safe, peaceful place for residents. Violent crime is rare. Malta is consistently ranked as one of the safest islands in Europe, with very low crime rates and frequent police patrolling. According to the 2019 Wealth Migration Review, Malta was ranked as the second safest country for women and the safest in Europe.
For any more information regarding retiring in Malta, kindly contact us by phone at +356 2138 4545 or by e-mail at info@christiesrealestatemalta.com.