Gozo real estate is a desirable investment for those seeking a different lifestyle. Properties here are generally less expensive than those in Malta and the island’s capital, Victoria, is filled with palazzos and townhouses that can be found for sale or rent.
Are penthouses soundproof?
A recent study on the real estate market by Djar and EY suggests that property prices in Gozo rose at a rate significantly higher than those in Malta in the last quarter of 2022. However, the average asking price for a traditional Town House in Gozo is still lower than that of an apartment in Malta.
Farmhouses and houses of character are one of the fastest growing sectors in gozo real estate as people seek to relocate permanently or invest in a holiday home in a picturesque setting with a rich culture. These older properties are in short supply and demand is high, especially for those that have been well-renovated.
There are also a number of new lock-up-and-go apartments in the market which are popular with investors looking for a good return on their investment. These are often located close to the sea or with a view and can range from a small two bedroom apartment to a seven bedroom, high-end penthouse. Those looking for something in between may wish to consider a Gozo villa, many of which come with private gardens or pools. These are perfect for those that love to entertain and are often located just minutes from quiet seaside walks or quaint countryside towns.