M
alta has emerged as a top destination for American expats, largely due to the introduction of its citizenship program. This influx of tourists and homebuyers has transformed Malta's dining scene, with 40 restaurants earning Michelin accolades in 2024. The number and quality of restaurants have increased significantly over the years, making it an attractive spot for travelers and investors.
Grahame Salt, director of Homes of Quality, a leading real estate agency in Malta, has witnessed the country's evolution firsthand. With his family's business dating back over 55 years, Salt has seen the market grow into one of Europe's most sought-after destinations. "We handle sales and lettings for residential and commercial properties, as well as offer property management and project management services," he explains.
The Malta citizenship program is a significant draw for Americans, allowing them to gain Maltese citizenship in 12-18 months with an initial investment of €700,000. Many investors continue to invest in the market, recognizing its strong potential and diversification benefits. The real estate rental market is particularly buoyant, with rental tax at a flat 15% and impressive yields.
Malta offers a unique blend of history, culture, and natural beauty, making it an attractive base for Americans looking to establish a European presence. For those planning a trip or considering investing in the market, here are some top recommendations from Salt:
Da Pippos is a lively trattoria-style restaurant in Valletta, serving Mediterranean cuisine with a fun atmosphere.
Lore and Fitch offers excellent steaks and homemade desserts, overlooking Spinola Bay.
The deMondion Restaurant, located on the rooftop of the Xara Palace hotel, boasts a Michelin star and stunning views of Mdina.
AKI is a stylish contemporary Japanese restaurant in Valletta, offering a vast selection of dishes and cocktails.
La Capanna, hidden in Marsaxlokk's fishing village, serves fresh seafood with a focus on local ingredients.
