Sold prices - Gozo

kiwi dan Active member

Member since 02 September 2014

kiwi danActive member07 September 2014 07:39:16

Firstly, a hello and short introduction. Originally from NZ, and uk based for the last 14 years now considering a move to Gozo. Visited the islands many times and love the way of life Gozo offers, and looking to relocate while working from home for a uk based employer.

Is there any way of researching sold prices for Gozo properties (such as zoopla in uk)? While we would rent short term to get the feel for living there the aim would to be to live mortgage free with low outgoings, hence the desire to buy long term.

Thanks for all the useful info provided here, spend considerable hours researching the info everyone has written, it has all been helpful, interesting and much appreciated.

Regards, Dan

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GuestPoster566 ViP

Member since 18 October 2012

GuestPoster566ViP08 September 2014 05:34:52

3692

The only thing I can suggest is look at the move2Gozo website for a list of some of currently available properties and prices.

kiwi dan Active member

Member since 02 September 2014

kiwi danActive member08 September 2014 05:44:40

Thanks Mik, will do!

kiwi dan Active member

Member since 02 September 2014

kiwi danActive member11 September 2014 08:58:34

Thought this website may be of interest to some - not sure wether to post a link or not but here goes...

globalpropertyguide.com/Europe/Malta/Price-History

Overall, interesting reading based on villa and farmhouse prices - seeming rocketed during the early naughties, but as many have already detailed the market is saturated with empty/shell properties.

Will be interesting to see where the market goes over the next few year.

GuestPoster566 ViP

Member since 18 October 2012

GuestPoster566ViP11 September 2014 09:02:52

3692

The market is indeed saturated with approximately 76000 empty properties. Another reason to rent and not buy.

kiwi dan Active member

Member since 02 September 2014

kiwi danActive member11 September 2014 09:07:57

Depends I guess, if you can live mortgage free and see it as a long term move then it isn't that bad an idea. Particularly for tax purposes if escaping/cutting ties with the HMRC.

scubaboy Serial expat

Member since 06 February 2011

scubaboySerial expat12 September 2014 08:54:17

872

kiwi dan wrote:
Depends I guess, if you can live mortgage free and see it as a long term move then it isn't that bad an idea. Particularly for tax purposes if escaping/cutting ties with the HMRC.

Exactly, Long term move Buying is the way to go 100%, make a lot of the issues that people have on here a lot less hassle, easier to get the Residential tariff on Electric, easier with the e-residence... generally makes things simpler.

J.

Toon Cyprus Expert

Member since 04 June 2011

ToonCyprus Expert12 September 2014 12:59:09

10225

assuming you are 200% sure you want to stay for a long long time and that you are sure of the location....and accom type - and wont want to sell anytime soon.

kiwi dan Active member

Member since 02 September 2014

kiwi danActive member12 September 2014 15:31:31

toonarmy9752 wrote:
assuming you are 200% sure you want to stay for a long long time and that you are sure of the location....and accom type - and wont want to sell anytime soon.

A lot of people makes mistakes buying/over paying for property everywhere which they then get stuck with, or have to lose money to shift on. The problem with small markets is understanding trends and real value! I imagine knowing a local or two would be invaluable, and forming relationships 6-12 months before looking to buy.

Watching prices I have seen one place shift from e355k to 315 in the space of 3 weeks. Going to start paying attention to a few properties and see what they actually gets down to on varying website listings.

Understand where you are coming from and agree any house acquisition should never be a spur of the moment or uneducated purchase.