Houses of character display rare architectural features, are often located in village cores and they tell a story of past generations. Some houses of character in Malta and Gozo date back to more than 500 years. They are hard to come by and will never lose their value as the dwindling availability of such properties keeps pushing up their value. Over the years they have become most sought after properties.
As a buyer, if you are looking for a more spacious property, houses of character are much bigger, often including an outside space and have the added advantage of coming with the ownership of the roof and airspace.
Typically situated in the heart of a village, usually close to a church, houses of character are often in Urban Conservation Areas (UCA ), giving them a level of protection.
The government recently announced a scheme to incentivise owners to sell properties in these areas while attracting buyers. This budget measure waives stamp duty and taxes on UCA properties on the first €750,000 of the property’s value.