Сообщение 06 авг 2019, 22:28

Chic and Cheerful - Living and Working in Sunny Malta - Inve

Jeffrey Buttigieg, Regional Director for Re/Max Malta, comments that: "Developers of high-end projects such as Portomaso and Tigne Point have had encouraging results throughout 2009, and are looking forward to a prosperous 2010. Those struggling are the developers of smaller, low-budget properties, though first-time buyers who were struggling to purchase a property previously are benefitting from the lower property prices and low interest rates."

For those looking to invest in a holiday home or rental property, he recommends that the focus for a property search should be in an area where resales are easy to achieve, in one of the Specially Designated Areas such as those mentioned above and also Ta Sellum, Fort Chambray on Gozo, and Pender Gardens.

The rental market in malta property is predominantly based in the fashionable St Julian's and Sliema area, with a good selection of seafront and inland apartments close by. This is the main centre of employment and entertainment on the island. "If you're looking for a luxury villa, you can widen your search to Madiena and Ibrag," says Jeffrey "but certainly, the number of buyers venturing into the niche market, such as 300-year-old farmhouses, has fallen and been phased out." Those in search of the true peace and tranquility offered by a more remote property are likely to opt for the island of Gozo.