Situated in the center of the Mediterranean Sea, Malta enjoys an excellent reputation for its splendid climate, friendly people, low crime rate, and superb quality of life. An attractive place in which to live or own a second home, Malta also has excellent air links.
The Maltese real estate market has, in recent years, been a European success story, experiencing five years of consecutive growth both in the number of properties purchased and the overall volume.
A nation of homeowners, Maltese people like to invest in property. This cultural perspective, together with the arrival of many foreign nationals, particularly from the affluent gaming and finance sectors, has created demand for property from both locals and foreign investors.
While the real estate market appears to be stabilizing, there is still demand for good quality property. Sliema and St. Julians are highly sought-after destinations to own property, featuring many popular restaurants and entertainment facilities. The seafront in Sliema and St. Julians is dominated by apartment blocks boasting sea-view properties, while traditional Maltese townhouses can be found along the streets of the coastline.
Valetta, another popular destination for purchasing property, is traditionally the commercial district, with very little residential property available. This is slowly changing, but due to its UNESCO World Heritage Site status and an abundance of beautiful old buildings full of charm and character, development in the city is very restricted.
Should you have any questions, or if you would like a detailed breakdown of the exact costs for your family, kindly contact us and we will be delighted to help you.
