he Mediterranean island of report that the first quarter of
Malta has recorded the 2006 has seen a good level of
strongest growth in activity, with the top end of the
property prices from countries in market seeing particularly good
the European Union, and recent performance levels.
news could help see property
inflation in double figures for ‘The first couple of weeks of
the next few years. January were slower than the same
period last year’ comments
Figures released by the European Michael Johnson, Tribune’s
Mortgage Federation show Malta’s Managing Director, ‘but since
rise of over eighteen per cent then the number of sales has
was higher than both France and matched last year – a very good
Spain. one – but villas with an asking
price of a million Euros and more
Two EU countries, Germany and has seen increased activity, and
Austria, saw house prices drop, a good number of sales’.
while Portugal, Greece and the
Netherlands were barely into Malta Hotels and Holidays
positive territory.
The independent information site
And property insiders on the for holidays and hotels in Malta
island are predicting that strong http://www.yourmalta.com also
growth could be around for a few report increased interest in
years yet, giving Malta the their property pages compared to
potential to be seen by investors the first quarter of 2005, with
as a good place to buy. the number of page views
increasing by nearly a third.
Tribune Properties who specialise
in property for sale in Malta Sustained property inflation at
levels seen in Malta are rarely holiday island with a modern
seen in other countries, but new infrastructure and high tech
economic activity on the island friendly business in a low tax
could see property demand at good environment, today’s property
levels for some years to come. prices could look like a bargain
in five years time.
A new ‘Smart City’ is planned
which could see Malta competing The introduction of low cost
with the rest of Europe as a flights to Malta from the UK will
business destination for internet open up the possibility of more
and other high-tech companies. buyers looking at the island for
English is spoken fluently in holiday homes that could be used
Malta, and coupled with for long weekends, and the Malta
relatively low salaries locally hotels industry could reap the
it is hoped that inward benefits of the 3 and 4 day
investment and 5000 new jobs will tourist seeing the island as a
help the Maltese economy which in viable place to visit.
turn will boost the property,
hotel and holiday markets. Malta has traditionally seen the
majority of her visitors from the
The tourist industry is vital to UK, but this could be changing to
Malta’s economy, and it is hoped a more diverse mix in future
that the arrival of low cost years.
airlines providing new flights to
Malta will benefit the Malta Last year saw a record number of
holidays industry as well as the visitors from Italy, and
many hotels in Malta. increased enquiries have been
received at estate agents across
If Malta can combine the the island from Scandanvia,
attractions of a Mediterranean Holland, France and Belgium,
helping to increase the demand world, property agents, hotel
for Malta properties. owners and the Malta holidays
industry are beginning to see the
After some years of wondering how future with some optimism.
Malta would fit into the modern
About the Author:
For an independent guide to Malta visit http://www.yourmalta.com For Malta properties visit Malta Property.
Read more articles by:
Roger Munns
This article is distributed by: www.iSnare.com 
