What Makes Property In Malta So Attractive?
As might be expected, a popular holiday destination such as Malta has a number of segments to it's residential market. The high numbers of visitors creates an attractive market for investors that buy apartments and rent them in both the long let and holiday let markets. As the population continues to grow there is a very buoyant market for anyone that owns a property to rent in Malta. This helps to provide extra support to the prices of apartments in the most popular areas of the island, such as Sliema and St Julian's.
While the population of Valletta is relatively small, there are many fabulous residencies to be found. In recent years, there has been a trend towards restoring these old and protected buildings and creating designer living spaces for the affluent.
The Malta property market has another jewel: the high number of unique houses on the island. Known as a house of character, these properties often defy description. Many come with a pool, wonderful views, privacy and a long history, all built from our wonderful golden stone.
Who Is Interested In Maltese Real Estate?
There are a number of different groups of people that have an interest. Firstly, there are the Maltese themselves who need to both rent and buy for the long-term.
Secondly, there is a wide range of expatriates that come from within the EU to live on the Maltese islands. Many come for work in the gaming sector, others for the great lifestyle and still more to retire and enjoy the weather. Some nationalities seem to be more likely to move to Malta than others, with people from the United Kingdom, Germany and Sweden being most prevalent.
There are also some nationalities that are outside the EU that find Malta to be attractive. Chief amongst those are South Africans that use the country as an entry into Europe. Recent years have also seen increased numbers of buyers from Russia.
Such diverse groups of people help to provide an underpinning to real estate prices that has helped to provide stability in the market. When combined with a small, densely populated island, it is clear that the investment potential will remain very positive in the coming years.