Malta and Gozo - Investment property hotspots in the
Mediterranean
The island of Malta - the next choice for a home in the
sun?
Malta Property Market - Prices Of Real Estate Still On The Rise by :
Paul Symonds
Prices in the Maltese property market are still rising and rising
well at this time. In 2004 Malta was amongst the highest in the EU for
price rises and statistics indicate that these price rises are likely
to continue for a while. Statistics from the Maltese government also
show an increase of 16% from January 2006 to March 2006, with the
trend continuing upwards. Demand for property in Malta is plentiful
and if forecasts are correct, prices could rise between 8 and 10% more
this year; with buyers from countries such as the UK, US, Australian
and many European countries, continually interested in this
Mediterranean island's potential.
Demand for real estate, apartments and villas in Malta is buoyant this
year and the Malta government are thought quite likely to allow
developers to use even more land for building. In a country which is
the third most populous in the world, this may mean the island becomes
even less spacious although investors are expected to continue to snap
up properties.
Access to the island of Malta is always of importance to foreign
investors investing in Malta, and speculation still floats around
about the the possibility of Easyjet flying to Malta from 2008; a move
which could significantly increase the volume of visitors to Malta.
Tourists would suddenly be able to afford long weekends in Malta with
cheaper flights.
The prices of property and real estate in Malta could be affected with
the January 2008 situation whereby Malta will likely join the EU. In
the past, the price of property has risen quite well in many countries
with the introduction of the Euro, and others when they joined the EU.
When the Euro was introduced on January 2nd, 2002, the value of
property in countries such as Italy, Ireland and Spain rose very well.
Prices of properties in Sicily, Italy, for example, have risen on
average about 20% over the last 4 years. A different situation is
whereby countries have joined the EU and this has also had an effect
although less significant than previously expected. It was expected
that prices would rise dramatically as countries such as Hungary
joined the EU a few years ago. Prices have risen but more steadily
than expected.
With Malta and Gozo likely to join in 2008, it is certainly likely to
be a positive rather than negative for the Maltese real estate market.
With excellent weather and a relaxed pace of life, a lot of interest
exists in Malta and Gozo, with rental opportunities also excellent.
So, do not miss the boat - no pun intended!
About the author
Malta property -
Sicily property for sale Sicily property
Source:
www.articlecube.com
Why Invest In Malta? - The property And Real Estate
Market Situation by :
Paul Symonds
People think about moving to Malta and buying property for a variety
of reasons. So what are the benefits of moving to Malta and equally as
important, what should one be aware of? To look at the advantages first
of all. These include:
- A slower pace of life
- Warmer all year-round climate
- Low crime (compared to many countries)
- The island-style life
- Better education system for their children
- Affordable and rentable properties for sale, which can be rented
out year round
- Links to Tunisia, Sicily and mainland Italy by ferry
- Beautiful beaches, history and great food
- Now a member of the E.U. which is likely to result in increased
investment in Malta
These are all valid reasons for moving to Malta. You will be able
to be able to get much more for your money in terms of property if
moving to Malta and the education is, indeed, considered to be better
than in the UK. People generally also speak English although it is
advised you make every effort to learn Maltese so that you will
experience more of the local culture.
So what things should you also be careful about before moving to
Malta?
Consider that:
- It may not be easy for you to get a job in Malta
- Not everyone will speak English
- Malta is very crowded, with this country being the 3rd most
populous countries in the world
- Malta is very small. For some people too small
If you are planning to buy real estate, property or land in
Malta, these things should not put you off. But you should be aware
of these things. You might also want to consider the news concerning
the recent heat wave which has swept Europe and produced one of the
hottest summers in history in Europe. It has been so hot that a
study says that the heat could actually begin to have a negative
impact on tourism in the future; and this could include Malta.
The recent study, which was created by a joint British & Dutch
group, conclude that global warming is creating temperatures that
will mean that by 2050, summers such as the heat wave this summer in
Europe, will become commonplace. This in turn will mean that people
in Malta, and other Mediterranean countries, will start spending
holidays in places such as England, so that they can avoid the heat.
Tourism in other swords will see Northern European countries become
more and more popular.
About the author
Malta real estate and property
-
Malta and travel photos worldwide
Source:
www.articlecube.com