Property Investor information: Malta
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Property Investor information for: Malta
In the heart if the Mediterranean, you'll span the millennia with an astonishing array of things to discover. And wherever you go, Malta's scenery and architecture provide a spectacular backdrop. The colours are striking. Honey-coloured stone against the deepest of Mediterranean blues.
The country consists of Malta, Gozo, Comino and two small uninhabited islands. Its strategic position has drawn all of Europe's powers over the centuries. This is reflected today in the architecture, culture and history of the nation. Malta was a British colony until 1964 and many hints of British occupation remain obvious today.
All this, combined with the excellent climate, azure seas and Malta's proximity to major European countries and has also draw modern invaders - tourists and increasingly second home buyers. The British heritage often appeals to British retirees and many developments have been established to meet their needs. This industry alone provides interesting opportunities for property investors. However, other market stimulants are in place. Although the market slowed at the end of 2003 around the time of the budget, Malta's entry into the EU is likely to have a long-term, positive impact on the economy and the property investment market.
There are no particular regions on areas that provide the best opportunities. Being near the coast is always important, but on an island the size of Malta, that isn't difficult. The capital of Valletta is a stunning architectural feast for the eyes and has been the backdrop for a number of Hollywood blockbusters. Malta's many coastal and inland villages as pose good opportunities as do those in Gozo. The island of Comino has a tiny permanent population and has limited potential for property investment.
Popular islands always make interesting property investment opportunities due to the inevitable imbalance of supply and demand. Malta is not going to get any bigger, but its economy, tourist and second home industry are very likely to.
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