Malta: a property investors paradise
There are many factors that make Malta a tempting choice for those who want to capitalize on property investment over the medium to long term. Both Malta's Economy and strategic position along with its previous membership as a colony of Britain significantly contribute to its positive property investment status.
Additionally, there is the obvious demand for property from an increasing population (Malta and the EU) over supply situation (physical restriction) making Malta a good solid market for international property investors.
Why is Malta a Property Investors Paradise?
- Visually Attractive – stunning scenery, architecture and Mediterranean Sea.
- Climate – Long, hot summers and temperate winters allow the holiday market to exist all year round.
- Laid-back friendly Nation – welcoming to visitors and foreign residents.
- Food and Drink – Excellent variety and quality.
- Good Variety of leisure facilities and beaches.
- Proximity to other European countries.
- Low unemployment.
- High GDP.
- Member of the European Union – property investors will benefit from EU financial Aid and improvements in infrastructure such as the current Road Improvement project underway.
- Introduction of low-cost airlines – affording multiple annual visits.
- Limited land mass – potential to profit from capital growth and strong rental demand.
- Almost 40% increase in tourism budget for 2007
- Possibility of oil exploration.
- Universally attractive – for retirees, holiday makers, those seeking a place in the sun.
- The Established Economy.
- Stable Government and political system.
- Influx of large international companies taking over the running of major projects such as Smart City
- Influx of internet gaming companies due to favorable tax regulations
- Luxury developments by consortiums.
- Excellent IT infrastructure – partnership between Government and Microsoft. E-government.
- One of the highest IT literacy rates.
From an investors’ point of view, the current and future prospects for the property market in Malta are very positive indeed. For the property buyer looking to make a good income and see the steady increase in the value of their property, Malta offers an ideal environment. The established economy means that while property prices are not a “steal”, it is unlikely to experience massive price increases or huge surges in the demand for property. Saying this, it is expected that if Malta joins the Euro, a small surge in the property market will be experienced.