Malta has registered a strong rise in property prices from EU countries, and recent news will help see property inflation double in the next few years.
Figures released by the European Mortgage Association show that Malta's growth of more than eighteen percent is higher than that of both France and Spain.
The two EU countries, Germany and Austria, saw a decline in house prices, while Portugal, Greece and the Netherlands were just on positive territory.
And real estate insiders on the island expect strong growth over the next few years, making Malta a good buy for investors.
Tribune Properties, a specialist in real estate sales in Malta, reports that the first quarter of 2006 saw good activity and the market's top end performed particularly well.
Michael Johnson, managing director of the Tribune, commented that 'the first few weeks of January were slower than the same period last year', but since then sales figures have been comparable to last year - a very good one - but with a demand price. The villas increased in activity by one million euros and more and sold a good number.
Malta Hotels & Vacations
The independent information site http://www.yourmalta.com for vacations and hotels in Malta also reported an increase in interest in their property pages compared to the first quarter of 2005, with the number of page views increasing by almost a third.
Stable asset inflation in Malta is rarely seen in other countries, but new economic activity on the island could see asset demand at good levels over the next few years.
As a business destination for the Internet and other high-tech companies, Malta is planning a new 'smart city' to compete with the rest of Europe. Malta speaks fluent English and earns low wages locally, with inward investment and 5,000 new jobs expected to boost the Maltese economy, boosting the property, hotel and leisure markets.
The tourism industry is important to Malta's economy, and many hotels in Malta are expected to benefit from the arrival of new low - cost airlines that operate flights to Malta.
If Malta could combine the charm of a Mediterranean vacation island with modern infrastructure and high-tech-friendly business in a low-tax environment, today’s property prices could seem like a bargain over a five-year period.
With the introduction of low-cost flights from the UK to Malta, more and more buyers are flocking to the island for long weekends and holiday resorts that can be used for the Malta hotel industry for 3 and 4 days. Tourists can avail the benefits. Looking for a viable place to visit the island.
Malta has traditionally seen a lot of visitors from the UK, but it could become a more diverse mix in the coming years.
Last year saw a record number of visitors from Italy and increased inquiries from property agents across the island from Scandinavia, the Netherlands, France and Belgium to help boost demand for Maltese properties.
After a few years of wondering how Malta fits into the modern world, real estate agents, hoteliers and the Malta holiday industry are starting to look to the future with some optimism.
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