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2 bed apartment in st Paul's Bay
Beautifully appointed 1st floor apartment with a side-on sea view served with a lift set close to Bugibba Promenade, 5 minutes from the sea, restaurants, nightlife, shops and bus stop. The layout ... Prices From: £125,000
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News Posted On: 01 June 2009
A combination of the credit crunch and infrastructure developments could bring Malta to the forefront of overseas property investment, it has been claimed.
The submarine cable link to Sicily, which is now likely to include a gas pipeline to fuel Maltese power stations, as well as the price drops caused by the international downturn make Malta an equally good short term opportunity to many of the emerging markets, according to Les Calvert, director of overseas property portal Property Abroad.
"Malta had its overseas property investment boom when it joined the EU, and prices grew rapidly during 2003 and 2004. The trouble being, prices grew so rapidly that Malta quickly lost the ability to compete with the new EU members and those coming onto the fringes of becoming members. The credit crunch has caused prices to fall and once again Malta is competitive price wise," he said.
"Combine that with the fact that the downturn has changed the way people look at overseas property investment; looking at individual properties, and the immediate area that the property is in to assess the growth potential and determine their exit strategy. The Malta cable link and possible gas pipeline will bring employment and cash into that region, and those who invest today can sell or rent to the people employed on the pipeline and in the power stations," he explained.
Property Abroad are currently advertising dozens of properties for sale in Malta, prices start from £75k.
Back to news articles for this country
Malta Property Could Benefit from the Downturn 2010-02-10 MAlta property lost its edge upon entry to the Eu and adoption of the Euro, the crunch could well gi.....
Malta Property Price Growth Strongest in Europe Says New Index 2009-12-09 Knight Frank's third quarter index shows a 9.7% year-on-year increase in Maltese property prices in .....
Malta Property to be Boosted by New Ryanair Flights 2009-09-22 Ryanair have announced new routes from Bradford to Malta, which will boost the property market.....
Malta Property Regains Competitiveness with Overseas Buyers 2009-06-01 A combination of the credit crunch and infrastructure developments could bring Malta to the forefron.....
Malta Property Worth a Look for Investors and Lifestyle Buyers 2009-04-07 Malta properties are worthy of investigation now as things start to pick up......
Buying property in Malta could be easier with new flights 2009-04-01 Overseas investors could find it easier to buy property in Malta with the introduction of more low-c.....
Property in Malta enters top 20 locations for overseas buyers 2008-12-29 Malta is one of the top 20 destinations for people purchasing housing abroad, according to a recent .....
Maltas economy grows over 3 per cent 2008-11-25 Malta has continued to experience economic growth in 2008, official figures have revealed......
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