Published on 09 April 2006 at 01:19 pm
Filed in Property News for Malta » Malta Investment Property Prices
Malta has one of the most successful property markets in the Europe Union according to the European Mortgage Federation which revealed last week that Malta investment property prices rose by 18% in 2005 - this is excellent news for those who have committed to the market already…
…and for anyone seriously considering committing to the market, Malta investment property prices are again set to rise in 2006 with potential for growth being boosted by the introduction of more low cost flights to the island which will increase its accessibility greatly and make it more attractive to more people.
So far in 2006 investment property in Malta has been buoyant and prices have been continuing to rise. One of the factors continuing to fuel the investment potential from the property sector on the islands of Malta and neighbouring Gozo is the tourism market. The demand for private accommodation to let out in the form of villa and apartment accommodation is intense throughout the long summer months on the islands, and many who are looking for the best investment sector prefer to target this particular market.
The good news is that tourism numbers visiting Malta are predicted to rise in 2006 and beyond as the island becomes more easily, frequently and cheaply available from the UK and mainland Europe.
A further factor boosting the appeal of the island is the rapid and successful development of the economy in Malta. The advancing economic fortunes of the island have attracted increased numbers of companies to the island which is continuing to fuel demand for residential accommodation from the inward migrating professionals and also for commercial property in the form of office and light industrial space.
These developments present a property investor with greater and wider choice and offer them a chance to diversify their investment property assets in Malta across the commercial and residential sectors.
A final word on Malta investment property prices and potential should be given to the discussions relating to the creation of a ‘Smart City’ business centre in Malta. If it goes ahead the creation of the ‘Smart City’ will enable Malta to compete with major European business destinations in the fields of internet and technology. And if the plans for the ‘Smart City’ are realised this will result in a further economic boost in Malta and the investment property sector will definitely be benefited as a direct result.
