Category — Malta Property

Malta remains an excellent place to invest in property and the country may be the success story of 2008, says a property specialist.

Property investment site MaltaBuyProperty.co.uk has welcomed recent press reports highlighting an EC review of Malta - that sees strong economic growth continuing through 2008 and 2009, a reduction in unemployment, an improvement in public finances, and a continuing growth in domestic demand.

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Malta and Gozo are experiencing a significant increase in tourist numbers on the back of various low-cost airlines commencing flights to the islands.From an Irish perspective, the launch earlier this year of direct Ryanair flights has made this a far more accessible destination.

The property market in Malta and Gozo is a mature and pretty expensive one, with mortgage finance readily available from local banks. It has tax advantages for the well-heeled and has attracted considerable attention from well-to-do Irish investors. As of last week Malta is using the euro as its official currency.

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