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Is This The Right Time To Buy  a Property in Malta???

It always seems to be! Says Stefan Consiglio, Manager at Pierre Faure Real Estate.

 

For all those first time buyers, foreigners seeking Permanent Residency in Malta, investors looking to take advantage of the rapid increase in rental prices or homeowners that are just seeking to upgrade their home. YES, this is the time to buy!!

We all know that over time property will always appreciate. Ever since I started my career in the Real Estate field 13 years ago, I always recall hearing the negative people talking about a bubble about to burst. So far, this hasn’t happened here in Malta. Yes there might have been a year or two where the increase wasn’t as large as other years, but Malta has yet to see a property bubble burst, and to be honest, I still don’t see it happening any time soon.  Bank interest rates have remained relatively low for a few years now  and the rental market is still extremely healthy, with prices still on the rise and demand still higher than supply.

Malta is a tiny island with land a true scarcity, but moreover it is one of the most populated countries in the world per capita and thousands of foreigners are still moving here annually. Some move here because of the weather, others because of the culture or friendliness of the Maltese people, others cause of the language or schooling, tax reasons or of late, simply because Malta is the iGaming and finance hub of the world. The place to be if that is your line of work. Whatever the reason, an increase in people moving to Malta will always result in an increase in demand for homes in Malta. There is an extremely good choice of property out there and this is definitely helping to keep the value of homes more competitive.

 

Rental returns a decade ago were a mere 3 to 4 % and you always had some vacant time in between finding “the right tenants.” Today properties in prime areas are never left vacant for very long and the normal yield is 5% with opportunities to invest with better returns also possible. So what more can one ask for?

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Pierre Faure Real Estate has a number of Good Value homes to offer in Malta which can get much better returns than any other types of investment, and that is not even considering the capital appreciated on the property’s value over even a small number of years. So what are you waiting for?  Send us an email or give us a call and we will assist you throughout the whole transaction, from finding the right property to leasing it out to qualifies tenants at a good return.

Summer in Malta

Summer in Malta?

One of the few places that come to mind when considering a summer trip, along with Mallorca, Ibiza, the Greek Islands and a couple more places is Malta. An island with fun and sun where temperatures between 25 to 35 degrees are almost guaranteed and you’re certain not to get bored!

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Holidaying in Malta is a good idea for many reasons besides the beautiful weather all year round. Malta is rich in culture and history, has a population that is multi lingual, enjoys some outstanding resorts as well as some of the best cuisine in the world and was voted as one of the safest places in the world as well as the best quality of life. Malta during the Summer becomes a place of many different types of activities, ranging from spending a lazy day at one of our many beautiful beaches, to an abundance of water sports and experiencing some of the best dive sites in the world to experiencing first hand any of Malta’s famous village feasts – there is one nearly every night!

Here’s what we suggest you do in Malta during the Summer..

1)      Visit as many of the beautiful beaches towards the north of the island as possible, mainly Golden Bay and Ghajn Tuffieha which are two beaches located right near each other or Mellieha Bay since it boasts shallow waters which make it perfect for families. If you intend on visiting Gozo, Malta’s sister island,  then visiting Ramla L-Hamra  – a definite must to witness it’s beautiful red sand. You must also visit Blue Lagoon due to its beautiful crystal clear blue waters since it’s only a quick boat ride away to Comino, the uninhabited sister island which is located in between Malta and Gozo.

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2)      Experiencing Malta by Sea is obviously a great idea as already obvious. We suggest chartering a boat for the day and going around the island, especially a visit to the Grand harbor or the remote Dingli Cliffs to the west. Try as many of the water sport activities available on the beaches already mentioned or if you’re less adventurous, grab a snorkel and mask and swim through all the beautiful old caves we boast on the Maltese Islands.

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3)      After a long day at the beach in the heat, we recommend that you visit one of the many brilliant restaurants along the Sliema / St. Julians front, one of the fish restaurants in Marsaxlokk or visit one of the many older style restaurants in the historical city of Valletta – a UNESCO world heritage city boasting some unique architecture.

4)      Throughout the summer, Malta becomes one of the coolest nightlife places in the world. People from all around Europe have realized that Malta’s partying scene has really grown throughout the years and hosts some of the world’s best dj’s and music artists coming to perform on our island at events such as “Isle of MTV” or “Creamfields” . There are other festivals such as Earth Garden, beer festival, Wine festival and Jazz festival which also make for a unique night out. Bars, Restaurants, Casinos and Night Clubs are in abundance, ranging from cheap, free entrance clubs to high end clubs such as “22” which is located at the top of the Portomaso Business Tower in the area of Paceville / St. Julians.

5)      Something else which is a must do in Malta in summer is visit one of the local village feasts. Nearly every village in Malta throws a feast for its locality once in summer. You can definitely expect loud bands, fireworks and church bells to be ringing throughout the night as people celebrate in the streets.

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6)      Visit Mdina – the silent city. Malta’s old capital is quaint and quiet, and traffic free. This fortified city is a true gem bursting with unique architecture and history. A walk through at night is definitely worth it and some of the restaurants enjoy spectacular views of the whole island, which complement the local wine very nicely.

7) Rent a farmhouse – Many agents in Malta offer the opportunity to live in a typical farmhouse. Rent a farmhouse with a pool in Malta & Gozo. The historical gems, sometimes dating to over 400 years old have been converted to accommodate the ever growing tourist industry on the island. Chill out in the sun by the pool with your favourite beverage and enjoy a relaxing holiday with the family in a typical Maltese abode.

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 Malta is ideal for all ages and there truly is something to do for everyone. Whats more, the island is pretty small and its easy to get around.

 

Brand new property websites for both Pierre Faure Real Estate and our sister company Malta Property Auctioneers.

We have spent the last few months brainstorming on how to service our purchasers and vendors better. Following our office move last month, to much larger Ta’ Xbiex offices, we focused our efforts on creating two brand new property websites for Pierre Faure Real Estatewho specialize in Sales & Rentals of up-market properties throughout Malta & Gozo and Malta Property Auctioneers, who specialize in selling property by Auction in Malta.

What we wanted are two fresh property portals, separate from each other but designed in a way that clearly indicate that both companies work hand in hand with each other. This is very important to us because we want our clients to know that the staff and team they trust at Pierre Faure Real Estate are the same team of professional and ethical members that work at Malta Property Auctioneers and vice versa.

Nowadays, the first thing one does when they are interested in renting or buying a property, home or rental investment is to go online and visit their favorite real estate agencies’ websites. They do this before communicating with the actual agency itself, so obviously, the property website is the first impression the client gets about the agency. We have worked on developing both websites to be as easy on the eye and easy to use as possible, since the last thing the client needs in today’s fast paced lifestyle is for a complicated property website. We have catered for simple search tools, with easy to sort results  together with larger images for better browsing.

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We have done our utmost to provide correct information, show large images and to make it as easy as possible for both locals as well as foreigners looking to relocate to Malta to understand all the different areas and luxury lifestyle developments in Malta, so that they may take a decision on where they want to purchase or rent, based on detailed and sound information. Our easy map tool should also help those who are not too familiar with where certain properties and village are located geographically.

We aim to use this blog to provide as much information as possible with property related news in Malta, such as new tax schemes and incentives that may come to practice from time to time.

We have been in the Real Estate business for over 25 years and have ample experience and knowledge about various parts of the industry. To remain at the top of the list of leading estate agents in Malta we now offer you the freshest real estate websites on the islands catering for both long term rentals as well as short let/ holiday homes in Malta. We hope you like the new designs and we are always open to listening to your feedback. Kindly send any comments to Justin@pierrefaure.com