Tag Archives: real estate competition

A Successful 29th Property Auction

Malta Property Auctioneers Ltd. looking forward to their 30th Property Auction

DSC_0103 (Small)

Malta Property Auctioneers held their 29th quarterly Auction last Saturday 30th January at the Royal Malta yacht Club. Another successful and satisfying auction for all the participants, both vendors and buyers with almost €6 million worth of property sold under the hammer.

“This was another pleasing event for us and we are really looking forward to launching our milestone 30th Auction. Nine years ago today we opened our doors and where a little skeptical whether the idea would take off in Malta. Today we are the smart choice for buying and selling real estate. So much so, that other names in the local Real estate scene are trying to dive into this more targeted business model.
“It was only a matter of time before others followed suit. In fact others have already tried and failed. It is very typical of the Maltese to take a good idea and try to make it their own, to see who is successful and try to steal their recipe, but we have been in business for nine years and we have established our own market niche. Besides, who wants to drink Star Cola when the original Coca Cola is sitting on the same shelf ??? “ – remarked Stefan Consiglio, when questioned about the hearsay that other property auctioneers where about to launch.
“To be a successful property Auctioneer one needs to have extensive knowledge in the local real estate market, an auctioneers licence and a team of highly trained sales agents – Our experience in real estate goes back over 30 years through Pierre Faure Real Estate. The other ingredient for a successful auction, is a large database of highly qualified investors together with an aggressive marketing campaign – both items we have been harvesting and perfecting bit by bit over the last 9 years as auctioneers.
“We are a company that keeps up with current trends in marketing and are always looking into the newest marketing mediums to get the best possible exposure for your property with the intention to sell it to the highest bidder within a short period of time by creating an environment of urgency. Our business model is a win-win situation for all parties and the results are there to be seen . Moreover we are always willing to work together on a commission sharing basis with other agencies or brokers making our sales force even larger – this way we do not close a window of opportunity to anyone but rather open doors to all – pun intended.”
Malta Property Auctioneers’ exact 30th Auction date will be announced shortly but will be held around April/May. We are currently in the process of putting another attractive portfolio of properties together so for those willing to sell their property fast and efficiently – now is the time!

smartchoicegif

Attard Townhouse facade

The Perfect blend of Old & New – House of Character in Attard, Malta

MRK_7807 (Small)    MRK_7822 (Small) MRK_7824 (Small)

When  we at Pierre Faure Real Estate sold this house of character 3 years ago, it was in an awful dilapidated mess. We often took clients that wouldn’t even walk through the front door in fear of the ceiling collapsing on their heads. One particular client, however, who was tired of trying to find a home in Malta with a good finish at a fair price, decided that maybe a fixer-upper was the right choice of property for him.

.MRK_7866 (Small)

The features the Malta property had , or at least those that could be seen to the inexperienced eye, where a lovely courtyard leading onto a decent size (approx 80 sqm) garden. Apart from that, nothing in particular stood out, or at least, not in the mess and dust that engulfed the run down property. But the location was good, tucked away in a rather wide alley in one of the most sought after and quiet villages of Attard. After some convincing that the house truly had potential to be something outstanding, the sale was made.

3 years later, the owner contacted me to view his project – As I reached the address, I actually thought I was in the wrong place. The facade, now a typical townhouse totally restored to its former beauty and glory, was already unrecognizable. I couldn’t wait to get inside.

As soon as I entered the front door, I was absolutely gobsmacked. The conversion, done by a group of renowned local professionals was nothing but awe-some. I felt like I had never been to this location before. The entrance hall, with its magnificent high ceiling was overwhelmingly welcoming. The first room, one which i had myself explained will one day host a lovely TV room, was converted into the most elegant formal dining room. The central courtyard was gone and replacing it now is the most grand , bright and spacious , double height living room with more than enough space for a study, library and piano. Overlying this massive room is now the main bedroom, equally grand , bright and spacious with its own walk in closet and en-suite bathrooms as well as ample storage space.

The project itself, unearthed some amazing features, namely a carved stone dating back to the 1700’s and moreover, a lovely arched cellar which underlies half of the well landscaped garden – a perfect place to store wine.

What amazed me most about the house however, is the combination of the old walls and replica patterned tiles , wooden beams and arched doorways mixed with flat wallpapered walls, as well as the mix of tones and materials from granite to hardwood floors and an abundance of different textures all blending well and finished to the highest levels. The bathrooms, 3 in total are of topmost quality and the house enjoys loads of little nooks ideal for storage, one of which is your typical “birth room”. the apertures are large and flood the typical Maltese house with light

MRK_7827 (Small)MRK_7826 (Small) MRK_7831 (Small)  MRK_7838 (Small)

“This place was top notch…and I wanted it on my books….”

3 months of persuasion down the line and the property is now listed exclusively for sale by auction with Malta Property Auctioneers with a Guide Price of €545,000 to €575,000. A very attractive guide price for a family home of this caliber especially with respect to its size, location, outside space, and standard of finish.

You can find more photos and an exact google map location herehttp://www.maltapropertyauctioneers.com/Home/Property?code=HC9308

MRK_7813 (Small) MRK_7845 (Small) MRK_7846 (Small)  MRK_7852 (Small) MRK_7854 (Small) MRK_7859 (Small)  MRK_7814 (Small)

Pic1

Buying Property at Auction

PROPERTY IN MALTA

Traditionally, buyers scour the market for
homes that interest them by attending
open houses, going on neighborhood
tours, scouting multiple online and
newspaper listings and contacting
several agents. Sellers, on the other hand,
typically work with listing agents to sell
their properties to interested buyers.
Unfortunately, this is not always the best
option as it is not always easy to evaluate
the market value of a property and even
the most experienced agent may provide
misleading advice. Real estate auctions
provide an alternative for commercial
and residential buyers and sellers. While
some cautious buyers and sellers might
hesitate, there are advantages for both
through the auction system.
As a seller, real estate auctions afford you
the opportunity to show your property
to multiple buyers at once during a short
period of time and ultimately sell to the
highest bidder. Potential buyers must
qualify for financing before they are
eligible to participate in the auction. As
a result, potential bidders are already
pre-qualified to purchase your property,
which maximizes both the buyers and
sellers chance of concluding a deal.
Why would anyone be interested in
buying a property at auction? Auctions
offer a first chance to snap up genuine
properties at attractive prices with the
knowledge that the vendor is committed
to sell. This is of utmost importance
especially in the case where the property
has been inherited by a number of people
as the purchaser will have peace of mind
that none of the vendors will back out
at the last minute.
Auctions of property for sale in Malta make the
negotiation procedure open and public
eliminating long negotiation periods.
Also the purchase and closing dates are
always known in advance and since the
auctioneer normally prepares most of
the notarial searches on the property, the
period between the promise of sale and
final contract is much shorter. Moreover,
through open competitive bidding one
knows that he has purchased at fair
market price. In theory, some of the
best properties in Malta are offered at auctions
because the auctioneer and his team
put great effort into offering properties
which are high in demand and searching
out vendors that genuinely want to cash
in fast without asking for exaggerated
prices and waiting for the right client to
come along.
Malta Property Auctioneers is the only
Property Auction house in Malta. Working
towards its 28th property auction to
be held in September 2015. Their team of highly
trained staff offer professional advice and
evaluations on any kind of real estate on
the islands.

More info at
www.maltapropertyauctioneers.com

Stefan Consiglio is General Manager at Malta Property Auctioneers & Pierre Faure Real Estate

Malta Property Market

The property market in Malta was one of the few European markets that did not struggle during the recent recession. The outlook for Malta remained as sunny as ever. Whilst things were certainly difficult for many European countries with bank collapses, property market slumps and rises in unemployment, Malta, the little nugget wedged between North Africa and Sicily,  remained an exception due to a number of factors.

Malta is a small island with a very high population density, with land being very scarce and therefor always valuable. Moreover, unlike other islands, the Maltese market has a large drive of local buyers who have already enjoyed the fruits of their investments over time.

This tiny island has a lot going for it – besides its strategic position in the middle of the med, the island is sun kissed the whole year round, English speaking and very safe, even politically stable. For Brits, Malta is a delightful mix of the exotic and familiar, so it is no wonder they buy property in Malta and soon make it their second home. The schooling and medical facilities are of very high standard, and the fact that foreigners do not need to learn a foreign tongue makes it all the more appealing.

It is to no surprise that foreign buyers are up again in numbers – The Maltese government promotes foreign investment through a number of schemes which are very attractive to both EU and Non- EU nationals. Malta has always been loved by overseas buyers who get to enjoy the historical and cultural diversity the island offers through its past.

Buying property in Malta is a relatively easy process with various experienced agents available to point you towards the right direction and throughout the whole transaction.  The procedure for arranging loans and financing from local banks is not too onerous and those who chose to move here full -time will tend to find the low-tax regime makes life easy – not that Malta doesn’t already have a good quality of life.

07_MSR(pre)harbour_360

Pierre Faure Real Estate www.pierrefaure.com have been helping foreigners relocated to Malta for over 11 years with ample more experience in the property field. Any queries may be sent to stefan@pierrefaure.com

Stefan Consiglio – Office Manager – Pierre Faure Real Estate & Malta Property Auctioneers.

 

Property Page Competition

Pierre Faure Real Estate, in conjuction with www.techmarket.com.mt, are launching a facebook competition and giving away a Samsung Galaxy tab 3 (WIFI).

To participate, all one needs to do is log onto facebook, like Pierre Faure Real Estate’s Page and share the competition as seen below.

Pierre Faure Real Estate are a team of highly trained and professional, experienced real estate agents in Malta always ready to offer a personalised service.

FBcompetition2

 

Link

Renting a home in Malta

Mad Village terrace

Malta is one of the most dense countries in the world and thrives on the tourist industry, so it may come to no surprise that it is not always easy to find your dream home.

At the moment, it is quite obvious ,that even though construction in Malta never seems to stop, the demand for property is still outreaching the supply. If you intend to rent a home in Malta, you will need an experienced real estate agent, one with good contacts, a large database of good properties and more over , a reputable one which landlords trust and are happy to work with.

At Pierre Faure Real Estate, our team of experienced staff are trained to be professional at all times. We know the island like the back of our palms and moreover are ready to listen to your needs and wants in order to match clients and properties as best we can. Our rental properties in Malta start from as little as €250 per month, but we also cater for a vast range of up-market, top of the range properties to suit all needs. If you are thinking of renting a home in Malta, be it because you want to relocate to Malta or just wish to spend a long holiday in the sun, Pierre Faure Real Estate will be able to assist you. We believe that at any given time, there is always a property out there to suit ones requirements.

Our revamped property website, www.pierrefaure.com, offers good photos and all the information you need. Moreover, you can like our facebook page here and you can keep updated with the best properties which we post regularly.

If you are a property owner, and have vacant property in Malta & Gozo which you would like to let click here , fill in the form and an agent will get in touch. Our aim is to leave your property vacant for as little time as possible.

draft 2

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!

4335867846_9893271496_o

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.

 comino

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.

Boats

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.

Luzzu

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.

untitled3

 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.

Capture6

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