Tag Archives: rent in malta

A Successful 29th Property Auction

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

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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!

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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.

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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.

 

Malta property becomes less costly, as pound nears 16-month high

09.05.2014

One more great reason to buy a property in Malta! Malta property has fallen in price lately, as the pound has reached 1.2247 versus the euro, just shy of its highest in 16 months, or since January 10th 2013.

To put this into context, sterling was at just 1.1371 last March, meaning it’s since bounced back by almost 9 cents. Were you to transfer £125,000 to Malta to buy a property, you’d hence get an impressive +€10,688 more today than March 2013. Clearly, this puts your dream Malta property closer within reach!

Why has the pound jumped against the euro?

Sterling has neared this 16-month high versus the euro, chiefly because the UK economy is growing like there’s no tomorrow. For instance, just this week the OECD upgraded its 2014 growth forecast for the UK +0.8%, to a jaw-dropping 3.2%. This will make the UK the world’s fastest-growing major economy, hence boosting the pound.

At the same time, the euro has weakened of late, because the Eurozone faces the threat of Japanese-style deflation. This is where prices continually fall, which sounds nice, but leads to economic stagnation, as people keep putting off their shopping to see if things get cheaper. So that’s brought the euro low too!

Will the pound continue to climb?

Moreover, the pound looks set to exceed its 16-month high in the near future. This is because, with the UK economy fit and frisky, the Bank of England may soon become the first major central bank since the financial crisis to hike interest rates. This will send the pound yet higher, further cutting the cost of Malta property in 2014!

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About the writer

Peter Lavelle is an economist at foreign exchange broker Pure FX. To get free expert currency advice about the best time to transfer money to Malta, call him on +44 (0) 1494 671800 or email peter.lavelle@purefx.co.uk.

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.

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Renting a home in Malta

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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.

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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.