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Malta Property Battle
Added: 06/15/2005
Type: Summary
Viewed: 695 time(s)
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Malta Property Battle

June 14, 2005 -- With good all year round temperatures enticing many buyers for the winter months as well as the summer and a warm welcome from the local population who nearly all speak English, the Mediterranean island of Malta has been popular for some years among overseas property buyers.

‘A home from home in the Med is often the comment we hear from overseas property buyers’ comments Roger Munns of Malta property specialists Tribune Properties.

‘With countries such as Bulgaria, Croatia and Slovenia opening up their property markets to overseas buyers there is a chance that the Maltese property market could see a decline in sales this year.

But it hasn’t happened in the first half of the year at least. Malta has an appeal that never really attracted the bargain hunters in the past who tended to look more at rural France and Spain where the low cost airlines fly to, and it is these buyers who are now considering the new markets rather than the buyers we see in Malta’.

Risk Factor
Malta joined the EU last year, and this has helped maintain Malta’s popularity among overseas property buyers.

‘Malta has economic, legal and political systems that are established, and might be viewed as less of a risk than countries where title deeds might be more questionable’, adds Munns, ‘And we advise buyers wherever they ultimately decide upon to appoint an independent lawyer who can converse in the buyer’s own language to oversee any property transaction to help avoid any potentially expensive misunderstandings’.

For details of over seventy apartments, villas and other property for sale in Malta visit
http://www.maltaproperty.info where details are available by email.

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