Island Life - A Luxury Lifestyle Perspective

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Recent years have seen a steady increase in demand for luxury property in Malta. The island's real estate market has always enjoyed a relatively stable position making it ideal for investment. As the country's social and economic profiles rapidly improved, its property market also started being shaped to accommodate the lifestyle needs and requirements of the higher-end buyer, particularly the overseas investor looking to move or relocate their business to Malta.

Such developments have largely defined Malta's luxury property market and generated a continuous demand for this property type, in terms of both sales and rentals, especially as Malta becomes more socially and economically advanced and cosmopolitan in nature.

Luxury lifestyle developments tend to be a popular choice among those seeking to move to Malta or invest in a property in Malta, for several good reasons. The distinctive offering of luxury lifestyle developments emerges from their prime location, enjoying unique island and sea views and close to all amenities and major activity happening on the island. In addition, it is good to know that luxury developments fall within the list of Special Designated Areas (SDAs), meaning that foreigners looking to purchase property in Malta will not require special permits or encounter certain restrictions which would be otherwise applicable.

Within these developments, the prospective investor is able to choose from a variety of property types, ranging from more compact to large apartments, maisonettes, penthouses as well as villas in several unique forms and layouts. In many instances, designer finish and furnish comprises part of the package along with the option of custom finishing.

These properties are all highly sought after for residence purposes as well as a pied-a-terre or rental investment as they yield high returns. Properties situated within the Tigne Point and Portomaso developments are the highest in demand and have grown to hold the most exclusive and prestigious addresses across the Maltese Islands within Sliema and St. Julian's ? Malta's tourism, commerce and activity hubs. Other developments within these areas such as Fort Cambridge and Pendergardens provide a similar, high-quality product.

Despite being more rural and laid back, Malta's sister island of Gozo has also been permeated by the touch of luxury living. Here, developments such as Fort Chambray in Ghajnsielem and Kempinski Residences in San Lawrenz provide high quality homes surrounded by a highly attractive landscaped communal environment and Gozo's unparalleled breath taking countryside and open sea views.

Due to the Maltese Islands being an attractive location in their own right as well as having highly advantageous fiscal schemes and a rapidly growing economy, the demand outlook for luxury real estate in Malta is widely positive. Currently Malta enjoys the best economic growth rate among the EU28 and the country is striving to become a centre of excellence in business and commerce, thus increasingly attracting the desired high quality property investor as a result.

For more information about luxury property in Malta, kindly direct your request to info@maltasothebysrealty.com or visit the Malta Sotheby's International Realty website.

 

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