The advent of prestigious property development projects in Malta is bound to set new horizons for property investors and those looking for a second home outside their country of residence. The purchase of property by foreigners in Malta has been growing beyond the expectations of many, and development projects such as Portomaso, Tigne Point, Pender Gardens, Fort Chambray and Fort Cambridge will continue to secure the escalating trend of foreign direct investment in Malta.

This trend is set to expand further with an ever growing number of expatriates moving to Malta, mostly for employment purposes in the remote gaming industry and Information and Communications Technology boom expected with the onset of the business and media park project branded as SmartCity@Malta. This trend has also been enhanced by the introduction of low cost air routes to Malta, Ryanair being amongst the airlines to have commenced scheduled flights to the island.

Global property consultants Knight Frank LLP have forecast a 12.5% capital value growth during 2007, placing Malta amongst the highest investment return states in Europe. The introduction of the Euro currency in January 2008, coupled with political stability, a sound legal and judicial system and a secure conveyancing procedure augur a positive approach to those looking into property investment offshore.

August 2007