Maltas Market Battle

With new destinations such as Bulgaria, Slovenia and Croatia offering two and three bedroom apartments for sale for £50,000, there was concern last year among some Malta estate agents that 2005 could see a drop in the number of UK and Irish buyers choosing to buy a holiday home on the island.

With good all year round temperatures enticing many buyers for the winter months as well as the summer, driving on the left and a warm welcome from the local population who nearly all speak English, 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 Michael Johnson 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 quarter of 2005 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 Johnson, "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 and villas for sale in Malta visit http://www.maltaproperty.info where details are available by email.

Michael Johnson, Tribune Properties, Malta

Malta Estate Agent, domestic and overseas property buyers catered for.

MORE RESOURCES:

ERA Pacesetter closes real estate business - Bizjournals.com

Learn to Profit from Real Estate - Even in Tough Markets - MarketWatch

Tokyo Replaces Shanghai as Best Asian City to Buy Real Estate - Bloomberg

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Nokomis Real Estate Ventures LLC files bankruptcy petition - Bizjournals.com

Neuberger Berman Real Estate Securities Income Fund Inc. Announces ... - MarketWatch

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UPDATE 2-Sibir market value halves on real estate buy - Forbes

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Icahn Sues Real Estate Company Over Debt - New York Times

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Whitehall Funds Lose Their Luster - Wall Street Journal

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Freedom Interactive Launches New Real Estate Vertical - Destin Log and Walton Log

Inland Real Estate Auctions, Inc. Sells Industrial Site in Seneca ... - MarketWatch

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