Malta Hotels and Holidays
The independent information site for holidays and hotels in
Malta also report increased interest
in their property pages compared to the first quarter of 2005,
with the number of page views increasing by nearly a third.
Sustained property inflation at levels seen in Malta are rarely
seen in other countries, but new economic activity on the island
could see property demand at good levels for some years to come.
A new ‘Smart City’ is planned which could see Malta competing
with the rest of Europe as a business destination for internet
and other high-tech companies. English is spoken fluently in
Malta, and coupled with relatively low salaries locally it is
hoped that inward investment and 5000 new jobs will help the
Maltese economy which in turn will boost the property, hotel
and holiday markets.
The tourist industry is vital to Malta’s economy, and it is
hoped that the arrival of low cost airlines providing new
flights to Malta will benefit the Malta holidays industry as
well as the many hotels in Malta.
If Malta can combine the attractions of a Mediterranean holiday
island with a modern infrastructure and high tech friendly
business in a low tax environment, today’s property prices
could look like a bargain in five years time.
The introduction of low cost flights to Malta from the UK will
open up the possibility of more buyers looking at the island
for holiday homes that could be used for long weekends, and the
Malta hotels industry could reap the benefits of the 3 and 4 day
tourist seeing the island as a viable place to visit.
Malta has traditionally seen the majority of her visitors from
the UK, but this could be changing to a more diverse mix in
future years.
Last year saw a record number of visitors from Italy, and
increased enquiries have been received at estate agents across
the island from Scandanvia, Holland, France and Belgium,
helping to increase the demand for Malta properties.
After some years of wondering how Malta would fit into the
modern world, property agents, hotel owners and the Malta
holidays industry are beginning to see the future with some
optimism.