Malta Real Estate Increase Highest In Europe
The Mediterranean island of Malta has recorded the strongest
growth in property prices from countries in the European Union,
and recent news could help see property inflation in double
figures for the next few years.
Figures released by the European Mortgage Federation show
Malta’s rise of over eighteen per cent was higher than both
France and Spain.
Two EU countries, Germany and Austria, saw house prices drop,
while Portugal, Greece and the Netherlands were barely into
positive territory.
And property insiders on the island are predicting that strong
growth could be around for a few years yet, giving Malta the
potential to be seen by investors as a good place to buy.
Tribune Properties who specialise in property for sale in Malta
report that the first quarter of 2006 has seen a good level of
activity, with the top end of the market seeing particularly
good performance levels.
‘The first couple of weeks of January were slower than the same
period last year’ comments Michael Johnson, Tribune’s Managing
Director, ‘but since then the number of sales has matched last
year – a very good one – but villas with an asking price of a
million Euros and more has seen increased activity, and a good
number of sales’.