Property in Birkirkara, Malta
March 16, 2010
Birkirkara is the largest and most populated town in Malta. In recent years, this town has expanded further with the building of new and modern residences. In fact, a tiny a garden separates this new area from the traditional core which is characterised by alleyways, narrow streets and houses typical of small villages.
In Birkirkara, one can find the remains of a third class carriage of the Old Railway Station. The train used to follow a single line from Valletta to Rabat and was later extended to incorporate Mdina as well. After its closure in 1931, it was restored and the grounds were transformed into a public garden. Other places of interest in Birkirkara include St Helen’s basilica, one of the most beautiful churches on the Maltese islands, housing Malta’s largest bell, and the 17th century aqueducts built by Grandmaster Wignacourt to provide water for the new city of Valletta. Another mark of the old times in Birkirkara is the two windmills, one of which is a well-known art gallery.
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Car Hire and Leasing provided by RE/MAX Malta, Property Agents
January 28, 2010
Recently RE/MAX Malta launched a new page on their website to promote car hire through a preferred partner agreement. The Real estate company is consistently providing added value to their customers by offering best rates possible for various services. The agreement with the car hire provider, JS Car Hire, is that RE/MAX customers may benefit from a 20% discount should they book a car through an online system that is located on the RE/MAX Website.
Their range of cars start from modern economical city cars to family cars, open-top jeeps, cabriolets, mini-vans and MPVs that are all equipped with amenities such as air-conditioning, power steering amongst others. The fleet is available for both short term rentals and long term lease agreements at the most competitive prices on the market. The user-friendly terms and optional add-ons are designed to accommodate the leisure as well as the business client.
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Property in Madliena, Malta
January 5, 2010
Madliena is a prestigious town, situated at high elevation and an exclusive residential area in the north of Malta. Endowed with magnificent views of the northern bays of the island, close to the tourist village of St Paul’s Bay and its beaches and at the same time it is minutes away from the heart of entertainment and shopping in St Julians.
The town is renowned for its up market properties, large and immaculate villas that are a common sight in this part of Malta. The town is relatively young and does not embrace the long cultural stories which are a characteristic of many other towns and villages, however Madliena is still considered to be a gem of natural beauty.
Historical sites located in Madliena consist of the Victoria Lines, Madliena Fort, The Batteria San Giovanni. The Hamlet of Madliena owes its origin to the Chapel of St. Mary Magdalene which was built in the 15th century. Fort Madliena, lying to the north-eastern side of the Victoria Lines, was built by the British in the 1880’s.
Any property in this area is reserved to the connoisseur… Read more on Property in Madliena, Malta
Property in Msida, Malta
January 4, 2010
As the name suggests, Msida was previously an old fishing village. It became popular with local people after a leading German Knight of the Order of St John decided to reside in this town in the late 18th century. He also built the famous Ghajn tal-Hassielin that provided a source of water for the villagers. The vaulted building still stands and is used today by fishermen to house their boats and nets.
Apart from pleasant marina-sidewalks, Msida also hosts one of Malta’s unique cave chapels and an elegant baroque church dedicated to St. Joseph that was built at the turn of the 19th century. This town also houses a modern yacht marina with over 250 yacht berths. Today, Msida is a bustling university town and development has in fact been centred on an ever increasing student population at the University. There is a scholastic rental market as foreign students tend to rent property close to the University grounds during the year. It is also ever so popular with first time buyers as there is a ….. Read more: Property in Msida
Malta Property Market reaping fruit from smart Government investments
December 15, 2009
Although property prices have reportedly gone down in certain segments of the market, the National Statistics Office has reported that registered property sales have been steady throughout the last year and almost at par of what was registered in 2008. The global economic crisis has had little effect on the
Malta property market with great thanks to the solid banking institutions in Malta who have been conservative but shrewd in their business practices. In what has been a year of misery for some European countries, the Maltese Government has continued to invest heavily in ICT, gaming and other industries. The result is that Malta is now seeing the fruit not only from the number of companies interested in setting their
businesses up on the island but also from current economic activity from licensed company employees and executives. This has generated a multiplier effect throughout the economy which has specifically affected the property market not to mention other industries that is said to have generated over €15 million in revenue.
Benefits of Buying Property in Malta
Besides developing and investing in niche markets, the Maltese Government also targets foreigners to Malta through its a beneficial Residence Scheme, where one may take advantage of its low income tax rate of 15% on income received to Malta and no real estate tax amongst other interesting benefits. The only main requirement is that one has to purchase or rent an apartment in Malta. Purchasing a property in Gozo or Malta is a relatively easy process whereby one would have to sing a promise of sale which binds the vendor and the buyer to a period of time where all title researches are done on the property in Malta or Gozo are done, paper work for mortgage should be sorted out as well as an AIP permit if required. Contract would be signed and keys of the property in Malta would be exchanged.
it is recommended that anyone searching for a property in Malta should seek advise from a reputable real estate agency in Malta.
Property in Gozo, Malta
December 11, 2009
Gozo is a gem to anyone that lays their eyes on the beautiful sister Island of Malta. It is a much quieter Island thanks to the fact that it is very green and there is space or rather ample land between it’s villages. The Island is a perfect place where one can really sit back and relax, either at their own home if you’ve purchased a property in Gozo or in one of the especially equipped rental homes available around the Islands. The sea is practically walking distance from anywhere on the Island though it is still recommended to rent a car. Views are spectacular, especially from Dwejra Bay where one can see the Azure Window.
There is also a very good entertainment life in Gozo. Some of the restaurants are exquisite offering a variety of local cuisine as well as meditteranean cuisine. There are plenty of British style pubs, cafe’s as well as night clubs that are located all around the Island. A few of the restaurants are even listed as one of the best of the Islands through the ‘Definitely Good Guide to Restaurants’ which is published yearly.
The selection of properties is vast from standard apartments …. Read more on Property in Gozo, Malta
Property in Ta’ L-Ibrag, Malta
December 9, 2009
Ta’ L-Ibrag is a recently developed town which has flourished over the past years. Yet it has remained a very quiet residential area. Being only a few minutes away from Paceville, Malta’s entertainment centre, it is close to all amenities such as pubs, restaurants, shopping mall and the beach. The Ibrag chapel of Our Lady Immaculate Mother of God, built more than 30 years ago, is of great importance to Ibrag residents.
The Ta’ L-Ibrag property market accommodates various new apartment and maisonette developments as well as Villa and Bugalows with or without their own private swimming pool. Terraced houses are also popular. Ta’ L-Ibrag is also a favourite for rental properties. Ex-patriates find the location ideal as it is near to the Verdal International School and Luxol Football Grounds.
Please find some quick search links …Read more about Property in Ta’ L-Ibrag
Property in Swieqi, Malta
November 23, 2009
Swieqi is found a stone throw away from the main entertainment area of Paceville and St. Julians. The town is named after the water channels that used to be found in the area. It is perched above the coast on the eastern stretch of the Victoria Lines, which are part of a chain of British fortifications built in 1878. In this part of Swieqi, one can find several prominent historical sites, such as Fort Madliena, built in 1880. This fort has a revolving bridge instead of a drawbridge over its ditch which makes it different from other fortifications on the island. Also, one can find the Madliena Tower which was built by the Knights as part of line of watchtowers.
As Swieqi has developed, its residential estates took over farmland and today Swieqi incorporates other communities such as Madliena, St. Andrews and Ta’ l-Ibragg. The area is a beautiful and quiet residential place where one can find many new and old apartment developments, maisonettes, villas and bungalows with or without pool.Please find some quick search ….. Read more about Property in Swieqi
Property in St. Paul’s Bay, Malta
November 20, 2009
The Small Fishing Village
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Decline in Malta property prices slows down
November 18, 2009
Further optimism in the market came from the Central Bank this week. Although Malta property prices have stated that although there was a decline in the second quarter of the year, the decline was not as bad as it was in the first.
Real market prices in the second quarter of 2009 showed a slower rate of decline, the Central Bank said today.
It said the consistent downward trend in prices experienced since the first quarter of 2008 appeared to be moderating.
Based on its own index, the bank said that residential property prices fell by 6% year-on-year during the quarter compared with 9.9% in the first quarter.
On the other hand, the number of advertised properties monitored by the Bank dropped by 28.0%, exceeding the 21.1% decline recorded in the March quarter, indicating a further drop in activity in the market.
However, the number of building permits granted by the Malta Environment and Planning Authority in the second quarter was at the same level as a year earlier.
The largest drop in prices, of 12.7%, was registered by prices of maisonettes in shell form. Deductions of 6.9% and 6.4% in the prices of finished flats and flats in shell form, respectively, were also recorded, but these were smaller than those observed in the March quarter.Moreover, the decline moderated to 3.7% and 7.2% for townhouses and houses of character, respectively.Terraced houses continued to be the only category experiencing positive growth, with their prices registering an increase of 4.2%.
it is recommended that you contact a professional real estate agent in Malta when considering buying a property in Malta.
