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Welcome to TheMoveChannel.com Malta News Homepage, where you can keep up with all the latest Maltese property news, covering a range of property investment, real estate industry and personal finance news topics. If you like our news, why not sign up to one of our newsletters or RSS feeds and read it every day!Malta bene! House prices fall even further
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House prices in Malta fell even further this year, according to the country’s latest figures, improving investors’ chances of picking up a property bargain.
The report, published by The Central Bank of Malta, found that house prices fell by 2.6 per cent in the first quarter of 2011. The drop in the residential property price index was the second quarterly dip in a row, making Malta increasingly more attractive for holiday home buyers.
The fall in property prices is mainly attributed to the reduced value of terraced housing, adds OPP, which has decreased by 6.1 per cent year-on-year. But other properties have become more affordable too, with townhouses and villas also falling by 12.8 per cent from 2010.
Latest Malta News
The Tigne Point development in Malta has sold 10 units in past 6 weeks as “astute investors look for a country with stability, a growing economy, good residency conditions and the ability to earn capital growth and repatriate funds easily”, James Vassallo, the company's senior sales and marketing manager told OPP.
Ryanair have introduced new low-cost flights to Malta for 2012. With traffic to the island expected to reach over 1 million visitors per year and 1,000 new jobs created, the announcement is set to drive up housing demand as well as boosting the appeal of Malta's property to new visitors.
Malta has been chosen as one of the top ten destinations for UK and Irish property buyers looking to purchase abroad.
Hollywood actor Tom Cruise is on the hunt to buy a luxury holiday home in Malta but has given his agency something of a mission impossible: The home must have a 200 square-metre living room.
The latest medium term economic forecast published by the European Commission paints an optimistic picture for the island of Malta's economy and a healthy climate for a property market that remains buoyant.
Traditionally the preserve of wealthy British retirees, the Mediterranean island of Malta is appearing on the radar of SA investors
The oversupply of property in Malta is causing grave problems for the country's property market and the government should step in immediately to control the development of new properties. That's the view of a leading Maltese Property expert who believes that the relaxing of planning regulations in Malta over recent years has caused huge problems for the country's property market.
After two unhappy years, house prices are stabilizing in Malta.
The Maltese Central Bank reported a 1.5% increase in the average advertised price of homes on the market in its latest figures published yesterday.
Despite the growing affluence of the Eurozone, a large percentage of families across the continent are still stuffed into overcrowded homes.
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