RSS Feed

Related Articles

Related Categories

Interest in overseas property investment seeing sharp rise

21st May 2014 Print
Malta

Sterling to euro exchange rates saw their best level in many  months in the 2nd week in May following an ECB press conference. The President, Mario Draghi hinted that a change in the monetary policy was possible in June. This in turn led sterling euro to hit 1.2240 providing Euro buyers with exceptional opportunities to transfer money to Europe.

Of course one of the easiest ways is by property investment and there are some exceptional choices currently available. However purchasing property in countries with markets on the slide doesn’t necessarily make the most astute investment and when it comes to the Med not all property markets are on the same footing. 

Malta has long been regarded as an ideal location for expats looking for a safe and tranquil location in which to invest – with many choosing it as the perfect place for retirement. The island offers an enviable lifestyle, fascinating culture and a rich history together with excellent medical facilities, a very low crime rate and, as an added bonus, English is spoken as a second language

The island has for years been regarded as an ideal Mediterranean second home location and the prestigious Tigne Point development, an award winning project situated at the entrance to the harbour directly opposite the  UNESCO World Heritage Capital city  Valletta,  has been at the fore front of this success.

“Over 90% of our last phase of luxury homes sold in less than a month”, says James Vassallo, Senior Manger Sales and Marketing at Tigne Point. “Buyers hail from many different countries and many of them are repeat customers which is always a good sign. There is also a high take up by local buyers which is important as this is not simply just a resort development –it is very much a year-round destination.”

Tigne Point occupies a unique location on the waters’ edge at the eastern end of the Sliema peninsula. Comprising landscaped grounds, quality restaurants, piazzas, pavement cafes and a top-notch shopping mall, the project also benefits from being virtually traffic free with road networks and parking facilities situated in secure underground car parks hewn out of the island rock.

Continued James, “Many overseas buyers feel that the development ticks all the right boxes for them: it is a safe, attractive and convenient environment situated in a very central, connected and well established location. It has also proved a very secure long term investment with consistently high rental yields and very strong re-sale potential. This is set to grow further with the recent announcement of the development of a new flagship business centre in the immediate vicinity”.

A new waterfront residential phase is due to be launched early in 2015 and the company is already taking names of interested parties keen to secure their preferred apartments. These will include a series of outstanding seafront properties with one, two and three bed layouts. Those interested in receiving regular up-dates on the next phase should register their interest at tignepoint.com.

More Photos - Click to Enlarge

Malta