Rigorous banking regulatory helped Malta weather financial crisis

“The credit crunch has been felt far less in Malta because of the rigorous regulatory regimes that Malta has and also because the financial banking sector is not as sophisticated as in other countries. In a sense, whilst Malta may not be totally spared the impact, at least we have not been as badly hit as others”, says Benjamin Muscat, CEO at Midi plc.

Midi plc is the consortium that is creating what is probably the most luxurious development of quality homes on the island. Having secured a dramatic and impressive location situated at the mouth of the world famous harbour, the company has had a highly successful operation with their chic, quality apartments and penthouses at Tigne Point.

Continued Muscat, “Although the Maltese economy has been adversely impacted by the global recession, Malta is still a strong proposition for inward investment in the e world, financial services and insurances sectors which are all complimented by a well educated, predominantly English speaking population. The pharmaceutical sector is highly successful too and Malta is increasingly recognised as a natural choice for producers of generic pharmaceuticals. Tourism is making a bigger impact on the local economy as top quality hotels attract monied, business people seeking a sunny safe island with easy access from both the East and the West”.

Malta is one country that is in a very good position to “ride the storm” because the country was totally sheltered from the collapse of the financial services and banking sector so it escaped the impact felt by many other countries.

Tigne Point is part of a key project incorporating commercial and retail space together with heritage and luxurious, high end homes. The development has proved highly successful with 235 apartments already sold, over 30% of which were bought by foreigners.

When it comes to accommodation Tigne Point is proving to be a main contender for the leading home away from home option on the island. These unique waterfront homes are set in landscaped gardens offering owners breathtaking views of the Mediterranean sea or of Valletta itself, a City that comes to life at night as it glimmers across the quiet waters.

Tigne Point itself is a luxurious, car-free mixed use development offering top of the range facilities and amenities. A central Piazza will be the hub of this cosmopolitan area providing shaded seating, shops and cafes. Owners will also benefit from a stylish shopping centre, health and leisure amenities, a shoreline pool and walkways created along the rocky peninsula.

Prices start from £350,000 for a two bedroom apartment
From £1,333,000 for a penthouse with lavish terraces and private pool.

For further information, visit tignepoint.com