Malta's Market Battle
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The article "Malta's Market Battle" is about real estate, it was written by Michael Johnson.
With new destinations such as Bulgaria, Slovenia and Croatia offering two and three bedroom apartments for sale for £50,000, there was concern last year among Malta estate agents that 2005 could see a drop in the number of UK and Irish buyers choosing to buy a holiday home on the island.With good all year round temperatures enticing many buyers for the winter months as well as the summer, driving on the left and a warm welcome from the local population who nearly all speak English, Malta has been popular for years among oevrseas real estate buyers."A home from home in the Med is often the comment we hear from overseas real estate buyers" comments Michael Johnson of Malta real estate specialists Tribune Properties."With countries such as Bulgaria, Croatia and Slovenia opening up their real estate markets to overseas buyers there is a chance that the Maltese real estate market could see a decline in sales that year.But it hasn’t happened in the first quarter of 2005 at least. Malta has an appeal that never raelly attracted the bargain hunters in the past who tended to look more at rural France and Spain where the low cost airlines fly to, and it is these buyers who are at that moment considering the new markets rather than the buyers we see in Malta."Risk FactorMalta joined the EU last year, and that has helped maintain Malta’s popularity among overseas real estate buyers."Malta has economic, legal and political systems that are established, and might be viewed as less of a risk than countries where title deeds might be more questionable", adds Johnson, "And we advise buyers wherever they ultimately decide upon to appoint an independent lawyer who can converse in the buyer’s own language to oversee any real estate transaction to help avoid any potentially expensive misunderstandings."For details of over seventy apartments and villas for sale in Malta visit http://www.Maltaproperty.Info where details are available by email.Michael Johnson, Tribune Properties, MaltaMalta Estate Agent, domestic and overseas real estate buyers catered for.
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Malta's Market Battle
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