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It’s a buyer’s market James Daniels Jersey , and if you’re tempted to pack your bags, lured by the sparkling crystal clear seas and low tax rates in this expat haven, you wouldn’t be alone, says Amy Grace
Not only were residents in Malta enjoying temperatures of nearly 20 degrees when the UK was snowed in last month, they were revelling in the knowledge that their tiny island, slightly smaller than the Isle of Wight and an hour ahead of GMT Joel Iyiegbuniwe Jersey , has a superb quality of life, low crime rates, and a property market that has not experienced any drastic dips – most likely due to the fact that not too many Brits had joined the party during the last property boom in 2003 to 2004 and, consequently, there was no sudden mass exodus.
Close to southern Italy and North Africa, yet boasting a sophisticated European property scene that is a magnet for top designers and architects Anthony Miller Jersey , Malta scored highly in the recent International Living Quality of Life Index, with freedom and security, climate and the environment all being awarded between 85 and 100 per cent. Though restrictions are placed on how many properties foreigners can buy on Malta, there are opportunities to buy, and rent out, multiple properties in special investment areas – Specially Designated Areas (SDAs). Tight regulations govern the conditions of purchase and rentals in residential areas outside the SDAs.
Mark Bodega Wholesale Chicago Bears Jerseys , Director at HiFX, the UK’s leading independent online foreign currency exchange brokers, explains why he thinks there is still reason to exercise caution. He said: “It was apartments that led the house price crash. Malta’s EU explosive housing boom in 2003 to 2004 saw tremendous house price