According to Home Affairs Minister Tonio Borg, as reported by the Times Of Malta, the country will do better when more foreign investment is seen. The property market, namely, will benefit from both economic expansion and financial expansion should more foreign investors get in line.
A new government is being installed here as it was recently elected. New plans are being drawn up, but it is highly likely that much of that increase will encourage the growth of these investments.
Several projects are in the works for various areas including development projects for Marsamxett, Grand Harbour and Stand in Sliema.
The country is one of many that is likely to see an increase in value over the coming years. As an emerging market for 2008 and beyond, it is expected to become one of the Mediterranean's most sought after properties. The increase in value will be expected over the next few years.
One area in which Malta will see properties soar is along the coast. Malta is part of several other countries along the Mediterranean that has agreed to stop all building within 100 metres of the coastline. Properties already in place there may not be torn down. This will mean that those select properties will soar in value due to the limited supply. These are high quality, coastal properties that will be most sought after.
