31 March 2010

Finance Malta launches Investment Guide and Business Directory

FinanceMalta has launched its annual Investment Guide and Business Directory. FinanceMalta is the public-private initiative set up to promote Malta's International Financial Centre.

Here is an extract from the Commercial and Residential Property section of this year's Investment Guide.

Commercial and Residential Property

Despite the limited land area available, Malta offers a wide range of both commercial and residential property, in very distinct locations. Office space comes in maly forms: a firm can choose between purpose built office blocks, converted houses of flats or a location within some of the new, large mixed use areas currently under development.

Malta offers exceptionally good value in terms of its commercial real estate in comparison to similar urban areas in the EU. It also offers enviable locations with sea views and marinas as well as prestigious landmark office complexes within easy commuting of residential areas. Overall, rentals are around two-thirds to half of those charged for comparable commercial spaces on continental Europe.

Industrial rentals are exceptionally good value for money. Malta Enterprise, the government agency assisting incoming firms, can provide industrial property to prospective investors at highly competitive rates. Malta's average industrial property rate of €10/m2 compares favourably relative to the secondary rental markets in Italy, Austria, France, Luxembourg, Ireland and the UK. Malta has 10 industrial zones offering industrial property at these competitive rates.

Malta's residential property prices are competitive in comparison to those in urban areas in most of the rest of Europe. Housing prices and rentals are around half to two-thirds of the price od similar property categories on continetal Europe and even more competitive in relation to the UK market.

Malta has always had a thriving real estate market; now , purpose built developments are coming on stream which can be deemed 'lifestyle' complexes and ideal for investment. Developments in recent years include marina and costal complexes at the top-end of the market. There is a wide range of mid- to lower end apartments across the Islands as well as individual, unique properties such as farmhouses, palazoos and villas with swimming pools. Gozo's property tends to appeal to the holiday rental or second home market and is dominated by rustic-style farmhouses and modern apartments.

Courtesy of Finance Malta

http://www.maltapropertysearch.com/

Malta Property