Malta: the med’s best kept secret?

Foreign investors are finally waking up to the delights of Malta, it has been claimed…

‘Magical Malta’ has always held a place in the heart of the British, however its popularity until now, has never being overstretched because thankfully it missed out on the ‘party brigade’ who chose other unsuspecting Mediterranean hotspots. Malta therefore is the Mediterranean’s best kept secret; rich in history and culture it is now actively bridging the gap between old and new.

Malta is nestled in the Mediterranean just 96 km from the shores of Italy. An island of natural beauty, it is blessed with a warm dry climate and dotted with tranquil bays and natural harbours. Once part of the Roman Empire, Malta has, over the years, been inhabited by Phoenicians, Arabs, and The Knights of the Order of St John.

According to James Vassallo Senior Sales Manager for Tigne Point Marketing Ltd, there are considerable benefits to living and owning a property in Malta:

- Properties that are competitively priced with comparable other European resorts

- Numerous flights – many low cost airlines

- Superb year round Mediterranean climate

- English as an official language alongside Maltese

- High ranking European medical care under agreement with National Health Service.

- Expats can pay only 15% on any income brought into Malta with no local inheritance or capital gains tax = - - after three years permanent residence.

- Tradition of close affiliation with the British

- Relatively low cost of living

Mr Vassallo commented: “Foreign investors are starting to realise the true benefits of living or working in Malta. With a population of just 400,000 Malta is regularly used to welcoming 1.2 million tourists per year and is regarded as a year round destination.

”With a temperate climate, archaeological wonders and boasting attractive permanent residency schemes for expats, it is no surprise that Malta has stepped up a gear and is now regarded as a major player on the international stage. Malta is certainly coming of age.”