| Prices in the Maltese property market are still rising | | | | still floats around about the the possibility of Easyjet |
| and rising well at this time. In 2004 Malta was | | | | flying to Malta from 2008; a move which could |
| amongst the highest in the EU for price rises and | | | | significantly increase the volume of visitors to Malta. |
| statistics indicate that these price rises are likely to | | | | Tourist would suddenly be able to afford long |
| continue for a while. Statistics from the Maltese | | | | weekends in Malta with cheaper flights. |
| government also show an increase of 16% from | | | | The prices of property and real estate in Malta could |
| January 2006 to March 2006, with the trend | | | | be affected with the January 2008 situation whereby |
| continuing upwards. Demand for property in Malta is | | | | MALTA will likely join the EU. In the past, the prices |
| plentiful and if forecasts are correct, prices could rise | | | | of property has risen quite well in many countries |
| between 8 and 10% more this year; with buyers | | | | with the introduction of the Euro, and others when |
| from countries such as the UK, US, Australian and | | | | they joined the EU. |
| many European countries, continually interested in this | | | | When the Euro was introduced on January 2nd, |
| Mediterranean islands potential. | | | | 2002, the value of property in countries such as Italy, |
| Demand for real estate, apartments and villas in Malta | | | | Ireland and Spain rose very well. Prices of property in |
| is buoyant this year and the Malta government are | | | | Sicily Italy for example, have risen on average about |
| thought quite likely to allow developers to use even | | | | 20% over the last 4 years. A different situation is |
| more land for building. In a country which is the third | | | | whereby countries have joined the EU and this has |
| most populous in the world , this may mean the | | | | also had an effect although less significant than |
| island becomes even less spacious although investors | | | | previously expected. It was expected that prices |
| are expected to continue to snap up properties. | | | | would rise dramatically as countries such as Hungary |
| Access to the island of Malta is always of importance | | | | joined the EU a few years ago. Prices have risen but |
| to foreign investors investing in Malta, and speculation | | | | more steadily than expected. |