07 November 2005

Malta property market

If you plan to invest in property in Malta and want to go for a long-term investment the new taxation system in place should suit you better. At least this is what the government claims announcing the new law.
The fast quick-buck investment return is now something from the past in Malta as it was apparently producing a bubble which could have burst dangerously, in contrast to solid returns built up over longish periods of time. Prices had started levelling off this year. So let’s hope this budget is a first small step of many that are needed to stabilise this economy and the property market particularly, wish the locals.
Who is going to tell the overseas investors though?