Market Spotlight: Luxury Lifestyle Developments

LUXURY LIVING, MALTA, MALTA LIFESTYLE, RELOCATING TO MALTA, RETIREMENT IN MALTA

5th August 2015

Market Spotlight: Luxury Lifestyle Developments
Unique island views, a prime location and being based in one of the island’s most prestigious addresses – all whilst being surrounded by all the luxuries and comforts demanded by a forward-looking and fun-loving contemporary lifestyle. Such a proposition is already quite hard to turn down even at face value, making it worthy of weighty consideration, to say the least, by the qualifying individual in search of a distinctive lifestyle in Malta. Properties situated within one of the island’s luxury lifestyle developments do not only define luxury living in Malta by exuding refined taste and a flair for the art of living, but also make sound economic sense as an investment. At this point, the value proposition must be near impossible to refuse. Insight into Malta’s luxury property market To start with, Malta’s real estate market has always enjoyed a stable position and positive growth figures. As the country advanced economically and socially, particularly since joining the European Union as a full member in 2004, an increasing demand for high quality and high end real estate started being experienced and continues to be consistent on a year-to-year basis. The island’s continued success at attracting foreign investment greatly contributed to the development of the luxury real estate market. In fact, around half of real estate transactions in Malta in 2014 were linked to overseas buyers. Foreigners are growing all the more attracted to the island’s pleasant and warm climate coupled with advantageous fiscal schemes. This thriving scenario creates the highly positive outlook that the high-end sector of Malta’s real estate market will continue to experience a strong demand as prospective buyers are looking at this property type for residence purposes as well as a pied-a-terre or rental investment as demand for rental is also extremely high and yields excellent returns. Luxury property in Malta As interest in luxury property increased, luxury lifestyle developments emerged as carefully planned and purposefully designed projects to accommodate the needs and requirements of the high-end buyer. Such buildings are found in prime locations around the Maltese Islands, enjoying unparalleled island views and being strategically located close to Malta’s commercial and activity hubs, with all services and amenities conveniently situated close by.

Luxurious Penthouse, Tigne Point Luxurious Penthouse, Tigne Point | € 4,500,000 | 

Duplex Apartment, Tigne Point Duplex Apartment, Tigne Point | € 799,000 | 

Tigne Point in Sliema and Portomaso in St. Julian’s are the perfect paragon of this. Both developments are located in the heart of Malta’s business, tourist and leisure centrals and also very close to the administrative capital of Valletta. Tigne Point apartments complex is practically next door to Malta’s most prominent shopping mall, The Point, while Portomaso makes part of the same complex of the 5-star Hilton Hotel Malta and Portomaso Marina. Other developments such as Fort Cambridge in Sliema and Pendergardens in St. Julian’s provide a highly similar offering and enjoy a high level of popularity.

Exuberant Penthouse, Portomaso Exuberant Penthouse, Portomaso | € 4,750,000 | 

Lavish Apartment, Portomaso Lavish Apartment, Portomaso | € 1,900,000 | 

It is interesting to know that luxury lifestyle developments across all the Maltese Islands also make part of a compiled list of Special Designated Areas (SDAs). For the foreign buyer, this comes across as great news as purchasing property within a SDA means that the buyer will not require special permits or encounter certain restrictions which would be otherwise applicable if buying property elsewhere.  Malta’s sister island of Gozo, despite being more rural and laid-back in lifestyle has also been permeated by a touch of luxury and luxury property in Gozo for sale within development buildings is also available here, such as the delightful Fort Chambray in Għajnsielem.

Stunning Villa, Fort Chambray Stunning Villa, Fort Chambray | € 1, 400,000 | 

Needless to say, high quality finishing and furnishing with attention to detail are part and parcel of the luxury property offer. Certain properties are also designer finished or offer the option of custom finishing. A variety of property types and layouts is also available, ranging from smaller and larger type apartments, to maisonettes, penthouses and spacious villas with swimming pool.
For more information about luxury property investment in Malta, kindly direct your request to info@maltasothebysrealty.com or visit our real estate website. One of our agents will gladly assist you.  
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Malta Sotheby's International Realty

Launched on the Maltese islands in 2013, Malta Sotheby's International Realty had one clear vision and goal in mind – to offer our clients the highest level of commitment and quality of service in the high-end residential and commercial real estate market throughout the Maltese Islands. We derive our success from local expertise, professionalism, commitment, and discretion to meet any client’s needs. We understand the importance of finding a home that not only suits your needs but suits your vision for the future – a place that facilitates comfort, creativity and familiarity. We realise that a home is much more than a place to live - it is a sanctuary from where we build families and dreams. Our real estate professionals will guide you towards finding your ideal home throughout the entire buying and selling process. The culture of Malta SIR is defined by our knowledgable and dedicated diverse team which spans over multiple nationalities, whether you are a vendor or a buyer we speak your language.

The listing information set forth on this site is based upon information which we consider reliable, but because it has been supplied by third parties to our franchisees (who in turn supplied it to us) , we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. All dimensions are approximate and have not been verified by the selling party and cannot be verified by Sotheby’s International Realty Affiliates LLC. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information.