Malta’s hid­den trea­sures

The Daily Telegraph - Property - - Mediterran­ean - FOR SALE HOMES IN UR­BAN CON­SER­VA­TION AR­EAS

The cen­tral Mediter­ranean is­land of Malta has been a pop­u­lar sec­ond­home des­ti­na­tion for Bri­tish buy­ers for years, partly due to its underlying Bri­tish­ness – driv­ing on the left, English spo­ken by most, use of the English le­gal sys­tem, and even red tele­phone boxes.

Per­haps it’s also down to the crys­tal-clear sea, which is warm from May to Novem­ber, as well as good, in­ex­pen­sive food and wine, and a di­verse and rich her­itage. A min­now when com­pared with nearby Si­cily – at just seven miles long and nine miles wide, with a pop­u­la­tion of around 420,000 packed on – it is also a far bet­ter prop­erty in­vest­ment.

“Malta is not a cheap des­ti­na­tion, but the prop­erty mar­ket is do­ing very well and prices have been in­creas­ing steadily, last year by 5 to 6 per cent across the board,” says Gra­hame Salt of Homes of Qual­ity, an es­tate agent (home­sofqual­ity.com.mt). The num­ber of sales has also in­creased dra­mat­i­cally, es­pe­cially to in­vestors, as the is­land has a very strong rental mar­ket.

Over­seas buy­ers of­ten buy a smart apart­ment in one of the new de­vel­op­ments around the pop­u­lar ar­eas of St Ju­lian’s and Sliema, in A two-bed­room town house with sky­lights, a cen­tral court­yard and a roof gar­den. €372,000 Frank Salt (00356 2379 4000; franksalt.com.mt) A re­stored home with so­lar power, four bed­rooms and a big ter­race.

Buy­ers are dis­cov­er­ing old gems that come with tax breaks, writes Mary Wil­son

€795,000 En­gel & Völk­ers (00356 2347 0000; en­gel voelk­ers.com)

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