Malta has been chosen as one of the top ten destinations for UK and Irish property buyers looking to purchase abroad.
The list has been drawn up by ‘A Place In The Sun’ Magazine’ which is associated with the well-known Channel 4 television programme.
Full details will be published in the magazine which is out at the end of January 2012.
It will feature contributions from UK based company www.maltabuyproperty.co.uk and their associates, Frank Salt Real Estate.
www.maltabuyproperty.co.uk was founded by husband and wife team, Ray and Elaine Woods who established the Company after buying their own holiday home in Malta 10 years ago.
www.maltabuyproperty.co.uk will be present at the UK and Ireland’s longest established and largest property show – 'A Place In The Sun Live'at Earls Court, London from 30th March – 2nd April 2012.
Ray Woods said, “It is no surprise to us that Malta has been voted one of the top ten destinations for buyers of overseas property. Buying a home overseas either as a permanent residence or as a holiday home is a serious investment decision. We have seen a continuing growth in interest in Malta not just from the UK and Ireland but from the rest of Europe, the US, Australia, Canada, Germany, Portugal , Spain, South Africa and even Russia.
"One of the factors that has emerged recently is the relative buoyancy of the property market in Malta and the economy generally.
"Clients say that they are tired of the doom and gloom in the UK and Ireland and many other parts of Europe. They want to relax and enjoy themselves whilst enjoying the fabulous weather and water sports such as diving and yachting.
"English is a joint first language in Malta and this has always been a big factor for many – particularly as English tends to be the international language of business. It helps buyers avoid the pitfalls of living in closed ex-pat communities as well as making day to day business and domestic life so much easier.
"Malta is also one of those rare places these days where the banks are still prepared to lend up to 75 or even 80% subject to income.
"The low crime rate and high standards of healthcare and education also appeal to buyers of all ages.
This is not to forget the mild climate, warm seas and good travel access to a wide range of destinations.
"It is politically stable and doesn’t suffer from the extremes of weather and geophysical instability of many areas.
"It is really simple and easy to buy property in Malta and the costs of doing so, tend to be amongst the lowest in Europe.
"There are no annual property taxes, no inheritance tax and VAT is lower than in the UK and Ireland.
That is why we expect to see many existing and new clients at ‘A Place In The Sun Live’ at Earls Court, London in 2012.”