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The Mediterranean island of Malta has recorded the highest growth in prices of goods from European Union countries, and recent news could help see property inflation in double figures for the coming years.
Figures published by the European Mortgage Federation show Malta's rise more than eighteen per cent was higher than both France and Spain.
Two EU countries, Germany and Austria, saw house prices lower, while Portugal, Greece and the Netherlands were barely into positive territory.
And property experts on the island are predicting that strong growth could be around some few years, giving Malta the potential to be viewed by investors as a good place to shop.
Tribune Properties who specialize in property for sale in the report of Malta to the first quarter of 2006 has seen a good level of activity, with the upper end of the market and particularly good performance levels.
"The first two weeks of January were slower than the same period last year comments' Michael Johnson, Managing Director of Tribune, but since then the number of sales has matched last year – very good – but homes with a starting price of one million euros and more has been increased activity, and a number sales.
Malta Hotels and Holidays
The independent information site for holidays and hotels in http://www.yourmalta.com Malta also report increased interest in their property pages compared to the first quarter of 2005, with the number of page views growing almost a third.
Sustained property inflation at levels seen in Malta are rarely seen in other countries, but new economic activity on the island could see property demand at good levels for the coming years.
A new Smart 'City' is expected to compete can see Malta the rest of Europe as a business destination for internet and other high technology companies. English is spoken fluently in Malta, and with relatively low salaries locally is expected that foreign investment and 5000 new jobs will help the Maltese economy which in turn will raise the property, hotels and vacation markets.
The tourism industry is vital to Malta's economy and it is expected that the arrival of low cost airlines providing new flights to Malta will benefit of holidays in Malta industry and the many hotels in Malta.
If Malta can combine the attractions of a Mediterranean holiday island with a modern infrastructure and conducive to high technology companies in an environment of low taxes, property prices today may seem a bargain in a period of five years.
The introduction of low cost flights to Malta from the United Kingdom opens the possibility of more buyers looking at the island of holiday homes that could be used for long weekends, and the Malta hotels industry could reap the benefits of 3 to 4 days of tourism and the island as a viable location to visit.
Malta has traditionally seen the majority of its visitors from the United Kingdom, but this could change to a more diverse mix in future years.
Last year was a record number of visitors from Italy, and increased research has received property agents across the island of Scandanvia, Holland, France and Belgium, helping to increase the demand for Malta properties.
After some years of Malta are wondering how they fit into the modern world property agents, hotel owners and holidays in Malta industry are beginning to see the future with optimism.
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For a guide to Malta visit http://www.yourmalta.com. Included is a map of Malta and hotels in Malta
Article Source: ArticlesBase.com – Malta Real Estate Increase Highest In Europe
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