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Loading ...MALTA - AFTER THE ELECTIONS
In Malta - after the elections, the Maltese re-election of the Nationalist Party means that the PNP will continue to enjoy a rapidly improving economy and Malta’s new respect and status in Europe. Inward investment will continue to rise due to Malta’s political stability, geographical location, sound property laws and benign tax regimes. These factors can only increase the country’s current popularity. EU membership has already stimulated foreign investment such as the new Dubai-backed “Smart (IT) City.”
A UK source also believes that Malta remains a safe place to invest in property. Property prices are relatively low for a Mediterranean sea front home and can only prove to be a sound investment as prices rise.
A re-vamped Tourist Authority which has allowed the arrival of low budget airlines has significantly raised hotel occupancy rates - reversing a previous decline. The past few months have also seen an increase in the numbers of Cruise Liner passengers.
Also in Malta - after the elections, the continued beneficial tax regime, the absence of property taxes, modern hospitals and health-care, good education systems and low crime will attract a growing number of expatriates - particularly from the UK. The latter enjoy a better quality of life without any language barrier. Malta’s Mediterranean location and climate, combined with EU membership is also proving attractive to the Germans, Swedes and the Russians.
So despite rising energy costs and food prices, Malta after the elections seems set fair for a period of stability under the continued guidance of the PNP.
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