About Malta, Property in Malta

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Overview

The Maltese archipelago, consisting of Malta, Gozo and Comino, is ideally located in the centre of the Mediterranean Sea, just south of Sicily. Malta is the largest island with an area of 316 square km and a population of around 400,000 people. The Island’s capital city, Valletta, was built in the 16th century by the Knights of St. John and with over 7,000 years of history Malta has a vast cultural heritage which includes cathedrals, palaces, forts and prehistoric temples which are older than the pyramids in Egypt and Britain’s Stonehenge. Malta’s culture is further reflected in the Roman Catholic religion which dates back to the time of St.Paul, however, there is also freedom of worship and association for all other religions. The country obtained its’ Independence in 1964, became a Republic in 1974 and joined the European Union in May 2004 and as from the 1st of January 2008 the Euro was introduced as Malta’s national currency. The official languages are Maltese and English while Italian is also widely spoken.

Lifestyle

Nowadays Malta portrays a relaxed lifestyle led by friendly locals and numerous foreigners who have settled on this sunny Island. Malta’s weather can only be described as glorious with the sun shining practically all year round and with the possibility to swim in the sea for up to eight months of the year. InternationalLiving.com has rated Malta with the best climate in the world out of a survey of 193 countries.

There is always something to do in Malta especially in summer, where every town hosts weekly town feasts filled with colourful fireworks, traditional foods and marching bands. For the young and the young at heart Malta offers a wide array of entertainment including cinemas, bowling alleys, theatres, wine bars, casinos, bars, night clubs and a number of specially organised events which foreign djs and entertainers perform at. The Island’s are also very safe with a low reported crime rate.

Getting to and around Malta

Getting to Malta is fairly easy with the country’s national airport offering connections to and from all major European, North African and Middle Eastern airports. With the recent introduction of numerous low cost airlines it is now even easier and less costly to travel to and from Malta. Malta also has one of the most beautiful natural harbours in the world. The Grand Harbour is a major Mediterranean base and one of Europe’s largest yacht marinas. Sea connections are offered between Sicily, Italy and Tunisia. There is also a daily passenger car ferry service between Malta and Gozo, while connection services to Comino are available between April and October. You can get around Malta by means of public transport which is provided by colourful local buses, available to all towns in Malta and Gozo. You can also opt to travel by taxi or car. Like in the U.K. driving in Malta is on the left hand side.

Economy

Malta’s economy is considered to be stable and is mostly service led. Over the past years Malta has increased its foreign direct investment and registered a growth in financial, ICT and hospitality services. Malta provides excellent financial services with numerous local and international banks offering their services to both locals and foreigners. The property market in Malta is also a very stable investment as for almost 40 years the housing market has recorded average annual gains of around 8%, while purchasing immovable property is not particularly expensive by European standards. Many locals opt to invest in property rather than placing their money in banks or shares as they are guaranteed a return on their investment.

Education and Health Services

The educational system in Malta is divided into three main categories: Primary Education, ranging from ages 5 till 11, Secondary Education from ages 11 till 16, and Tertiary Education. In Malta schooling is compulsory between the ages of 5 and 16. There are a number of educational facilities available including public, private and church schools as well as vocational, technical and higher education colleges. The University of Malta offers a range of courses to students of eighteen years and over.

Malta offers excellent health services and as of 2007, Mater Dei, a new public hospital became operational. The hospital which is located in Msida now offers a better environment and state of the art equipment. There are also a number of private hospitals in Malta. The World Health Organisation ranks Malta’s health care system as the 5th best in the World out of 190 countries.

Overview

Lifestyle

Getting to and around Malta

Economy

Education and Health Services

Malta

Travel

Health

Banks

About Malta

Overview

Lifestyle

Getting to and around Malta

Economy

Education and Health Services

Useful Links

Malta

Travel

Health

Banks