Estate Agents in Malta report that 2013 will be bullish for the housing market. In the beginning, there was a strong start and best performance in sales over the last 3-4 years, reports themovechannel.com referencing to UK-based estate agent MaltaBuyProperty.
Agents call the following advantages of Malta: stable prices, possibility of bargaining, receive mortgage loans without excessive bureaucracy, low taxes (unlikeIreland, the UK and France), warm climate.
According to the agent, real estate in Malta is interested in clients from the U.S., France, Cyprus, Italy, Spain and South Africa. On the housing market in Malta returns customers from the UK and Ireland, with a budget of around 120,000 - 200,000 euros.
"The cost of buying property is lower by 7-8% than in most European countries neighboring Malta. Italian clients have told me they cannot believe how low the ad compared to their own country," said Managing Director MaltaBuyProperty Ray Woods.