Please tell us a bit about yourself and your company
Malta Sotheby's International Realty is the local arm of Sotheby's International Realty brand. The Sotheby’s International Realty® brand’s history goes back to 1744, when Sotheby's Auction House was established; in 1976 Sotheby’s expanded into real estate to service the property needs of the most prestigious clientele in the world.
Working from our headquarters situated in the Tower Business Centre in Swatar, and our luxurious walk-in office at 200, Tower Road, Sliema, Malta Sotheby’s International Realty offers an unrivalled service to both buyers and sellers of premium property on the island. We boast a network of over 650 global Sotheby’s real estate offices, with whom we work closely to refer clientele to our portfolio, listing each home on our luxury property portal www.maltasothebysrealty.com. Our associates are leaders in their field with high-net-worth contacts - both in Malta and overseas.
Malta Sotheby’s International Realty covers the islands of Malta and Gozo, managing residential, commercial, sale and rental properties.
What has the property market been like this year?
2013 has been a strong year for property in Malta due to a number of factors; the island’s government has launched various incentives for businesses and high net worth individuals to relocate and enjoy tax and fiscal benefits – these include the Global Residence Program and the Individual Investor Program. Malta’s economy has also helped keep the property market buoyant; whereas our European neighbours Spain and Greece have struggled in the recession, the Maltese economy has remained strong and key industries such as finance and iGaming are thriving. Finally, Malta is home to a number of exclusive luxury developments – Smart City, Tigne Point and Madliena being just a few – which are enticing buyers in the upper end of the market...