New development is Malta's coming of age

As published by World of Property
Date:4th July 2008

Malta is now seen as a healthy location for property buying Brits, and not just thanks to the many new developments that are becoming available.

Malta has long been a popular estination for Brits looking to buy property. The warm Mediterranean climate and short flight times to the UK have ensured Malta is never short of interest, especially from the retirement sector.

The Tigne Point development, which is conceived as a 'holistic, mixed-use development', is situated close to Malta's capital city, Valletta, which is rich in history and has plenty of culture to offer.

Tigne Point's James Vassallo, the project's Senior Manager, describes the development as: "Malta's coming of age." The centre of the development is a Piazza surrounded by cafes and restaurants, with the residential areas surrounding the commercial areas. Tigne Point Piazza is going to be pedestrianised and the whole development will be car free, with an underground network of car parks providing the parking spaces.

"Malta has undoubtedly has an impact on the tourist industry over the years," says Vassallo. Now with an island relatively unblemished by some of the ravages that the Spanish Costa's have had to endure, their blank canvas has paved the way for a new lease of life."

Another reason to move to Malta is that it has been ranked by the WHO (World Health Organisation) as having the fifth-best health service in the world, leaving the UK trailing behind in 18th place. This is especially important for the large numbers of retirees looking to relocate to Malta Vassallo adds: "Healthier options coupled with lifestyle changes become decidedly more important for many in their later years." The Maltese health service is entirely free on point of delivery. Fees for health services are taken from general taxes. Taxes in Malta can be as low as 15 per cent on income brought into the island.

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