Sara Grech has recently attended the RTE’s House Hunters in the Sun live show in Dublin, Ireland, which took place over the Easter weekend of 6 to 9 April, meeting several potential home owners and investors wishing to purchase property in Europe. House Hunters in the Sun is Ireland’s number one brand in the overseas property market, with the television show that is one of the most popular in Ireland.

Sara Grech Ltd has successfully encouraged a large number of customers to purchase property in Malta. When asked what makes real estate so attractive, Ms Grech replied that the announcement of new routes by budget airlines has given the local property market a boost, and made Malta a more appealing destination.

She went on to say that, in the past, the idea of owning a second property abroad might have seemed beyond the reach of most people. However, unprecedented economic growth over the last 10 years has meant that outright ownership is now both a realistic option and a sound financial choice. In addition, the ability to borrow funds at competitive interest rates has also fuelled a buoyant overseas property market.

Fewer and fewer people are choosing to invest in an uncertain stock market or pensions, etc., and increasingly people are looking towards investments that enrich their lifestyle.

Malta’s membership of the EU meant the removal of market barriers, and investors are looking for property where the prospects of capital growth are good, thus venturing into core plus and opportunistic and investment territory. Hence, Malta is now appearing on the investors’ radar screen.

Since the bursting of the IT and media bubble in 2000, private investors have also become more careful and less adventurous. The emphasis has moved from income growth to asset preservation, from opportunism to security and from short-term to long-term. Institutional, as well as private, investors have rediscovered real estate. Given the shortage of prime property, and the limited space on the Maltese Islands, our capital appreciation is a real security.

Ms Grech said that she encouraged people with property they would like to sell or rent to widen their customer choice by using the company’s new foreign customer database. More information is available from any of Sara Grech Ltd’s branches on 2347-0210 or by emailing [email protected]