Upper-market real estate firm John Taylor has had its Sliema offices inaugurated this morning, with local directors, the firm's international President, and Minister Manuel Mallia in attendance.
Mike Hili, one of John Taylor's local Directors said that John Taylor has been in high-end property transactions, rentals and management markets for over 150 years and the firm has offices in Monaco, France, Spain, Qatar, USA, Italy as well as other countries.
"Since joining the EU in 2004, this country embarked on a steady ride upwards, socially, economically and institutionally. The quality of life has dramatically improved".
Foreign investment, he said, has boomed. "The forward economic march has created a small yet growing market for high-end properties," he said. "It is this wave we wish to catch and John Taylor is the right outfit to help us do it".
"A growing demand in this niche market is only one side of the coin. The other equally important side is the challenge to respond according to the standards of excellence such clients expect. Here we are not talking about quantative expansion of the local real estate market, but are shooting for a new exclusive niche frequented by men and women who demand the best as they can afford it".
John Taylor's President, Delphine Pastor, said: "We are humbled and delighted to open our blue doors in a country with a 7,000 year old history. We are also here as it is not just your past that defines you, but your vibrant present and promising future".
"Despite its size, Malta is one of the top performing EU members. Substantial projects are in progress, Tourism is beating year-on-year records and financial and I-gaming sectors are thriving".
"Our market is specialised and exclusive," she said. "The world is our clients' oyster. They have the means and the luxury of going to any country in search of what they are looking for. It is in this competitive market that Malta has just entered".
"We have been discreetly observing your country's performance over the past few years and we took a decision. Malta is going places and we are going with you".
Competitiveness Minister Manuel Mallia also addressed the event, stating that John Taylor has been a bi-word for luxury in the property market in many countries.
"It is always joyful to preside over such events, illustrating how we are maintaining the upward trajectory of the Maltese Economy. This is also a demonstration of how we are expanding sectors and entering new niche markets. It is an occasion where we welcome new investment and talent to our shores. It is also a vote of confidence in our economic landscape".
"Malta is an economic powerhouse with growth outstripping the Eurozone. We have caught the imagination of many go-ahead people whose the great potential of doing business in a country that nurtures and celebrates success".
"My government carried out a radical reform as we plan for the long term. We know the importance of investing in education to provide a skilled workforce, and are making big changes in the energy field".
"We have long proved to be a sable and safe jurisdiction but it is important that we stay ahead of the game. We are an island of superyachts, fine restaurants, casinos and soon six star hotels. The property market is vibrant and there is great potential for John Taylor to be a significant niche player".
Dr Mallia and the Hili's conveyed their respect to Albert Mizzi, for his contribution to business in Malta.