“There is significant growth potential in the premium segment,” says Sara Grech, CEO and President of Engel & Völkers Sara Grech. In particular, foreign buyers drive demand for upmarket residences, and Malta is fast becoming one of Europe’s top expat destinations for high-net-worth individuals. “Malta is a safe location, everything is close by and the weather is excellent. Foreigners quickly feel comfortable because Malta is not as busy as the big city environments of London or Paris, and high-net-worth individuals enjoy a significant higher level of anonymity than in other Mediterranean locations such as Monaco,” Sara Grech explains.
A recent report compiled by Wealth-X and Sotheby's International Realty draws similar conclusions, highlighting that lifestyle options as well as safety and security are key considerations for high-net-worth individuals when investing in property. According to Sotheby’s Malta branch, Malta has greatly advanced in the last years, both economically and socially. Coupled with its pleasant climate, unique culture and history and stable political situation, Malta is an ideal candidate to attract ultra-high-net-worth individuals.