The Luxury Real Estate in the North
The North of Malta, known for its beautiful sandy beaches, stunning sea views and picturesque countryside, is where one can find some of Malta’s luxury real estate. You can find areas that are tranquil and serene, while at the same time, with its ever growing popularity with holidaymakers and locals alike, areas such as the coast burst into life. The diversity in this area makes the North a good area to invest in property, be it to own or to let. Coastline localities, such as St.Paul’s Bay, Bugibba, Qawra and Mellieha, have become particularly popular and are home to some of Malta’s most prestigious developments.
Some of the area’s most luxurious properties reside in the beautiful village of Mellieha. Tas-Sellum Residence is another development in the North, in a Special Designated Area which means that foreign nationals can buy under the same conditions and rights as Maltese nationals and do not require additional permits. SouthRidge in Mellieha is another stunning project that is bright all year round as it is sun facing, and the stunning beaches of Għadira, Golden Sands and Għajn Tuffieha, as well the 20-minute ferry crossing to Gozo, can all be reached within minutes. Ville Michel is another development to look into should you be looking into residential or commercial properties in the North as it enjoys not only marvelous sea views but also fabulous country views, and is a development that has been finished to the highest of standards. All this aside Mellieha it is not only home to luxury apartments and complexes, but also stunning villas in the highly sought-after Santa Maria Estates. Other complexes in the North work looking into both for personal or business investment is the complex Cosa Nostra in Qawra featuring both residential and commercial properties ideal for first time buyers, and those looking for a buy-to-let investment.
Gozo – The Sister Island
If you travel slightly further North and catch a ferry, you will arrive in Gozo, one of Malta’s sister islands. This is a more relaxed and less urbanized version of Malta, and the keeper of some of the most beautiful and luxurious developments our archipelago has to offer. Amongst the many there are; The Kempinski Residences, located in the far West of Gozo and is surrounded by greenery, while still being just off the sea shore. Vista Point is yet another exciting new development, situated in Marsalforn (North of Gozo).
This development is known for bringing together modern architecture and design that caters for the needs of modern lifestyles, whilst at the same time respecting its environmental setting in one of Gozo’s most picturesque backdrops. Fort Chambray is another stunning development, currently being restored as was originally built by the Knights of St John. A central imposing building, the Knights’ Barracks, is undergoing restoration and will form the nerve centre of the development, and allows for a unique and rare opportunity to create a major and diverse residential, tourist or leisure business operation.
The real estate market has been steadily increasing and continues to do so year-on-year. Areas like Naxxar, Gharghur, Swieqi, Sliema, St Julians, and such are becoming more and more saturated and the demand is seeing a shift towards more demand for properties and investments in more rural environments. The North is definitely one of Malta’s up-and-coming real estate investment go-to.