The Upcoming Cosmopolitan City – Reasons To Live In Valletta
In terms of real estate, Valletta has been relatively left on the back burner of the property market for a very long time. However, this is all changing, and in the last couple of years, there has been an increase in demand for property in Valletta – both for sale as well as to let.
Valletta is really and truly becoming a modern cosmopolitan city. As a company, Frank Salt Real Estate is always on the lookout for areas where there is great potential and Valletta is definitively one. A good number of properties in Valletta have been empty for years. Valletta was mostly popular as a retail and commercial centre, and not so much as a residential city.
Now the focus has changed, achieving a greater balance between the two. This is partly thanks to the investment made in Valletta in the past years, making the city a very attractive place to invest and live. There is also a lot of interest from highly-educated and cultured foreign clients, particularly from France, Italy and those who are mesmerised by the beauty of the city’s architecture and surroundings. Customers also find the close proximity of restaurants in a historical setting alluring.
Frank Salt Real Estate has also been seeing many young professionals based in Valletta; an architect or somebody in law for example, might want a base camp in Valletta, whether it’s an apartment with a terrace or a palazzino. They can walk to work and have everything around them so they don’t need to leave. It is nowadays also fashionable to live in Valletta, not to mention convenient. One can dine, work, shop and rest in Valletta, without too much commuting and with all within walking distance.
“I walk with clients through Valletta and if you walk down Valletta looking through their eyes you would realise the immense wealth the city offers – the architecture, the museums, the palaces, the government buildings and old auberges, the parliament buildings, Castille, Barakka Gardens, the cafeterias, shops, restaurants and offices, the cathedral, the spectacular lights at night and the hidden treasures that such a cultural and historical place holds. It is nothing short of an open-air museum.” says George Vassallo, one of Frank Salt Real Estate’s branch managers, who is also a Frank Salt Real Estate Valletta Heritage Property Expert. “It is a living experience of Baroque architecture, a monument donated by the Knights of St John nearly five centuries ago. Throughout the years, Valletta has welcomed emperors, heads of state, artists and poets and is now the permanent seat of the Maltese government. So it’s no wonder that Valletta, despite its small size, is now one of the hottest tickets in the real estate market.”
Frank Salt Real Estate offers a mixture of properties for sale and to let for those who want to live in Valletta, ranging from very small apartments which are suitable for short-let markets, to townhouses, maisonettes and palazzinos. The rental market is also in demand. Property which was overlooked is suddenly in demand, guaranteed to be a great investment. Before, only properties with a view were sought after. Today, foreigners and locals are looking at investing in something which renders a return and also gives personal satisfaction in many ways.
Malta’s prime city offers a mix of old houses of character as well as modern apartments. Whether it’s a penthouse, a harbour view apartment or a palazzo in Valletta, we are able to find the right property at a good price. For sure now is the right time to buy a property, since in four to five year’s time the city will be booming with life.