Top of the Props: Malta teases its way into Top 10

Wednesday, May 2, 2012. Ivan Radford @themovechannel

Malta teased its way into the Top 10 overseas property destinations last month, reveals TheMoveChannel.com's Top of the Props. The tiny islands accounted for 2.59 per cent of enquiries on the overseas portal in April, enough to climb four places in the international chart and become the eighth most popular place in the world for real estate buyers.

Malta property top 10 destinations in the world

Photo credit: Giorgios

Malta teased its way into the Top 10 overseas property destinations last month, reveals TheMoveChannel.com's Top of the Props. The tiny islands accounted for 2.59 per cent of enquiries on the overseas portal in April, enough to climb four places in the international chart and become the eighth most popular place in the world for real estate buyers.

It may be the EU's smallest country by both population and size, but Malta made a bigger impression than Germany, Greece and Cyprus last month, placing it just 0.04 per cent behind the traditional market of Turkey. But while Turkish prices have been increasing amid constant buyer demand, Malta teased investors with more affordable homes in an overlooked market.

Indeed, demand for several traditional destinations decreased from March, with Spain and the US receiving 1.77 per cent and 3.22 per cent fewer enquiries respectively. The only traditional countries to see interest increase were third place France and fourth place Brazil, as investors targeted more resilient property markets in an uncertain economic climate.

These monthly fluctuations within the Top 10 may seem slight, but the impact of the global financial crisis can be seen over the long term: in the last six months, Brazil has ousted Italy completely as a buyer favourite, forming a new Top 5 of overseas property destinations (Spain, USA, France, Portugal and Brazil), which has dominated throughout the first quarter of 2012.

Over that same period of time, Malta's share of enquiries on TheMoveChannel.com grew by 0.98 per cent - another small change, but one that in the coming months could be equally decisive.

Ray Woods, of Malta Buy Property, explains the market's growing appeal:

"Despite the problems elsewhere, the economic fundamentals of Malta look pretty sound and provide an encouraging backdrop for the property market. Development land is in short supply and the population is increasing. Combine this with low unemployment rates, ready availability of mortgage finance and continuing interest from overseas, and the prospect for property is good. 

"With properties starting from around 100,000 euros, the fall in the currency's value has given added impetus to the Malta property market. Vendors have seen what is happening in the wider world and are more prepared to be flexible when cash buyers arrive."

The month's other big climber was Egypt, which climbed 10 places to become the 18th most popular property destination.

TheMoveChannel.com Director Dan Johnson comments:

"While the UAE has shown tentative signs of an upturn in activity, there has so far been a reluctance from agents and developers in the region to renew the long-distance international threads of their marketing activity. For this reason, European media have not benefited from increased advertising spend from Arabian property companies, the knock on effect being that easily-distracted buyers have their attention elsewhere. One such destination is Egypt, where in spite of some political unrest in the last 12 months, agents and developers have continued to drive interest in Egyptian property. The availability of extremely low-cost apartments in a destination with a genuine year-round climate, immense historical interest and world-class scuba diving has helped underpin demand in this longstanding favourite for international buyers."

The full breakdown of the Top 40 is as follows:

Overall Enquiries for March 2012

Rank

Country

Share

Change

1

Spain

17.44

Non-mover

2

USA

10.16

Non-mover

3

France

9.43

Non-mover

4

Brazil

7.51

Up 1

5

Portugal

5.16

Down 1

6

Italy

3.68

Non-mover

7

Turkey

2.63

Non-mover

8

Malta

2.59

Up 4

9

Germany

2.46

Up 1

10

Cape Verde

2.35

Up 3

11

India

1.87

Down 3

12

Bulgaria

1.85

Up 3

13

Greece

1.83

Down 2

14

Thailand

1.53

Down 5

15

Croatia

1.49

Up 1

16

Cyprus

1.22

Down 2

17

Hungary

0.94

Up 1

18

Egypt

0.83

Up 10

19

UAE

0.8

Non-mover

20

Canada

0.79

Up 3

21

Switzerland

0.79

Up 9

22

Indonesia

0.79

Non-mover

23

Mexico

0.75

Up 3

24

Morocco

0.74

Down 3

25

Poland

0.72

Up 2

26

Slovenia

0.68

Up 1

27

St Lucia

0.63

Down 2

28

Cayman Islands

0.58

Down 8

29

Costa Rica

0.55

Up 7

30

Barbados

0.46

Down 13

31

Australia

0.46

Down 7

32

South Africa

0.45

Non-mover

33

Philippines

0.37

Up 10

34

Montenegro

0.22

Up 1

35

Jamaica

0.19

Down 1

36

Czech Republic

0.18

Up 2

37

Austria

0.15

Up 4

38

Netherlands

0.13

Up 2

39

Belize

0.12

Up 3

40

Georgia

0.11

 

 

Notes to Editors

Founded in 1999, TheMoveChannel.com is the leading independent website for international property, with than 400,000 listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.

The website address is http://www.TheMoveChannel.com and the office address is 45 Lafone Street, Shad Thames, London, SE1 2LX.

Contact Dan Johnson on 0207 952 7650 for further information.


Author - Dan Johnson

The Full Top 40


#

Country

Share

Change

1 Spain 17.44  -
2 Spain 17.44  -
3 Spain 17.44  -
4 Spain 17.44  -
5 USA 10.16  -
6 USA 10.16  -
7 USA 10.16  -
8 USA 10.16  -
9 France 9.43  -
10 France 9.43  -
11 France 9.43  -
12 France 9.43  -
13 Brazil 7.51  1
14 Brazil 7.51  1
15 Brazil 7.51  1
16 Brazil 7.51  1
17 Portugal 5.16  1
18 Portugal 5.16  1
19 Portugal 5.16  1
20 Portugal 5.16  1

#

Country

Share

Change

21 Italy 3.68  -
22 Italy 3.68  -
23 Italy 3.68  -
24 Italy 3.68  -
25 Turkey 2.63  -
26 Turkey 2.63  -
27 Turkey 2.63  1
28 Turkey 2.63  -
29 Malta 2.59  4
30 Malta 2.59  4
31 Malta 2.59  3
32 Malta 2.59  4
33 Germany 2.46  1
34 Germany 2.46  1
35 Germany 2.46  -
36 Germany 2.46  1
37 Cape Verde 2.35  3
38 Cape Verde 2.35  3
39 Cape Verde 2.35  2
40 Cape Verde 2.35  3

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