The eurozone’s economy grew at a rapid rate since 2013 and this contributed to the unprecedented boom in Malta’s already flourishing property market. This upswing boded especially well for the lucrative local rentals market.
The entire property industry, a very important component of the national economy, has always been one of the best places to invest in, the reason for this being that interest rates given by the banks have been at historic lows for some time. It, therefore, makes far more sense for those with extra savings to invest in the real estate market by means of buying additional properties to let out. This is a win-win situation as not only does the value of the property appreciate over time, it also provides a rental income stream in excess of any interest amounting on bonds taken out to acquire these properties.