Malta’s property hotspot is Sliema, if internet searches from the past 12 months are to be believed.
Trends on Google over the past year show that the most common search terms for those interested in investing in the island’s property market were “Malta property”, “property for sale in Malta” and “property in Malta”.
Houses were more popular in searches than apartments whilst surprisingly “Villas for sale in Malta” and “land for sale in Malta” appeared in no searches whatsoever.
The interest was at a stable level throughout the year until it fell by 21% in the final quarter. The start of 2013 saw figures rise even higher than those representing year-on-year trends, with a surge of 27%.
The coastal town of Sliema is found on the northeast of the island and topped the list of locations most popular in searches. It accounted for over 8% of interest, whereas the capital Valletta only managed 5.51%. Other nearby locations such as Mellieha and Saint Julians were not far behind, with 5.48% and 5.27%.
This means that the demand for property in Malta’s popular harbour accounts for just over 25% of all searches for property on the island.
The Southern Harbour region was actually the most popular section of the island though, with just under 30% of all enquiries, but despite this the region only accounted for two of the destinations in the top ten of searches.
The popularity of Sliema for internet searches is translating into actual sales, as the ever-popular tourist resort means that investors looking for a holiday home are just as likely to be joined by those interested in good rental yield returns.
With concerns over the future of the economy in Cyprus, the increased interest in Maltese property in the first months of 2013 looks likely to continue throughout the year.
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