Malta's tigne point development sells 10 units in 6 weeks as the money men move in

The Tigne Point development in Malta has sold 10 units in past 6 weeks as “astute investors look for a country with stability, a growing economy, good residency conditions and the ability to earn capital growth and repatriate funds easily”, James Vassallo, the company’s senior sales and marketing manager told OPP.

Vassallo says that the “Maltese economy, particularly tourism, financial services, and the upper end of the housing market have all proved very resilient” to the credit crunch, “so far.”

Malta’s banks survived the international banking crisis and recession virtually unscathed, he says, and required no direct financial assistance from Government. “In fact the sector was recently deemed the ’12th soundest banking sector’ out of 142 countries in the World Economic Forum Global Competitiveness Report.”

The scheme appeals to international buyers looking for “good weather, good schooling, good health care, friendly locals and no language barriers,” says Tigne Point.

Source: OPP.org.uk