|Page (1) of 1 - 09/12/13||email article||print page|
Secret Mediterranean Island Offers Low Costs, Great Climate and High Quality of Life InternationalLiving.com(September 12, 2013)
Baltimore, MD (PRWEB) September 12, 2013
InternationalLiving.com released a new report on the English-speaking island of Malta, which boasts one of the lowest costs of living in the E.U., a high quality of life, and stunning, good-value real estate.
Malta is the smallest country in the European Union (just 122 square miles), but it has long been a vacation spot for sun-starved northern Europeans and a tax haven for the wealthy. Multi-million-dollar yachts fill Maltas marinas. Yet youll find great bang for your buck here. A couple could live well on a budget of $2,000 a month.
Malta is made up of five islands, but only Malta and Gozo have substantial populations (theres a proposal to link them by bridge). Comino, the third-largest, is home only to a few people. And the islets of Cominotto, off Comino, and Filfla, off the Dingli Cliffs, are uninhabited.
A rich history and mix of cultures is part of day-to-day life in Malta.
The Crusader Knights left their legacy in the outstanding architecture of Valletta, Mdina and other citiesmost of it in warm, cream-colored limestone. The British left their language and their driving style (left side of the road). The nearby Italians left their stamp on the food. And a North African influence, too, lends a sense of the exotic.
Although many North Americans may not have heard about Malta, this is set to change.
These days there is change in the air and a new excitement, especially in Valletta, Maltas capital, says InternationalLiving.com editor Glynna Prentice.
The city has been named European Cultural Capital for 2018, and in the run-up to the big year the government is burnishing its baroque public buildings and revamping infrastructure, while Europeans and other expats and investors snap up and renovate Vallettas historic buildings. New shops are opening, and activities fill the calendar.
A long-term rental in Valletta normally runs you from 450 up to about 750 a month for a mid-range apartmentthat is, about $585 to $975, says Prentice.
Outside of Valletta, prices for rentals and real estate drop. For example, in the city of Rabat youll find all the modern conveniences youll need. But it also has traditional neighborhoods along narrow, cobbled lanes, and the occasional baroque church.
You can find small, traditional houses (houses of character) here for sale starting at about $130,000. Rents start at about $585 a month; realistically, expect to pay $780 to $910 for a two-bedroom house. If you prefer apartments, youll have more luck in Rabats modern outskirts. Sale prices start at about $97,500 and monthly rent at $455, says Prentice.
The smaller island of Gozo is a classic get-away-from-it-all destination. The pace of life here is slower. Even the islands largest city, Victoria (population about 6,500), is laid back, with elderly locals whiling away the afternoon on shady park benches.
In Victoria you can rent a one-bedroom, furnished apartment long-term for as little as $325 a month, or a four-bedroom farmhouse near town for $900. Rent in beach towns will run you slightly higher. You can buy apartments in Victoriaeven furnished onesstarting at about $130,000, says Prentice.
The full report on the lifestyle, cost of living and the real estate market in Malta, which appeared in the August edition of International Living magazine, can be read here:
Enjoy a Great Quality of Life in Malta.
See here for a slideshow of images from Malta: In Pictures: The Best of Mediterranean Malta.
Editors Note: Members of the media have full permission to reproduce the article and slideshow linked above, once credit is given to InternationalLiving.com.
Media Contact: For information about InternationalLiving.com content republishing, available source material or to book an interview for radio, TV or print with one of our experts, contact Associate Editor Carol Barron, 772-678-0287 (US), CBarron(at)InternationalLiving(dot)com or visit the Media Center. For automatic updates on the most current stories, follow International Living Media on Twitter.
For more than 30 years, InternationalLiving.com has been the leading authority for anyone looking for global retirement or relocation opportunities. Through its monthly magazine and related e-letters, extensive website, podcasts, online bookstore, and events held around the world, InternationalLiving.com provides information and services to help its readers live better, travel farther, have more fun, save more money, and find better business opportunities when they expand their world beyond their own shores. InternationalLiving.com has more than 200 correspondents traveling the globe, investigating the best opportunities for travel, retirement, real estate, and investment.
Read the full story at http://www.prweb.com/releases/2013/9/prweb11117227.htm.