Released on = November 7, 2006, 11:48 am

Press Release Author = Michael Johnson - YourMalta.com

Industry = Real Estate

Press Release Summary = The possibility of the Mediterranean island of Malta seeing
property price inflation of over 10 per cent has been increased as a second
international estate agent makes their predictions for property hotspots 2007.

Press Release Body = A second leading international estate agency has backed
predictions made by Malta property specialists Tribune properties that Malta could
see steep price rises in the year ahead.

Revealing their thoughts about European property for 2007, Knight Frank have placed
Malta among a list of 7 European countries anticipated to see property inflation of
ten per cent and more.

While Malta could see a rise of 12.5 per cent, other countries on the list are
Croatia, Cyprus, Estonia, Poland, Romania, the Slovak Republic and Turkey.

Commenting on the report, Tribune Properties at http://www.maltaproperty.info say
they are not surprised at Knight Frank\'s price rise forecast.

\'Some estate agents on the island have doubted that the arrival of new low cost
flights to Malta would have much of an impact on the island\'s property prices as
there is an oversupply of houses. Unfortunately some island estate agencies are a
little insular in their thinking, and find it difficult to see the bigger picture.
There is a possibility that quite a few more international buyers will consider
Malta as low cost flights make a three or four day trip and long weekends to their
holiday home a real possibility. You only need to look at how property prices have
increased elsewhere in Europe where the low cost carriers are flying to to
understand that there is a reasonable chance of Malta being part of that trend\'.

Commenting on the seven countries anticipated to see double digit property inflation
in the next year, Tribune include Malta as one of three destinations regarded as
mainstream by the UK property buying public, the largest of the island\'s property
industry overseas markets.

\'We often speak to UK buyers who have whittled down their choice to Malta and
Cyprus, and both islands have seen inward investment from property buyers for some
time now. Turkey has also seen quite a few buyers as the prices are normally lower,
and there is still some countries in Europe who might oppose Turkey joining the EU,
which often is a catalyst to property investment. Croatia, Poland, Estonia, Romania
and the Slovak Republic are fairly new to the game, where prices are considerably
cheaper. Of the seven we regard Malta and Cyprus as having the most sustainable
property prices medium and long term\'.

Flights To Malta

Malta has received praise recently from a US travel writer, who placed the island in
her top five safest travel detsinations.

In her report Laura McKenzie says of the Mediterranean holiday island \'In Malta
there is no such thing as a dark and uninviting alley, while the police force is one
of the oldest in the world\'.

The report also praises New Zealand, Switzerland, Monaco and Singapore as safe
destinations.

The news of low cost flights to the island is welcome after a travel report earlier
in the year forecast Malta as being a more expensive destination than her Spanish
island rivals for tourists.

\'When people visit Malta for the first time,\' comment Tribune Properties, \'it\'s not
normally to buy a property, it\'s for a holiday. But a good few like the island so
much they want to move to Malta full time or buy a holiday home. If the number of
tourists fall, so will the number of overseas property buyers. The low cost flights
could reverse a decline in tourisnm next year, and that will be welcome news for the
Malta property industry\'.

Another area where Tribune see a rise in property prices is the tax haven of Monaco.

Studio apartments are already at over US $1,000,000, but Monaco property prices
could still rise steeply in the next couple of years, and Europe\'s favourite tax
haven could be out of reach for some millionaires according to a local travel guide.

Different recent surveys have all been good indicators for Monaco, showing more
people likely to apply for residency and buy property in Monaco. Buyers from the UK
in particular are expected to rise in number.

One survey says that the number of millionaires in the UK will increase four fold in
the coming years, and the UK has become a very important market for Monaco real
estate recently and will boost prices as the demand feeds through. Another survey
coming out of the UK predicts that house prices will rise by 70 per cent over the
same period. Inheritance tax in the UK is a big issue as many more people are above
the government threshold due to their house price, and in Monaco there is no
inheritance tax, which gives an added incentive for some to move to a tax haven.

A CBRE report on world property also noted that Monaco real estate prices match
those of London and New York\'s Manhattan.

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