As hard as it may feel now, in depths of economic and eurozone crisis, Spain has been something of an inspiration to other countries. The way in which the country used it’s wonderful weather and proximity to northern Europe to tempt people to buy holiday homes, time share apartments or move and early retire to a nicer climate has become something of a playbook to be copied by other countries.
Within the European Union, one such nation is Malta. Malta is a tiny chain of islands set in the Mediterranean Sea to the south of Sicily. Formerly British and French, it has strong ties to the rest of Europe and has used these to great impact to draw in visitors from more northerly neighbours.
Amongst these tourists, some inevitably wish to stay and enjoy the climate. For those people, there is quite an industry of real estate agents, property developers and builders preparing for them. One of the nicest locations for foreigners with cash to move to is Tigne Point (visit here) which has a reputation as an excellent lifestyle development.
Due to starting later, being less aggressive and less successful than Spain, the Maltese economy has not become so reliant on real estate as southern Spain did. This has helped Malta to avoid the worst of the eurozone crisis, making it something of an attractive location for people to move to. Things are not so bad somewhere…