Short-Term Rentals in Malta
As Malta’s tourism grows, more travelers are choosing short-term rentals (STRs) like holiday apartments over hotels. STRs, fueled by platforms such as Airbnb, now require an estimated 4.7 million tourists annually to maintain 80% occupancy, according the Malta Chamber. This reflects a shift in traveler preferences for flexible and cost-effective options. Whether it’s for a […]
Common Legal Mistakes in Property Deals and How to Avoid Them
Buying or selling property in Malta is a significant investment, and while the process may seem straightforward, there are many legal pitfalls that could catch you out. Here are some of the most common mistakes in Maltese property deals and how to avoid them in 2024: 1. Not Checking for Clear Title Deeds Before purchasing […]
Property Price Trends in Malta
As we head near the end of 2024, Malta’s property market continues to evolve, with some notable trends emerging. Here’s what’s happening in Malta’s property market in 2024: 1. Rising Demand for Mid-Range Properties In 2024, there’s a clear trend towards mid-range properties, particularly apartments in central locations such as Sliema, St. Julian’s, and Valletta. […]
Hotel Development in Malta
Malta’s tourism industry is booming, with inbound tourists in 2023 amounting to almost 3 million, reflecting the island’s growing appeal as a top destination. With this increase comes the need for more hotels to accommodate the rising number of visitors. However, it’s essential to develop properties that benefit both tourists and the local community. Luxfair Group’s […]
How Recent Property Laws Could Affect Your Next Purchase
Malta’s property market is constantly evolving, with new laws and regulations affecting buyers, sellers, and investors. In 2024, some recent changes could have a direct impact on your next property purchase, whether you’re looking for a home or an investment opportunity. Here’s a look at the key legal changes you should be aware of: 1. […]
Affordable Living in Malta
With property prices rising and Malta’s population growing, there’s been a significant shift towards mid-range apartments. Here at Luxfair Group is responding to this demand by developing high-quality, affordable apartments that meet the needs of locals and expats alike. Why Mid-Range Apartments are in Demand Malta’s property market offers everything from luxury penthouses to budget […]
Understanding Property Contracts: The Key Legal Terms You Should Know
Buying or selling property in Malta can be an exciting but daunting process, especially when faced with the legal terms within contracts. Whether you’re a first-time buyer, investor, or someone selling a property, it’s crucial to understand these terms to protect yourself from potential issues. Here’s a breakdown of some key legal terms you’ll encounter […]
Hospitality in Malta: The Spinola Hotel Project
The Spinola Hotel in St. Julian’s is one of Luxfair Group’s exciting new ventures, designed to provide travellers with affordable, comfortable accommodation in the heart of Malta. This three-star hotel is perfect for those who want to experience everything the island has to offer without stretching their budget. What to Expect at the Spinola Hotel […]