The advent of high rises in Malta is becoming more apparent, and therefore conjointly the modernisation of Malta itself. There are strong voices keeping the country’s rich Architectural history in focus however and Pelago as a company completely seconds this. We do also understand the modernisation of some parts of the Island however, and there is somewhat of an organised approach when it comes to this (take Special Designated Areas for example). In spite of this, Pelago does believe that at times more care, understanding and especially safety would boost the reputation of the industry itself and therefore make it more attractive on an international level. The relevant authorities also bear a responsibility to enforce, however political agendas are outside of our remit- yet we believe it is still worth mentioning. 

Another salient feature of Malta’s property market that has to be mentioned is Malta’s size. The country geographically is quite densely populated and competition for space is rife, therefore resulting in a property market that can feel saturated at times and therefore highly competitive. Prices therefore spread easily and Malta’s small size is used as a justification for this. Despite this, the country’s small size does indeed protect from over-saturation and it even stormed the recent financial crisis in 2008, showing commendable stability. Finally, again, despite being small, the geographical location of Malta is almost second to none and is therefore of high interest since it facilitates travel connections internationally to Europe, Africa and beyond.