Living in the Area
In fact, these factors contribute to the success of these areas, making living in these areas extremely comfortable and a popular choice for real estate investment. The majority of these towns are found along the coastline of Malta and enjoys a promenade that connects them all. This promenade remains popular for people who enjoy a stroll on lazy Summer evenings, others who take to the promenade for an early morning jog, and others who simply sit on one of the many scattered benches and enjoy the views.
General Information
The real estate market in Sliema and Surrounding localities has remained strong, particularly when it comes to the buy-to-let market. Those who purchase property as a rental investment may enjoy an annual rental income of anything between 4% and 7%. Others who choose to buy property here have seen their investment appreciate above the average when compared to other regions. Due of the high demand from both local and foreign nationals, prices in this region are generally on higher than those in other regions. Typical prices include a one bedroom apartment within the region of €120,000 whereas a three bedroom Apartment would be priced at no less than €200,000. We are quoting average prices and therefore prices do vary depending on where you may want to live.
Sliema & St Julian’s Property Types
Sliema and St Julian’s were particularly well-known for a string of Townhouses found along the promenade. Today, most of the promenade has been replaced with beautiful apartment blocks. Several townhouses can still be found throughout the towns and are snatched up as soon as they are available.
Whereas Sliema, St Julian’s, and their neighbouring localities are mainly an area where apartments are predominant, localities such as Swieqi, Madliena and High Ridge cater for those who are looking for mid to up-market properties which naturally offer more privacy. In fact, Madliena, High Ridge and surroundings are a hot-spot for Malta’s most luxurious homes that may offer abundance of land and sea views. The locality is found 100m above sea-level, twice that of Sliema and over four times that of Msida.
Msida, University Heights, Swatar and Gzira form part of this region where prices are more reasonable whereas their proximity to the Central area is much closer. These four towns are within walking distance to the University of Malta and the General Hospital of Malta namely, Mater Dei. The hospital opened its doors the public in June 2007 and it spans an area of 250,000m².
Landmarks
Sliema and surrounding localities are well-known for a number of landmarks. As mentioned above, the localities on the perimeter are joined by a promenade that extends from St Julian’s, through Sliema, Gzira, Ta’ Xbiex, Msida, Valletta and beyond. Just beneath the Sliema promenade, there is a public garden known as the Independent Gardens, where several families can be seen relaxing on benches whilst their children may enjoy the swings within the garden. St Julian’s is well known for Paceville – a section that is extremely lively at night owing to the number of clubs and bars found throughout the area which are located a stone throw away from Spinola Bay and it’s exquisite inland and seafront restaurants.
The town has become particularly famous for the Portomaso Tower – a building that houses several offices and is spread over 23 floors – far higher than the 8 floor maximum permitted only along the promenade. Its neighbouring town – Sliema – is the to go-to place for shopping, cafes and restaurants. It’s also home to two of Malta’s most popular shopping malls: the Plaza Shopping Centre and The Point Shopping Mall located within Tigne Point, a luxury multi-use property development. The latter is Malta’s largest shopping mall, whereas the development includes high-end apartments and penthouses that offer stunning views of the Valletta bastions and Grand Harbour.
Schooling
Sliema and surrounding localities are well-known for a number of landmarks. As mentioned above, the localities on the perimeter are joined by a promenade that extends from St Julian’s, through Sliema, Gzira, Ta’ Xbiex, Msida, Valletta and beyond. Just beneath the Sliema promenade, there is a public garden known as the Independent Gardens, where several families can be seen relaxing on benches whilst their children may enjoy the swings within the garden. St Julian’s is well known for Paceville – a section that is extremely lively at night owing to the number of clubs and bars found throughout the area which are located a stone throw away from Spinola Bay and its exquisite inland and seafront restaurants. The town has become particularly famous for the Portomaso Tower – a building that houses several offices and is spread over 23 floors – far higher than the 8 floor maximum permitted only along the promenade. Its neighbouring town – Sliema – is the to go-to place for shopping, cafes and restaurants. It’s also home to two of Malta’s most popular shopping malls: the Plaza Shopping Centre and The Point Shopping Mall located within Tigne Point, a luxury multi-use property development. The latter is Malta’s largest shopping mall, whereas the development includes high-end apartments and penthouses that offer stunning views of the Valletta bastions and Grand Harbour.
RE/MAX Offices
As Sliema and St Julian’s are two of the hottest real estate spots on the Islands, the company has strategically opened offices in practically every corner or Main Street. The RE/MAX head office, which is also the same location of one of our real estate offices, namely RE/MAX Professionals, is found in a prominent spot along the St Julian’s promenade.
Just up the road and within the prestigious Portomaso development, one will find RE/MAX Real Estate Specialists whereas RE/MAX Bay Street is found within the popular Bay Street Shopping complex which is located nearer to Paceville. RE/MAX Professionals and RE/MAX Crown are both situated along the Sliema Seafront. The RE/MAX Real Estate Specialists second office is located within the prestigious development of Tigne Point. Finally, the RE/MAX Blue Harbour office is found just across the yacht marina in Ta’ Xbiex, bringing the total of RE/MAX Offices to 9 within the region. With the aim of growing the real estate firm by increasing the number of offices on the island.
Conclusion
Sliema and St Julian’s remain the main business centres in Malta. A number of companies, both local and international, have relocated their businesses to office blocks that were developed specifically to cater for the influx of companies looking to relocate to these areas. The region continues to remain in high demand and is expected to be so for several years to come. If you’re looking for a safe investment, then this will easily be your soundest investment to date.
